External broker reports(aggregated public sources), Rong Viet Securities

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External broker reports(aggregated public sources)

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Sai Gon Cargo Service  / Equity Bottom-Up

<ul><li>In Q2-FY25, SCS recorded revenue of VND 292 billion (+10% YoY) and NPAT of VND 189 billion (flat YoY).</li><li>Revenue growth was driven by a shift in the mix of international and domestic cargo, leading to an approximate 16% YoY increase in average service prices.</li><li>However, NPAT growth did not align with revenue due to the expiration of CIT incentives. Starting in 2025, SCS will be subject to a 20% CIT rate (previously exempt for four years, with a 50% tax reduction for the subsequent nine years). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In Q2-FY25, SCS recorded revenue of VND 292 billion (+10% YoY) and NPAT of VND 189 billion (flat YoY).Revenue growth was driven by a shift in the mix of international and domestic cargo, leading to an approximate 16% YoY increase in average service prices.However, NPAT growth did not align with revenue due to the expiration of CIT incentives. Starting in 2025, SCS will be subject to a 20% CIT rate (previously exempt for four years, with a 50% tax reduction for the subsequent nine years). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SAI GON CARGO SERVICE CORPORATION (SCS) - Stable Operations with No Major Fluctuations