Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Sai Gon Cargo Service (SCS VN) Q2 FY26: Volumes Down 8%, Net Margin 67%, Net Cash 40% Of Mkt Cap

Sai Gon Cargo Service (SCS VN): Robust Start To Q4, 7.2x PE/11% Dividend Yield/Net Cash/50% ROCE

Saigon Cargo Services Solid Q1 2025: 75% Operating Margin and 45% ROCE Intact

Sai Gon Cargo Service (SCS VN) Q2 FY25: Maintaining 75% Operating Margins and 50% ROCEs

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/sai-gon-cargo-service-corp" target="_blank" data-smartkarma-citation="entities:40374:1" rel="noopener">Sai Gon Cargo Service (SCS VN)</a> experienced a solid finish to Q4FY25 with 11.5%/10.%YoY revenue/profit growth. For FY25, revenue/profit growth was 15.4%/8.4%YoY.</li>
<li>The stock trades at a 6.7x PE, a 10% dividend yield, a &gt;50% ROCE, and more than 30% of its market cap in cash. </li>
<li>The company faces ongoing risk from potential volume migration to Long Thanh Airport Terminal 1, slated to begin operations in late 2026 and Terminal 2 in 2027-28.</li>
</ul>



Sai Gon Cargo Service (SCS VN) experienced a solid finish to Q4FY25 with 11.5%/10.%YoY revenue/profit growth. For FY25, revenue/profit growth was 15.4%/8.4%YoY.
The stock trades at a 6.7x PE, a 10% dividend yield, a &gt;50% ROCE, and more than 30% of its market cap in cash. 
The company faces ongoing risk from potential volume migration to Long Thanh Airport Terminal 1, slated to begin operations in late 2026 and Terminal 2 in 2027-28.


Sai Gon Cargo Service (SCS VN): 6.7x PE, 10% Dividend Yield, >50% ROCE, But LT Overhang Remains