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

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

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

Saigon Cargo Services (SCS VN): August Volumes of 40% YoY, Correction Provides An Opportunity

Saigon Cargo Services (SCS VN): Q3 2024 Preview Strong As Ever

Sai Gon Cargo Service (SCS VN): Strong Q2 2024, 8% Dividend Yield, >40% ROEs, Net Cash

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

Sai Gon Cargo Service  / Equity Bottom-Up

<ul>
<li>In December 2024, cargo volumes rose 32.5% YoY and 3.8% MoM. Q4 volumes grew 37% YoY, reaching 73,070 tons, while FY24 volumes exceeded guidance at 267,368 tons, up 41% YoY.</li>
<li>In FY24, revenues rose 47% YoY, and profits grew 39% YoY, driven by increased cargo volumes. The company will soon release its FY25 guidance, after which we'll update our estimates.</li>
<li>The stock is priced at 10.7xFY24 PE. Its 5-year average ROE is&gt;50%, and its dividend yield is 6.9%. Once the annual report is released, we will follow up with updates.</li>
</ul>


In December 2024, cargo volumes rose 32.5% YoY and 3.8% MoM. Q4 volumes grew 37% YoY, reaching 73,070 tons, while FY24 volumes exceeded guidance at 267,368 tons, up 41% YoY.
In FY24, revenues rose 47% YoY, and profits grew 39% YoY, driven by increased cargo volumes. The company will soon release its FY25 guidance, after which we'll update our estimates.
The stock is priced at 10.7xFY24 PE. Its 5-year average ROE is&gt;50%, and its dividend yield is 6.9%. Once the annual report is released, we will follow up with updates.


Saigon Cargo Services (SCS VN): Q4 2024 And FY24 Analysis, Updates and More