External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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.

External broker reports(aggregated public sources)

Equity Bottom-Up

TNG Investment & Trading Jsc / Equity Bottom-Up

<ul><li>Growth in revenue maintained, but profit margins narrow: In 2Q23, TNG’s revenue saw a modest rise of 0.6% YoY, to VND1,995.1bn.</li><li>However, gross margin declined amid weak demand, with gross profit down by 23.6% YoY.</li><li>Interest expenses rose, due to high interest rates, while the company showed good control over SG&amp;A. </li></ul><div class="content-highlight"><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></div>

Growth in revenue maintained, but profit margins narrow: In 2Q23, TNG’s revenue saw a modest rise of 0.6% YoY, to VND1,995.1bn.However, gross margin declined amid weak demand, with gross profit down by 23.6% YoY.Interest expenses rose, due to high interest rates, while the company showed good control over SG&amp;A. 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.

TNG Investment and Trading JSC (TNG VN/Hold/TP: VND21,700) - Profit margins drop 