BSR – Brief – [NONRATED] – 4Q24: Difficulties remain
4Q24 volume inched up 4% yoy per our estimates, at 2.1mn tonnes. Yet, revenue declined 14% yoy to VND36tn. 4Q24 gross profit turned positive but still poorly performed due to unfavorable crack spreads. 4Q24 NPAT was negative at -VND89bn.
Featured Analysis
Market commentary: Selling pressure at the start of the week
Upward pressure on USDVND persists
Market traders: Foreign net selling trend moderates
Derivatives: Testing the MA10
Market commentary: Demand re-emerges
Chart of the day: Bottom formation signals
Derivatives: Awaiting the next signal
