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
SBV returns to net injections as credit growth hits a record high
Market commentary: Narrowing losses
Derivatives: Liquidity surges
Chart of the day: Awaiting trend confirmation signals
Derivatives: Unexpected correction
Market commentary: Market reversal
Derivatives: Upward momentum slows
