CNG – Brief – [NONRATED] – 3Q24: Disappointing bottom-line earnings
CNG’s 3Q24 top line saw decent growth, with selling volume increased by 24% and revenue upped by 26% yoy. However, the bottom-line NPAT declined by 7.6% owing to a poor-performing gross margin and higher SG&A. We also note that there is rising risks that gross margin can continue to remain low in upcoming periods.
Featured Analysis
Derivatives: Short-term downtrend
Market commentary: Selling pressure dominated
Fund flow: Outflow pressure weakened
Market Trader: Proprietary trading marks six-week net buying streak
Derivatives: Hammer candlestick
Market commentary: Bottom fishing demand
Covered warrant: Liquidity declined
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