CNG – Earnings review – [HOLD] – 1Q25: Recovery is hitting a rough patch
1Q25 volume and revenue upped 35% yoy from the low base, fulfilling 88% and 83% of our forecast. Gross profit grew 69% yoy, fulfilling 68% of our forecast. NPAT was booked low at only VND 1.3bn, unchanged yoy.
Featured Analysis
Market commentary: Maintaining positive territory
Derivatives: Awaiting a breakout signal
Market commentary: Maintaining positive territory
Derivatives: Selling pressure at higher price levels
Market commentary: Green returns
Covered warrant: Sharp decline in liquidity
Feb 2026: High issuances on few issuers
