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
Derivatives: Sideways trend?
Market commentary: Positive sentiment returns
TCB – Earnings review- [HOLD]- Underwhelming earnings growth in 1Q25
Market commentary: Foreigners net buying
Derivatives: Rising volatility
Market commentary: “VIC” hits floor price
Derivatives: Short-term caution
