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: Late-session demand support
Derivatives: Cautious sentiment prevails
Market commentary: Divergent movements
Derivatives: Sustaining upward momentum
Market commentary: Continued gains
Market traders: Proprietary traders returned to net buying
Derivatives: Breakout session
