CNG – Brief – [NONRATED] – Positive earnings thanks to less depreciation
In 1H24 CNG revenue declined by 7% yoy, reaching 1,472bn as selling volume declined by 13% yoy. Despite those, Gross profit and NPAT grew strongly respectively by 22% and 25% yoy, driven by depreciation which declined by 63% yoy.
Featured Analysis
HDG – Brief – [NONRATED] – NPAT boosted by drop in interest expenses
VJC – Brief – [NONRATED] – Strong core business, new supplying incoming
Seafood: Pangasius market – Indepth – [Overweight] – The tide is turning
VCB- Earnings review-[BUY]- Enhancing asset quality
POW – Earnings review – [HOLD] – Positive results from the low base
HVN – Brief – [NONRATED] – Debt write-off saved bottom line
MWG – Brief – [HOLD] – BHX would open 50 – 100 stores in 2H24F
