Consolidated Financial Statement as of Q4 2020

Market commentary: The VN-Index fluctuated around the reference level The VN-Index closed 0.9pts down to 1,063.8pts as selling pressure against Banking large-cap stocks. Following the recovery in late previous trading session, the market had a positive start with a gap…

Domestic swine price increased 10.9% mom in May, reaching the highest level since the beginning of the year. We expect meat producers to record better results from FY23F regarding higher average swine price and lower input cost. We keep BAF…

1Q23 net profit (NP) declined by 12.5% yoy to VND1.2tr, fulfilling 26% of our full-year forecast. Given solid 1Q23 results, we maintain our FY23-24F earnings forecasts at VND4.9tr/5.6tr, respectively, which imply solid earnings growth of 8%/16% from high base in…