Textile & Apparel: 1Q20 update: Tough time to linger – Update
- As at 15 Apr, the year-to-date Vietnam’s garment export value fell 6.0% yoy, while fibre and yarn export value slumped 6.6% yoy.
- T&A might be hit more severely in 2Q20F from demand side, in our view.
- Among T&A stocks, our top pick is STK thanks to its solid position to recover post-pandemic.
Please follow this link for the full report
You Might Be Interested
Sector note
6
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…
Sector note
13
Most of listed infra construction companies recorded positive revenue growth in 1Q23 and but their net margin dropped yoy mainly due to a lack of one-off gained profit and higher interest expenses. Expectations of strong public investment disbursement and high…
Sector note
40
In 15 May 2023, the Power Development Plan 8 (PDP8) was officially approved, opening up a new chapter for Vietnam power sector. Under the strong energy transition scenario, large financial pressure to meet demand for power development. We see M&E…