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PVT posted decent results in 3Q22 with revenue of VND2,330bn (+39% yoy) and NPAT of VND386bn (+152% yoy). Revenue grew strongly thanks to the growth of its core business – transportation (+45% yoy to VND1,807bn in 3Q22), which was driven by higher tanker rates and the contribution from newly-acquired tankers. Overall, in 9M22, the company achieved a VND6,609bn revenue (+25% yoy) and VND832bn NPAT (+38% yoy), fulfilling 102/173% of its 2022F guidance.

Loc Troi Group released 3Q22 results with mixed performance. Although revenue sharply fell 22.9% qoq, net profit significantly improved to VDN64bn vs a loss of VND44bn in 2Q22.

Vingroup reported its brisk 3Q22 NPATMI of VND946.8bn vs a loss of VND351.3bn despite a flattish revenue VND28.7tn, -4.4%% yoy and a shrinking blended gross margin (GM) of 20% (-18.8%). The encouraging NPATMI was driven by a VND9.9tn financial gain (6.5x yoy) from bulk sale transaction in Empire and Crown townhouse projects.

Vietnam Rubber Group released the 3Q22 on Oct 28, featuring a VND5,847.2bn revenue (-4.9% yoy, +5.1% qoq) and a VND835.1bn NPATMI (-32.7% yoy, -17.9% qoq). - 9M22 revenue slightly fell to VND16.3tn, -4.9% yoy while the NPATMI sustained to VND2.9tn, +3.2% yoy, fulfilling 62.2/69.2% of full-year guidance.

MSN posted VND19,523bn revenue (-17.3% yoy) and VND543bn NPAT-MI (-52.7% yoy) in 3Q22, and EBITDA margin was subdued by 2.1%p to 17.9%. Excluding the feed segment for a like-for-like (LFL) comparison, MSN recorded VND55.5tn revenue (+4.8% yoy) and VND3.1tn NPAT-MI (+47% yoy) in 9M22, fulfilling 58%/53% of 2022 guidance, 9M22 EBITDA margin reached 19.5% (vs 19.2% in 9M21).

In Sep 2022, MWG’s net revenue sharply surged by 27% yoy to VND10.5tn and net profit fell by 8% yoy to VND307bn. Revenue in 3Q22 surged 32% yoy to VND32tn while PAT rose 15% yoy to VND907bn thanks to the strong recover of ICT sales. Accumulating 9M22, MWG’s net revenue went up by 18% yoy to VND102.8tn and net profit edged up by 4% you to VND3.5tn. By 9M22, MWG has met 73%/55% of the revenue/NPAT guidance.

DXG introduces 3Q22 results with a VND1,255bn revenue and a VND259tn NPAT, featuring -3.7% yoy and +61.3% yoy. Nonetheless, profit before tax could shrink 50.1% yoy without a financial income from divesting a land lot of VND190.2bn. In the 9M22, DXG earned a VND4,597.1bn revenue, -41.2% yoy and a VND1,167.9bn profit before tax, -45.8% yoy, translating to fulfillment of 41.7/66.7% of revenue and PBT guidance.

Despite earning a goodwill income of VND1,269.7bn from acquiring 72.6% stake in Da Lat Valey JSC in 1Q22 other income and financial income from divesting stake of VND729bn in 3Q22, 9M22 revenue and NPAT dropped by 23.5%/19.4% yoy, fulfilling 21.9%/31.6% of their guidance. The management could adjust the 2022F guidance in next meeting.

Khang Dien House Trading and Investment JSC’s (KDH) 3Q22 revenue reached VND802.7bn, -33.1% yoy, +9.6% qoq thanks to the delivery of tens of units in Classia townhouse project. 3Q22 net profit slightly inched up by 11.1% yoy to VND351.6bn, on the back of a VND122.9 other income. Net debt skyrocketed to VND4,452bn (3.9x YTD), driving the net gearing to 38.1% as of end-3Q22 vs 10.9% as of end-4Q21

HSG’ revenue decreased significantly 49.7% yoy to VND7,939bn in 4QFY22 driven mainly by the weak global demand. In which, the total export volume in 4QFY22 dropped to 94,522 tonnes, -75.7% yoy, -58.9% qoq. The 4QFY22 NPAT-MI posted a loss of VND886.9bn whilst the gross profit was negative.