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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.

Despite the decent growth of revenue to VND2,168bn (+73% yoy) in 3Q22, NT2’s net profit dropped 27% yoy to VND199bn mostly due to the incurring of VND187bn from bad debt provision related to receivables from EPTC. Overall, the revenue and PAT in 9M22 were VND6,863bn (+52% yoy) and VND724bn (+75% yoy) and fulfilled 84%/155% its full year guidance.

BSR released its 3Q22 financial statement with revenue of VND39.6tn (+123.8% yoy, -24.5% qoq) driven by solid volume and selling prices hike. However, 3Q22 NPAT dropped sharply to VND479bn (- 95% qoq, -0.5% yoy) compared to the high base of all time in 2Q22 due to lower gasoline & diesel crack spreads and a surge in inventory provision (VND656bn in 3Q22 vs VND173bn in 3Q21).

In 3Q22, Petro Vietnam Fertilizer (DPM) recorded a decent business result vs 3Q21 but still lags behind when compared with 2Q22. DPM reported a revenue of VND3,885bn (+37.6% yoy, -22.5% qoq) and VND1,001bn NPAT (58.9% yoy, -25.2% qoq). 9M22 revenue and PBT were VND14,727bn (+91% yoy) and VND5,369bn (+200% yoy), fulfilling 85%/130% of the full-year guidance.

HPG’ revenue decreased 11.8% yoy to VND34,103bn in 3Q22 driven mainly by steel segment. The 3Q22 NPAT-MI posted a loss of VND1,784bn. In 3Q22, the revenue growth was negatively affected by lower average selling price (construction ASP: -10.8% qoq) and weak final-product sales volume given the low base in 3Q21 (+6.1% qoq, +8.5% yoy).

NKG’ revenue decreased significantly 41.3% yoy to VND4,424bn in 3Q22 driven mainly by the weak global demand. In which, the total export volume in 3Q22 dropped to 82,532 tonnes, -63.3% yoy, -52.4% qoq. The 3Q22 NPAT-MI posted a loss of VND418.6bn whilst the gross profit was negative.

Strongly recovered from lockdown period, VRE’s net revenue in 3Q22 rose sharply by 154.7% yoy to VND2tn. Net profit in 3Q22 increased by 3,156% yoy to VND794bn. GPM improved significantly from 17% in 3Q21 to 52% in 3Q22 due to deduction of rental fee to support lessees during Covid-19 in 3Q21. Up to 3Q22, VRE has respectively fulfilled 65% and 81% of revenue and NPAT guidance.