![Agricultural – [Non-rated] – Brief – Cashew brings the highest export value](https://kisvn.vn/en/wp-content/uploads/sites/2/2019/09/page-phantich-m.jpg)
29
November
According to the GSO estimate, in Nov, the total agriculture export value is USD1,882mn (+5% mom, +10% yoy). In which, the highest export value is cashew with USD458mn (+68% mom, +39% yoy), equivalent to 24% of total agriculture export value.
24
November
In Oct 2022, MWG’s net revenue fell by 11% yoy to VND10.9tn. Accumulating 10M22, MWG’s net revenue went up by 15% yoy to VND113.7tn and by 10M22, MWG has met 81% of the revenue guidance. BHX and An Khang would fail to meet the breakeven point in 4Q22F. MWG has delayed the breakeven timeline until 4Q23F, per management. MWG is estimated to meet the revenue target of VND140tn, however, NPAT may drop 10% yoy, fulfilling about 70% of the full-year guidance.
22
November
PNJ’s net revenue in Oct 2022 sharply rose by 42% yoy, 17% mom to VND3tn thanks to rising retail sale amid wedding season. Net profit in Oct 2022 increased 23% yoy to VND147bn thanks to the low base and upped 11% mom lower than the revenue growth. GPM in Oct 2022 fell 0.7%p yoy due to change in product mix, GPM in Oct 2022 also slightly decreased 0.2%p mom. Accumulating 10M22, revenue surged by 96% yoy to VND28.5tn, and NPAT shoot up by +118% yoy to VND1,487bn, correspondingly fulfilling 110.5% and 112.6% of guidance.
18
November
TNG released Oct financial statements on Nov 18, which delivered positive business results. Specifically, the company posted a revenue of VND569bn (+23% yoy, +2.3% mom) and a NPAT of VND25.9bn (+7% yoy, -1.5% mom). Overall, in 10M22, the company achieved VND5,829bn (+28% yoy) in revenue and VND256bn (+31% yoy) in NPAT, fulfilling 97% and 92% of its 2022F guidance, respectively.
18
November
We witnessed the continuing weak sales volume in Oct, which showed a significant drop in demand from both domestic and export channels.
17
November
In October, TCM posted solid business results with revenue of USD13.5mn (+17% yoy) and NPAT of USD0.8mn (+917% yoy mainly thanks to better cost management and removal of COVID-19 related cost incurred in Oct 2021). Overall, in 10M22, the company achieved USD156.4mn (+25% yoy) in revenue and USD9.8mn in NPAT (+99% yoy), fulfilling 88% and 91% of its 2022F guidance, respectively.
17
November
FPT released preliminary 10M22 business results with revenue of VND33.1tn (+24.4% yoy) and PBT of VND6.5tn (+24% yoy), fulfilling 83% and 85% of its 2022 guidance, respectively. For Oct 22, the company achieved revenue of VND4.1tn (+26.7% yoy), and VND791bn PBT (+25.2% yoy). Technology segment still dominated its position with revenue of VND20tn (+23.7% yoy) and PBT of VND 3.0tn (+25.8% yoy) in 10M22.
17
November
The October performance witnessed a slump in sales volume for both domestic and export markets. Total Oct steel sales volume posted 50,335 tonnes, falling by 53.6% yoy, 19.4% mom.
17
November
This monthly report on Vietnam steel production is intended to track the developments in the steel market. During Oct 22, we observed a significant decline in domestic sales volume while export sales volume was still sluggish.
15
March
Regarding the impact of the global commodity price surge on Vietnam CPI, we estimate that the current value of Brent price could push 2022 inflation to exceed the government target of 4%, mainly through the consumption channel. However, implementing well-established tools allows the Vietnam government to mitigate external shocks proactively. To sum up, we forecast that the global commodity surge would create temporary pressure on Vietnam inflation.
27
December
Key factors that drive the stock market to rise in 2022 include: (1) the Vietnam economy recovering and strong growth in 2022 and (2) new money will continue to flow into the stock market as new cash flows into stock markets and new money comes from capital flows of securities companies to margin.
09
November
A record plunge in Vietnam’s economy in 3Q21 has threatened economic prospects in the medium and long term growth. The government is standing in a right place to mitigate the lingering impact of the current outbreak and the next ones if they take appropriate actions in an appropriate timing and appropriate way. Recent macro and policy developments are signaling that the ongoing economic recovery would be smooth and sound, but it needs a booster shot, a sufficiently large fiscal relief package, to accelerate recovery momentum and help economic growth back on track. From our view, the “Economic Recovery and Development” fiscal support package, if successfully passed, would be a key to unlocking the full potential of the economic recovery.
26
July
Amid a widespread COVID-19 delta attack in the Southeast Asia region, Vietnam is stepping into the worst outbreak in both its health and economic impacts. Although the government actively deployed various solutions to follow the twin target that effectively controls the pandemic and promotes socio-economic development, the negative impact of economic recovery is inevitable. We predict that the COVID-19 economic impacts on domestic consumption and production levels would be partly reflected in oncoming macroeconomic updates under strict lockdowns nationwide.
18
June
Surging commodity prices and increasing inflation recently pose a considerable risk to global economic stability. However, the majority of global economists and monetary policymakers just saw this phenomenon as a transitory factor, and this trend would eventually reverse to a normal track in the medium- and long- term. Regarding Vietnam's situation, we saw a stable demand-supply balance in major commodities and well-controlled price conditions. The inflation shock in the near term, if it happens, would be expected to be transient and bear a little risk to the economic stability.
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