24
October
VHM-Brief-[BUY]-9M23 beat the full-year target
On Oct 24, we attended VHM’s 3Q23, and the presentation covered how the “King” fared better. VHM announced the 3Q23 results with a VND32.5tn revenue (82.6% yoy) and a VND10.7tn NPATMI (-26.2% yoy) in light of the absence of bulk sale transaction in financial income of VND10.9tn in 3Q22. VHM rock the market with its 9M23 revenue of VND94.tn, and NPAT of VND32.4tn, completion of 94/106% of their full-year estimate.