Trinh Nguyen

Rong Viet

Analyst @ Rong Viet

Trinh Nguyen
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Vietnam steel: Benefiting from the after-effects of the pandemic

Coated steel consumption in Europe and North America has been stronger in Q1 21 due to expectations that economies will recover with Covid vaccine rollout. Many domestic producers will run their factories at full capacity until June to meet the robus...
Rong Viet Tu
Tu Pham @ Rong Viet 7 April 2021

Hoa Phat Group: High NPAT growth from HRC segment

HPG’s revenue, and NPAT increased by 42% and 79%, respectively owing to the additional construction steel and HRC capacity from Dung Quat Steel Complex, and the strong demand for steel billets and HRC. Finished construction steel, HRC, and steel pipe...
Rong Viet Tu
Tu Pham @ Rong Viet 6 April 2021

Nam Kim Steel: Benefits from rising steel prices and high overseas demand

H2 volume went up by 16% yoy to offset the 11% decrease in H1 volume as we believe the overall demand is recovering. We expect that NKG can produce at full capacity in 2021 and sell 800,000 tons of products, increasing by 14% yoy. Strong orders from ...
Rong Viet Tu
Tu Pham @ Rong Viet 29 March 2021

Power Construction No 1: Contribution from electricity and construction will offset real estate in 2021

Revenue in Q4 20 surged by 50% qoq and 58% yoy because of a surge in power construction. Gross profit was VND319bn, -5% qoq and +85% yoy due the to dry season in the North, leading to a fall in gross profit from electricity generation. Revenue from t...
Rong Viet Thao
Thao Nguyen @ Rong Viet 29 March 2021

Gia Lai Electricity: Slight increase in profit creates a low base for 2021 growth

Revenue reached VND534bn, +51% yoy from the expansion of rooftop solar power capacity to 30MW. Gross profit only slightly grew by 4% despite the strong growth in revenue. La Nina may have a little impact on volume yet the rooftop solar power full-yea...
Rong Viet Thao
Thao Nguyen @ Rong Viet 15 March 2021

SMC: Increasing steel price boosts net income to new peak in Q1

Despite Covid-19’s negative impact, sale volume increased by 2.4% yoy due to the recovery in the manufacturing and construction industry in H2 20. High profitability and sales volume in H2 supported annual NPAT, which reached VND300bn, up 211% yoy. W...
Rong Viet Tu
Tu Pham @ Rong Viet 11 March 2021

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Trinh Nguyen
Power Construction JSC No 1
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Lam Nguyen
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Hoa Phat Group