Earnings Report /

Binh Dien Fertilizer: Positive outlook for 2022 but unlikely to continue in 2023

  • Stable gross margin in Q1 22 amid volatile raw materials

  • Flat ASP, decline in sales due to competition, weak purchasing power and potential new export tax policy

  • 2022 profit to grow but will be hard to maintain in 2023; recommend Hold with a TP of VND31,300

Vu Tran
Vu Tran

Oil & Gas, Fertilizers

Rong Viet
6 June 2022
Published byRong Viet


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