Analyst Pin-board AST - 2019 AGM Update
Airport retailing segment: The company has opened 8 new point-of-sale (POS) in Vietnam, 5 at Cam Ranh, 1 in Van Don and 2 at Noi Bai. Retailing revenue was VND 552 billion (+ 42% yoy), higher than the average air passenger growth thanks to contributions from Da Nang International Airport's stores. Around 15 POSs (22% total number of POS) were opened in Da Nang in mid-2017 and that showed in 2018 results with gross profit reaching VND 355 billion (+ 50% yoy) and gross profit margins of 64.3% (+ 350bps yoy). The company is confident in its ability to extend its current leasing contracts with airport operators without significant increases in rental prices.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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