Analyst Pin-board: HAX – Expect A Slight Increase in 2Q 2019 Earnings
Although in 1Q 2019, HAX witnessed a 152% YoY increase in NPAT to VND 4.6 billion from the low base of same period last year, we consider 1Q 2019 earnings modest. Turning to 2Q 2019, we forecast an increase of 13% YoY in revenue, but a slight decrease in GPM, resulting in a small growth in its earnings.
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