Analyst Pin-board: NKG - 1Q2020 updates
1Q2020 results and 2020 preliminary plans
NKG’s operating performance improved strongly as net income increased from VND -101.6 billion in 1Q2019 to VND 41.5 billion in 1Q2020. Its gross margin rose noticeably from 0.0% in 1Q2019 to 8.6% in 1Q2020. NKG’s net income and gross margin were supported by a strong rise in HRC prices, which increased significantly to USD 520/ton in 1Q2020 after hitting a bottom at USD 420/ton in 4Q2019. However, its net income was hit by a foreign exchange loss of VND 35 billion, caused by a surge of roughly 1.7% in the USD/VND exchange rate.
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.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.