Analyst Pin-board: QNS – 1H2020 review and 2H2020 outlook
1H2020 review – Results hit hard by Covid-19 while soy milk market share increased slightly.
For 1H2020, consolidated revenue and NPAT declined to VND 3248 bn (-20% YoY) and VND 437 bn (-16% YoY).
Soymilk - Soymilk consumption was affected by Covid-19 as it is not considered an important product like dairy
Per management, Vietnam soymilk consumption dropped by 10% in 1H2020, which is equivalent to the drop in selling volume of QNS. Nevertheless, the company’s market share increased slightly to above 85% from 84% by YE2019.
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.