Analyst Pin-board Textile and garment industry – Positive growth in 1Q2022
|
· In 1Q-2022, Vietnam’s textile and garment export value grew 23% YoY to reach USD 8.8 Bn, driven by the strong pent-up demand after lockdown in many developed countries and the recovery of domestic production activities after the lockdown. Many companies (e.g. TCM, TNG, MSH) have received full orders until the end of 3Q2022. · The fashion industry is facing high material price pressure because of the Russia-Ukraine war and Shanghai lockdown. However, given by high demand from fashion brands, we expect these companies can increase their selling prices to maintain gross profit margin equal to the level of 2021. · In 2022, many companies set business guidance with positive profit growth. Companies which start operating new factories or book one-off revenue from the real estate segment in 2022 will also be the catalysts for these companies to see a surge in their 2022 business results. |
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.