Analyst Pin-board The Covid-19 epidemic negatively affected the Loc Troi Group
Rice segment had positive changes
Rice revenue in 1Q-2020 decreased compared to the same period as LTG no longer sold un-branded rice and exported rice revenue decreased. The gross profit margin (GPM) of the rice segment is estimated to increase compared to Q1-2019 as the proportion of exported rice (low GPM) decreases. Meanwhile, the domestic rice GPM is expected to improve sharply as LTG only focuses on selling branded rice which has higher profitability than non-branded rice (stopped selling since Q3-2019).
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