Analyst Pin-board TRA – Maintaining positive growth despite strict social distancing measures in 3Q
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· Revenue and NPAT in 9M are estimated at VND 1,585 billion (+21% YoY) and VND 195 billion (+38% YoY), completing 75% and 81% of the annual plan, respectively. · Although strict measures were applied in key cities, Traphaco still performed well in 3Q. The company anticipates revenue and NPAT to be 560 billion VND (+22% YoY) and 70 billion VND (+37% YoY), respectively in 3Q2021. · The company sets an average annual growth target of 15% during the 2020-2025 period. Having high-quality products and a strong brand name, the herbal medicine segment will still be the main growth driver. · The synthetic medicine segment can gradually play a more important role owing to the new factory and products transferred from Deawoong. |
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