Analyst Pin-board: VHC – Update on 2019 results and 2020 forecast
In 2019, export prices have dropped sharply and the weak export to the US market significantly pulled down the company's revenue and profit. VHC recorded net revenue and profit before tax of VND 7,867 billion and VND 1,309 billion respectively, decreasing by 15% YoY and 22% YoY. Adjusted for abnormal revenues and financial expenses from divestments in 2018 and 2019, PBT from core operation in 2019 reached VND 1,203 billion, down 32% YoY.
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.
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