Report

Analyst Pin-board:GMD - AGM note: Economy recession concerns clouds FY20 Outlook; Maintain TP

The FY20-21 outlook for GMD remains subdued as 1) the pandemic and its prolonged impacts will drag heavily on the cargo volume throughput, 2) the rise in competition in Hai Phong will likely further squeeze port operations’ profit margins while 3) the loss of Gemalink will be the key factor to follow closely next year.

Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Tung Do

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