Fast moving consumer goods (FMCG) Industry 2H2023 - THE EXPENSIVE INPUT COSTS PRESSURE HAS EASED SINCE 2H 2023
2023 demand is expected to be stable thanks to the cool down of inflation and supports from the Government. Of which, the sales is believed to recover quarter-over-quarter from Q1 to Q4. With the positive effect of lower input costs, we forecast that the margins of FMCG industry will expand in 2H2023.
The low-price raw materials have not been put into use in 1H2023
- 1H2023 sales decreased at a modest rate, of which, higher sales of Q2 offset weak sales of Q1 2023. However, the profits decreased at a higher rate than the revenue because of expensive input costs.
- Among FMCG stocks in the coverage list, only QNS will show positive YoY profit growth in 1H2023 owing to the support of sugar segment. The others, including VNM and MSN, describe negative YoY growth due to the high-priced raw materials inventory
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.