Report
EUR 1.14 For Business Accounts Only

NCT - Strong air freight outlook is key

​Noi Bai Cargo Terminal Services JSC (NCT-HSX) is the leading provider of air cargo services at Noi Bai Airport. The firm has leveraged on its established services quality and Vietnam Airlines support to set up a wide network of clients making up 60% market share at Noi Bai. The expansion of current MNCs projects (Samsung, LG display, Canon, Nokia) and new FDI inflow expect to sustain the 12-15% annual growth in air cargo in Northern Vietnam going to FY2020. However, NCT’s earnings outlook in short term would face headwinds with new joiner ALS in 2015.

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Viet Dragon Securities
Viet Dragon Securities

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