Company Report

2Q loss but better outlook for 2H

VNIndex decreased as VN30 stocks gave back gains from the sharp increase in the ATC session yesterday, which was also the expiry of July futures

High dividend yields

June construction steel volumes up 35.5% YoY

Aims to double 2020E revenue

2020E earnings target looking for 24% YoY growth

Benefiting from dry weather

July export surge on completion of 1H delayed shipments

1H loss despite reversing 90% of 1Q’s inventory provision

Hinting at 2Q pretax earnings 32% ahead of consensus