Company Report

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

2Q results looking to beat consensus

2Q earnings could reach VND2,700 billion, up 32% yoy

New ship purchases delayed to 2H