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VCSC Daily - Large caps, banks lead sell-off – DPM, HPG, MSN, QNS, VJC

Market Commentary

17 Jul 2017

DPM: H1 earnings depressed on weak sales volume and rising input cost. H1 2017 revenue and PBT declined 5.0% YoY and 44.6% YoY, to VND4.3 trillion (USD189 million) and VND541 billion (USD24 million), respectively. The dismal results were attributed to (1) Urea sales volume dropping 5.6% YoY and (2) Urea selling price increasing slightly by 2.5% YoY but (3) Input gas price rose by 45% YoY along with the oil price recovery.

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