Company Report

PVPower’s (POW:HOSE) November electricity output reached 2,014 million kWh or 103% of the monthly target and pushed total output for 11 months to 20,642 million or 96% of the full-year target

Construction steel consumption reached 1-month highs

Azeri oil & MFO start up (BSR) - Improving business performance expected for 2020

VHC remains on track to meet its earnings guidance for 2019 as input prices for materials are expected to remain low for the last months of the year.

Leading real estate developer in Vietnam

SCS is currently the 2nd largest cargo terminal operator in Tan Son Nhat International Airport. In 6M/2019, revenue hit VND361.8 billion, gaining 15.1% yoy; NPAT hit VND239.8 billion, rising 20.9% yoy. The growth force comes from the investment in cargo terminal Phase 2, raising capacity to 350,000 tons/year. SCS has had a high dividend payout ratio Risks

Hoa Phat is a construction steel and steel pipe manufacturer with the largest market share in Vietnam. When the Dung Quat Hoa Phat Project is completed, Hoa Phat’s steel production will be tripled Large production scale and BOF technology help HPG save production costs Investment risks

Leading company in retailing and electronics with a business system spreading over 63 provinces DMX is the core business of MWG Bach Hoa Xanh is expected to the key force of growth for MWG in the future BHX sets a target to break even at stores and distribution center at the end of this year Risks are always existing

The total number of ship arrivals at Hai Phong ports in 6M 2019 decreased by 1.76% yoy. The competition among Hai Phong ports become fiercer In the long-term, Lach Huyen will be the focus of development in Hai Phong port area

Revenue in 1H2019 gained 5.1% yoy, NPAT rose 12.9% yoy, completing 109.4% profit plan of the year Revenue from crude oil transportation climbed 34.2% yoy in 1H2019 with a force from oil transportation to Nghi Son Refinery. Revenue from finished oil transportation climbed 15.3% yoy. Revenue from LPG transportation reached VND581 billion, equal to 48% revenue recorded in 2018. Revenue from coal transportation increased 33% yoy, GPM hit 12.8%, surging over the same period with only 7%.