Title | 20161103_BSC_Vietnam Company Update_VN_VHL_ICB2350 (Eng) |
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Report Type | Báo cáo chuyên đề |
Source | BSC |
Industry | Basic Materials |
Bussiness | VHL |
Detail |
Date : 04/11/2016 Total pages : 3 Language : English File Type : .PDF FileSize : 494 Kb Download: 108 Download |
Vote | (You must be logged in to vote) |
Short Content |
Viglacera Ha Long Joint Stock Company specializes in manufacturing brick and tile, with 3 main products: bricks, tiles and flooring tiles (Cotto and Clinker). VHL growth in 4Q2016 and 2017 will mainly come from:
Note that, the fuel cost (coal and oil, accounting for 20% of total cost) tends to increase again, along with labor costs (15% total cost with Cotto, 30% with brick) increase due to the change in social insurance policies. The increase in those costs will affect the company's gross margin in the near future. Concentrated shareholder structure and relatively low liquidity with an average trading volume in 10 sessions of 17,022 shares are also minus points of the VHL stock. |