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[FiinPro Data] Earnings Update

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Based on data from 894/1615 Listed Companies officially announced 2Q2019 business results on 3 Exchanges, (645/766 Companies on HoSE and HNX), we summarized and updated as follows:

Overview: Revenue growth is 6.7% and Total Attribute to parents company’s growth is 10.4% over the same period. However, the rate excluding Banks and Insurance sector are only 4.7% and 4.9% respectively.
By Industry: Sectors with highest Attribute to parents company growth over the same period were: Real Estate (67.13%), Telecommunications (42.11%), Retail (39.52%), Banks (25.9%).
Real estate: After VIC and VHM (accounting for 69% of total real estate capitalization) published their report with the growth rate of Attribute to parents company of 687.5% and 75.3% respectively, The whole real estate industry grew up to 67.1%, on top of the market. If VHM and VIC are not included, the real estate industry has net profit growth of only 24.5% over the same period. In addition, the industry EBITDA also increased by 72.8% over the same period.
Bank: All listed banks published report. Total Attribute to parents company of listed banks announced an increase of 25.9% compared to the same period last year.
Oil and gas: Profit growth was only 8.29% over the same period. The main reason is that PLX (accounting for nearly 72% of the industry's capitalization) slightly decreased by 3.42% of Attribute to parents company compared to the same period.
Insurance: A special case when the largest company in the industry BVH (accounting for over 70% of the industry cap) decreased by 23% compared to the same period, as a result, the industry growth went down from 66.5% to only 12.29%
Retail: Retail sector has impressive growth of 39.52% thanks to major companies like MWG, DGW with high profit growth of 47.44% and 55.1% respectively.

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[FiinPro Data] Earnings Update

  1. 1. FiinPro Data Release #2: Earnings Announcements 2Q2019 (Updated to 12:00, 5th Aug, 2019) FiinPro Client Advisors, FiinGroup Ha Noi| 05th Aug, 2019
  2. 2. 2Financial Information | Business Information | Industry Research Summary Overview: Revenue growth is 6.7% and Total Attribute to parents company’s growth is 10.4% over the same period. However, the rate excluding Banks and Insurance sector are only 4.7% and 4.9% respectively. By Industry: Sectors with highest Attribute to parents company growth over the same period were: Real Estate (67.13%), Telecommunications (42.11%), Retail (39.52%), Banks (25.9%). • Real estate: After VIC and VHM (accounting for 69% of total real estate capitalization) published their report with the growth rate of Attribute to parents company of 687.5% and 75.3% respectively, The whole real estate industry grew up to 67.1%, on top of the market. If VHM and VIC are not included, the real estate industry has net profit growth of only 24.5% over the same period. In addition, the industry EBITDA also increased by 72.8% over the same period. • Bank: All listed banks published report. Total Attribute to parents company of listed banks announced an increase of 25.9% compared to the same period last year. • Oil and gas: Profit growth was only 8.29% over the same period. The main reason is that PLX (accounting for nearly 72% of the industry's capitalization) slightly decreased by 3.42% of Attribute to parents company compared to the same period. • Insurance: A special case when the largest company in the industry BVH (accounting for over 70% of the industry cap) decreased by 23% compared to the same period, as a result, the industry growth went down from 66.5% to only 12.29% • Retail: Retail sector has impressive growth of 39.52% thanks to major companies like MWG, DGW with high profit growth of 47.44% and 55.1% respectively. Based on data from 894/1615 Listed Companies officially announced 2Q2019 business results on 3 Exchanges, (645/766 Companies on HoSE and HNX), we summarized and updated as follows:
  3. 3. 3Financial Information | Business Information | Industry Research Attribute to parents company growth rate of 894 Companies As of 12pm, August 5nd, there were a total of 894 enterprises posted financial statements (accounting for 89.8% of market capitalization on 3 Exchange). Total Attribute to parents company increased by 10.37% in 2Q2019 compared to the same period. 67.1% 42.1% 39.5% 25.9% 17.7% 12.3% 8.3% 3.2% 0.1% -0.6% -1.4% -1.7% -10.9% -11.8% -13.1% -14.1% -21.1% -21.5% -61.6% 4.9% 10.4% 867 894 -1000 -800 -600 -400 -200 0 200 400 600 800 1000 -80.0% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 2Q2019 Attribute to parents company Growth rate (YoY) Profit Growth Rate No. of reported companies Source: FiinPro Platform Note: Total (*) excludes all listed Banks and Insurance Compamies
  4. 4. 4Financial Information | Business Information | Industry Research Considering the results of the first half 2019, Real Estate and Telecommunications are the two leading sectors with the growth rate of 31.4% and 29.9% over the same period. Attribute to parents company over the market increased by 4.7% and P/E reached 16.0. Attribute to parents company growth rate of 894 Companies 31.4%29.9%28.3% 20.3%20.1%19.2%18.5% 2.1% 0.3% -0.9% -1.6% -7.5% -9.5% -9.8%-10.3% -14.0% -30.3% -33.4%-34.9% -0.4% 4.7% 22.4 12.8 10.6 15.3 11.6 8.6 11.3 13.2 17.9 9.0 14.9 10.2 15.0 21.4 27.1 6.1 11.5 38.3 9.7 17.7 16.0 -50.0 -40.0 -30.0 -20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 6M2019 Attribute to parents company rate (YoY) Profit Growth rate PE Source: FiinPro Platform Note: Total (*) excludes all listed Banks and Insurance Compamies The number of 6 months (6M) is calculated by sum of 1Q & 2Q
  5. 5. 5Financial Information | Business Information | Industry Research Sector Market Cap (02/08/2019) Number of Companies Profit Growth rate over same period 3Q2018 4Q2018 1Q2019 2Q2019 Oil & Gas 105,782.88 7 21.83% 17.80% 36.51% 8.29% Chemicals 43,798.53 43 10.07% 27.68% -3.33% -21.15% Basic Resources 113,752.81 68 -20.33% -47.27% -45.80% -10.90% Construction & Materials 127,754.44 177 -6.85% -19.46% 2.41% -13.09% Industrial Goods & Services 373,566.66 135 23.59% 32.39% -2.16% -0.63% Automobiles & Parts 8,175.25 10 76.57% 14.21% 54.99% 0.15% Food & Beverage 667,697.89 76 9.41% -5.41% 5.27% -21.49% Personal & Household Goods 46,001.44 41 14.35% 5.16% 5.82% -1.37% Health Care 37,878.34 26 9.05% 16.74% 0.96% 3.20% Retail 56,390.98 17 7.34% 43.02% 20.95% 39.52% Media 27,581.52 25 117.45% 125.60% 8.68% -61.56% Travel & Leisure 156,765.87 29 -12.15% 2.43% 6.10% -11.85% Telecommunications 10,475.66 3 22.23% 34.26% 13.57% 42.11% Utilities 352,670.55 83 -8.34% -15.57% 6.65% -1.71% Real Estate 974,527.67 73 72.80% 76.80% -2.87% 67.13% Financial Services 45,247.97 34 53.07% -23.04% -45.58% -14.07% Technology 41,125.25 20 22.40% -35.27% 23.04% 17.69% Total (*) 3,189,193.71 867 14.26% 6.51% -2.19% 4.85% Insurance 77,821.35 9 -2.91% -21.27% 19.69% 12.29% Banks 832,509.12 18 15.90% 11.84% 11.99% 25.90% Total 4,099,524.18 894 14.50% 7.64% 2.35% 10.37% Attribute to parents company growth by Industry Excluding the Bank and Insurance Sector, total Attribute to parents company of the whole market in 2Q2019 increased by 4.85% over the same period. Source: FiinPro Platform Note: Total (*) excludes all listed Banks and Insurance Compamies
  6. 6. 6Financial Information | Business Information | Industry Research No Ticker Name Exchange Close Adjusted Trading Date: 2019-08-02 (VND) % Price change 6 months Trading Date: 2019-08-02 (%) Market Cap (TTM Ratios) Trading Date: 2019-08-02 (VNDbn) PE (TTM Ratios) Trading date: 2019-08- 02 EPS (TTM Ratios) Profit Growth rate 2Q2019 (%) Completio n rate (%) 1 NCP TKV - Cam Pha Thermal Power UPCOM 8,028 167.60% 1,581.36 -11.6 -706 117.5% 1490.5% 2 QNS Quang Ngai Sugar UPCOM 31,308 -10.76% 11,175.08 9.3 3,366 -6.5% 261.4% 3 SID Saigon Co.op Investment UPCOM 15,000 -8.33% 1,500.00 21.3 705 -28.8% 250.2% 4 VNB Vietnam Books UPCOM 15,792 -3.12% 1,072.26 12.3 1,300 364.8% 230.4% 5 DGC Ducgiang Chemicals HNX 31,600 -11.91% 3,917.54 5.0 6,334 1213.4% 182.1% 6 HND Hai Phong Thermal power UPCOM 13,837 48.06% 6,918.50 11.2 1,237 57.0% 179.2% 7 VCW Song Da Water Investment UPCOM 32,500 1.72% 2,437.50 9.8 3,314 31.0% 167.6% 8 NBB 577 CORP HOSE 21,400 5.94% 1,997.07 5.7 3,724 507.0% 152.0% 9 DVN Vietnam Pharmaceutical UPCOM 13,436 -15.78% 3,184.33 15.4 868 9.9% 118.7% 10 FTS FPT Securities HOSE 12,600 -16.45% 1,515.07 2.6 4,764 67.8% 116.5% 11 BHN HABECO HOSE 94,000 12.04% 21,789.20 40.7 2,312 1.1% 108.2% 12 DTK Vinacomin Power UPCOM 11,200 0.45% 7,616.00 17.2 696 16.3% 104.1% 13 PVS Petroleum Technical Services HNX 21,900 18.38% 10,467.46 9.3 2,345 15.6% 100.9% 14 CAG An Giang Port HNX 117,800 0.17% 1,625.64 368.0 320 47.5% 100.0% 15 GEG Gia Lai Electricity UPCOM 26,446 77.92% 5,392.12 25.5 1,045 99.0% 97.3% 16 PPC Pha Lai Thermal Power HOSE 25,150 15.61% 8,063.42 7.9 3,193 -18.4% 93.4% 17 D2D Industrial Urban Development No.2 HOSE 87,500 136.41% 1,864.62 13.6 6,447 106.7% 93.3% 18 PVT PVTrans HOSE 18,300 7.65% 5,150.35 7.4 2,469 16.6% 92.9% 19 LGC CII Bridges and Roads HOSE 39,450 11.76% 7,608.12 24.3 1,622 129.6% 69.8% 20 VLC Vietnam LiveStock UPCOM 17,273 -6.63% 1,089.94 12.1 1,417 -39.9% 60.9% Top 20 businesses reached over 50% of profit plan There are 754 enterprises reported positive profit in 2Q2019, reaching 84.3% of the total number of enterprises announced. Many large enterprises have completed over 100% of the year profit plan. Top 20 Enterprises (Capitalization over 1000 billion) have the highest completion rate of 2019 profit plan Source: FiinPro Platform
  7. 7. 7Financial Information | Business Information | Industry Research Real estate industry: Business results prospered again Revenue and key indicators of the real estate industry went up in 2Q2019. Apart from VIC and VHM, which profit was extraodinary, the most outstanding among the remaining companies were: NTL (Profit was 10 times higher than the same period), LDG (increased by 567%), D2D (141%), DXG (119%) Source: FiinPro Platform 52.39% Sales EBIT, 100.78% 15.06% 41.52% 20.21% 23.42% 43.84% -18.14% 117.66% 28.63% 71.93% 122.48% 63.73% 78.53% -2.86% Profit 67.23% -100.00% -50.00% 0.00% 50.00% 100.00% 150.00% 200.00% Real Estate Sector – Sales & Profit Growth Sales Growth EBIT growth Profit Growth
  8. 8. 8Financial Information | Business Information | Industry Research 32.56% 45.07% 49.24% 73.44% 37.24% 61.18% 133.75% 55.56% 29.51% 64.72% -2.54% 3.11% -27.02% EBTIDA 2Q2019 72.82% 1.61 1.67 1.97 1.87 1.93 1.76 1.74 1.81 1.72 1.58 1.57 1.52 1.58 D/E 2Q2019 1.47 0.00 0.50 1.00 1.50 2.00 2.50 -40.00% -20.00% 0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00% 140.00% EBITDA growth rate - D/E EBITDA growth D/E Real estate industry: EBITDA increase sharply again thanks to VIC and VHM EBITDA this Quarter experienced a high growth of 72.82% over the same period. Some stocks with breakthrough EBITDA growth such as D11, RCL, EIN, FIR. D/E stopped at 1.47, typically, DLR (Da Lat Real Estate) suffered the lack of operating capital, while borrowing was 60 times higher than equity, led to high interest expense. Real estate EBITDA improved than previous. However, the ratio of debt/equity of real estate group slightly dropped to 1.47 (still higher than 1.33 when not accounting VIC and VHM). Source: FiinPro Platform
  9. 9. 9Financial Information | Business Information | Industry Research Banking industry: Completion rate of profit plan 2019 Source FiinPro Platform There were 18 banks announcing 2Q2019 financial statements, but only 10/18 banks recorded profit after tax increased over the same period last year. VCB continued to record huge profits, Attribute to parents company increased by 49% over the same period, while BID decreased by 7.6% over the same period 56.72% 56.68% 55.22% 53.54% 51.40% 50.85% 50.60% 49.78% 48.53% 48.14% 47.55% 46.43% 45.83% 45.67% 43.70% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 VCB CTG STB VIB MBB SHB TPB ACB KLB TCB BAB BID VBB VPB HDB VNDbn Banks profit completion rate 6M2019 Profit plan Profit 6M2019 Completion rate
  10. 10. 10Financial Information | Business Information | Industry Research Banking industry: NPL group 3-5 increased slightly If include banks on OTC, the second quarter of the banks sector recorded revenue growth of 17.98%. However, bad debt increased slightly (12.7% over the same period). Some banks with increased 3-5 NPLs such as BIDV, SHB, TPB, especially state-owned banks, BIDV have bad debts of VND 21,120.5 billion, up 12.33% compared to the beginning of the year. Source: FiinPro Platform Bank: High profit growth, total net profit of listed banks announced an increase of 25.37% compared to the same period last year. 12.41% -1.52% 32.61% 18.63% 39.49% 36.93% 10.01% 33.72% 6.04% 11.04% 0.85% 13.00% 15.54% 12.58% Bad debt up to 12.71% -5.00% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% 45.00% Banks growth rate 2Q2019 (YoY) Credit growth Bad debt growth (group 3-5)
  11. 11. 11Financial Information | Business Information | Industry Research Main Database coverage:  Data of 3000+ public companies  Price Data, Corporate Actions and Financial data  Industry Data  Macroeconomic Data  IPO Data  Powerful Investment and Analytic Tools  Various Exclusive Data and Content All data in this report are extracted and summarized from the FiinPro Platform You can immediately experience FiinPro following the steps as instructed on the next pages
  12. 12. 12Financial Information | Business Information | Industry Research How to extract data from FiinPro All the above data is compiled from FiinPro. Customers can quickly update daily business results by following steps: 1. Select tab Data Explorer  Company Data Explorer Source: FiinPro Platform
  13. 13. 13Financial Information | Business Information | Industry Research 2. Select Exchange: VNIndex on HoSE, HNXIndex on HNX and UPCOM How to extract data from FiinPro Source: FiinPro Platform
  14. 14. 14Financial Information | Business Information | Industry Research 3. Select Indicators: Choose Indicators >> Financial Statements >> Income Statement >> Sales or type into Search box. How to extract data from FiinPro Source: FiinPro Platform
  15. 15. 15Financial Information | Business Information | Industry Research 4. Choose Period We can add more indicators with the same period by double click on the indicator name on the left. How to extract data from FiinPro Source: FiinPro Platform
  16. 16. 16Financial Information | Business Information | Industry Research 5. Click Load data to see results and Export Excel for saving. Moreover, we can Save Template for the next time. Source: FiinPro Platform How to extract data from FiinPro
  17. 17. 17Financial Information | Business Information | Industry Research Customer can use Earnings template designed by FiinGroup. Select Data Explorer  Company Data Explorer  Stoxplus Template  Earnings How to extract data from FiinPro Source: FiinPro Platform
  18. 18. 18Financial Information | Business Information | Industry Research Establish conditions such as: Report Period (Quarter/Year), Report Type (Consolidated/Parent Company), Reporting Form, etc ... And select stocks by Exchange, Industry or Created Group. Source: FiinPro Platform How to extract data from FiinPro
  19. 19. 19Financial Information | Business Information | Industry Research Click OK, The results obtained are complete data of Balance Sheet, Income Statements, Cash flow statement and Note of FS of selected stocks. Source: FiinPro Platform How to extract data from FiinPro
  20. 20. 20Financial Information | Business Information | Industry Research With Refresh data feature of Excel, customers can update the Data Template daily without reopening FiinPro. The steps are as follows: >> Open Excel file exported from FiinPro >> Choose Data Tools >> Click Refresh Data How to extract data from FiinPro Source: FiinPro Platform
  21. 21. Ho Chi Minh City Branch 3rd Floor, Profomilk Plaza Building, 51-53 Vo Van Tan Street, Ward 6, District 3, Ho Chi Minh City, Vietnam Tel: +84 28 3933 3586/ 85 Email: info@fiingroup.vn Head Office 5th Floor, Anh Minh Building, 36 Hoang Cau Street, O Cho Dua Ward, Dong Da District, Hanoi, Vietnam Tel: +84 24 3562 6962 Email: info@fiingroup.vn

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