- BMP reported Q1 2023 revenue of VND1.4tn (USD61.0mn; +2% QoQ & +7% YoY), which was in line with our forecast. However, BMP’s Q1 2023 NPAT-MI was VND281bn (USD11.9mn; +13% QoQ & +120%YoY), which fulfilled 49% of our full-year forecast. - The strong NPAT-