Q1 2024: Net sales were VND9.0tn (+17% YoY) and NPAT-MI was VND39bn (USD1.6mn; vs. net loss of USD200,000 in Q1 2023), equivalent to 23% and 79% of our respective full-year forecasts. Q1 NPAT-MI tracked ahead of our 2024F forecast mainly due to (1) a lowe