GEX – Weak Q4 & 2023 earnings due to VGC; downside risk to 2024F NPAT-MI projection – Earnings Flash
  • 31 Jan 2024
  • Company Research
GEX announced its Q4 2023 results with revenue of VND8.1tn (+10% YoY) and net loss of VND20bn vs net profit of VND73bn in Q4 2022. The divergence between the top-line and bottom-line growth can be primarily attributed to (1) a significantly lower gross pr