GMD announced its 9M 2024 results with net revenue of VND3.4tn (USD136.8mn; +22% YoY; 83% of our 2024F forecast) and NPAT-MI of VND1.2tn (USD49mn; -42% YoY; 85% of our 2024F forecast). Excluding the financial gains from divestments, 9M core NPAT-MI reache