Monthly Recap October 2014 - Prelim 3Q results – Oil prices collapse – EU & JPY – Initiate: DXG (MP), Buy NBB and PVS
  • 2014-11-03T00:00:00
  • Strategy
Prelim 3Q results are mostly in-line with a few small surprises. The collapse in global oil prices has kept inflation well grounded but investors are concerned on oil&gas companies’ growth prospects. Declines in the EU and JPY against a relatively stable VND has translated to positive foreign currency translation gains for companies with heavy loan exposure like BCC, HT1 and PPC.