NLG posted 9M 2019 results with net revenue of VND1.3tn (USD58mn, -52% YoY) and NPAT-MI of VND412bn (USD18mn, -35% YoY). We foresee no significant change to our 2019F forecast of VND3.9tn (USD170mn, +12% YoY) in revenue and VND951bn (USD41mn, +25% YoY) in