SZC announced Q1 2023 results with revenue of VND63bn (USD2.7mn; -77% YoY) and NPAT-MI of VND12bn (USD0.5mn; -84% YoY), achieving 5% and 4% of our full-year forecasts, respectively. In Q1 2023, SZC’s revenue plunged 77% YoY, which was mainly driven by a 9