- TLG announced Q2 2022 revenue of VND1.1tn (USD46.7mn; +45% YoY and +37% QoQ) and NPAT-MI of VND186bn (USD8.0mn; +104% YoY and +62% QoQ). - We note that Q2 and Q3 normally is TLG’s high season (back-to-school season). Sales of TLG in last year’s back-to-