We attended VHC’s online investor meeting today. The meeting, which focused on Q1 2020 results and the 2020 business outlook, was attended by more than 40 investors and analysts. In Q1 2020, VHC’s revenue slid 9% YoY while its NPAT-MI plunged 51% YoY due to a lower fillet ASP and a deterioration in pangasius demand from China due to the COVID-19 outbreak.
- VHC said the escalation of COVID-19 in the US would continue to depress its results in Q2 2020. Nevertheless, it expects Chinese demand