VIC reported H1 2020 results with net revenue reaching VND38.6tn (USD1.7bn; -37% YoY) and NPAT-MI dropping 4% YoY to VND2.3tn (USD100.2mn), which were equivalent to 28% and 31% of our respective 2020F forecasts as stated in our last update report, VIC [OUTPERFORM +17.9%] - Vinhomes’ sales on track, VinFast building market share, dated June 3, 2020.