VNM - Conservative earnings guidance in 2023 - AGM Note
  • 25 Apr 2023
  • Company Research
We attended VNM’s online AGM on April 25. Our detailed takeaways are below. Profitability trend: In Q1 2023, VNM’s earnings declined YoY (the decline percentage has not been disclosed) as material costs used for production in the quarter were higher YoY b