{"id":17852,"date":"2023-02-28T08:50:26","date_gmt":"2023-02-28T01:50:26","guid":{"rendered":"https:\/\/gtht.com.vn\/?post_type=research&#038;p=17852"},"modified":"2023-02-28T08:50:26","modified_gmt":"2023-02-28T01:50:26","slug":"vea-equity-report_2022-financial-result-update","status":"publish","type":"research","link":"https:\/\/gtht.com.vn\/en\/research\/vea-equity-report_2022-financial-result-update\/","title":{"rendered":"VEA Equity Report_2022 Financial result update"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">\u2022 VEA announced Q4\/2022 financial results that are quite close to our estimation: Net profit increased strongly by 33.8% YoY to VN\u0110 2,512 billion \u2013 a record quarterly profit. For the whole year of 2022, VEA&#8217;s net revenue and net profit reached VN\u0110 4,748 billion (+18.1% YoY) and VN\u0110 7,602 billion (+32.2% yoy) respectively.<\/span><br \/>\n<span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">\u2022 Car and motorbike output exceeded our forecast. VEA&#8217;s profit from joint ventures in Q4\/2022 increased sharply by 38.6% YoY, reaching VN\u0110 2,369 billion. This good result was achieved by a strong recovery in car and motorcycle consumption.<\/span><br \/>\n<span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">\u2022 Automobile sale: Total sales from 3 joint ventures of VEA (Toyota, Honda and Ford) in Q4\/2022 reached 45,908 vehicles, equivalent to the same period.<\/span><br \/>\n<span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">\u2022 Motorcycle sale: Honda&#8217;s motorcycle sales in Q4 reached 715,118 units, up 14.6% YoY thanks to improved supply and customer demand. We recommend <strong>Buy<\/strong> for VEA stock. Our target price is <strong>VN\u011057,300\/share. <\/strong><\/span><\/p>\n","protected":false},"author":12,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-17852","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"<title>VEA Equity Report_2022 Financial result update - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtht.com.vn\/en\/research\/vea-equity-report_2022-financial-result-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VEA Equity Report_2022 Financial result update - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)\" \/>\n<meta property=\"og:description\" content=\"\u2022 VEA announced Q4\/2022 financial results that are quite close to our estimation: Net profit increased strongly by 33.8% YoY to VN\u0110 2,512 billion \u2013 a record quarterly profit. 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