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VCSC Daily - Stocks cool off; HDB jumps on first trading day - DXG, PVOil

DXG: Strong 2017 preliminary results with 40% earnings growth reinforces our optimistic 2018 forecasts. DXG reported solid 2017 preliminary results as the top line rose +20% YoY to reach VND3.0 trillion (USD131 million) and NPAT-MI jumped +40% YoY to VND750 billion (USD33 million). In 2017, earnings growth outpaced revenue mainly due to higher margin hand-over units across projects and more wholesale brokerage service revenues vs 2016.