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VCSC Daily - Stocks dip, still end week higher - CTD, NLG, NT2, TCM, DRC, KDC, SCS, SMV

CTD: Strong backlog drives 24% NPAT-MI growth in 9M 2017 vs 9M 2016. We joined CTD’s analyst meeting today. Management disclosed that newly signed contracts reached VND21.3 trillion (USD934 million) in 9M 2017, which underpinned an end-September backlog of VND25.6 trillion (USD1.12 billion, up ~20-25% Y-o-Y).