VCSC Daily - Stocks slump to five-week low - DXG, SSI, STB, PNJ, HT1, VCB, MWG, TCM, LTG
DXG: Lack of handovers drags on Q2 2017; stellar growth still on track for FY2017. DXG announced Q2 2017 results, in which net revenue and NPAT-MI dropped 62% and 57% vs Q2 2016, respectively. This was largely driven by negligible deliveries of completed units as 2016 pre-sold units are still under construction. As a result, H1 2017 top line fell 19% vs H1 2016 to reach VND879 billion (USD39 million).