After a recovery in mid-April, the steel stock group, including Hòa Phát (HPG), Hoa Sen (HSG), and Nam Kim (NKG), has faced challenges due to external uncertainties. According to a report from NHSV, Hòa Phát is expected to have a post-tax profit of about 3.898 trillion VND in Q2, a 17.4% increase thanks to slight price adjustments and improved domestic consumption. Hoa Sen forecasts a profit of approximately 263 billion VND, down 3.7% due to reduced exports and rising costs. Meanwhile, Nam Kim anticipates a significant 27.5% drop in profit to 159 billion VND, impacted by tariffs in export markets and increased production costs. Thus, the business situation of these steel companies is under considerable pressure from various external factors.
Leave a Reply