Song Hong Garment JSC (HoSE: MSH) recorded VND1,440bn in 2Q22 revenue (20.0% yoy) and VND85.2bn in net profit (-31.5% yoy), below VNDirect’s forecast.
Although the gross margin of textile and garment businesses fell 0.3% in the second quarter of this year, it is predicted to grow in the fourth quarter.
Vietnam’s textile and garment sector has showed positive signs of recovery. What are the best textile and garment stocks to watch?
In 2021, by maintaining market share in major export markets, Vietnam's textile industry is expected to continue benefiting from newly implemented free trade agreements.
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