MSN reported 9M 2020 results with revenue surging 111% YoY (H1 2020: 103% YoY) while recording recurring NPAT-MI of VND88bn (USD3.8mn; -96% YoY) vs H1 2020’s VND117bn (USD5mn; -94% YoY). Revenue was lifted by Masan Consumer Holdings (MCH) and Masan Meat Life (MML) as well as the consolidation of VCM (grocery retailing) and newly acquired tungsten unit H.C.Starck (HCS). Recurring NPAT-MI was dragged by VCM’s loss, higher minority interest at MCH that resulted from the acquisition of VCM,