SKG [NOT RATED] - Further recovery of tourism to support earnings - Company Visit Note
  • 2023-06-15T00:00:00
  • Company Research

- Superdong – Kien Giang Fast Ferry JSC (HOSE: SKG) is a leading provider of speedboat services based in Kien Giang Province.   

- SKG’s Q1 2023 NPAT surged 235% YoY, which was driven by (1) passenger volume recovering post COVID-19, (2) lower fuel costs, (3) interest income, and (4) income from ferry liquidation.

- In 2023, we expect SKG to benefit from the further recovery of Vietnam’s tourism industry. SKG has planned to upgrade/expand its vessel fleet and restore/open additional routes to capture rising travel demand in the Mekong Delta.  

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