DHG published its 9M 2018 results, including net revenue of VND2.7tn (USD116mn, -1.5% YoY) and NPAT of VND450bn (USD19mn, -9.5% YoY). In-house product sales grew moderately by 6% vs a low 9M 2017 base on the back of sales force structure adjustments carried out during Q2 2018. These results are broadly in line with our expectation.