Title | VHC Update report - OUTPERFORM - Strong growth across all business segments |
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Category: | Company Report |
Source: | Bao Viet Securities |
Industry: | Consumer Goods |
Business: | Vinh Hoan Corporation |
Detail: |
14/03/2024
10
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English
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Summary: |
BVSC employs a weighted approach, utilizing 60% DCF and 40% P/E multiples to derive a target price of VND 90,028/share for VHC. As of March 11th, 2024, VHC closed at VND 74,800, indicating a potential upside of 20.4%. Consequently, we assign an OUTPERFORM rating to VHC at this price target. The stock is particularly compelling in the fisheries sector due to: (1) the expectation of recovery of the Pangasius industry from the lows of 2023; and (2) the story of expanding the ecosystem to products other than pangasius (Agriculture products, animal feed, C&G, Sa Giang, etc.) in the medium and long term. ………………………………………………………………............. Please find the attached file below. |