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    VNM   VN000000VNM8

VIETNAM DAIRY PRODUCTS JOINT STOCK COMPANY

(VNM)
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Vinamilk's Determination to Expand Its Brand Presence in Asia-Pacific Region to Achieve Annual Targets

12/03/2020 | 04:40am EDT

Vinamilk's international trade strategy in Asia-Pacific prioritizing for regional brand exposure and participation in new value chains are showing positive signs. This direction clearly demonstrates Vinamilk's dynamism and acumen, especially as Vietnam recently enters the Regional Comprehensive Economic Partnership Agreement (RCEP). While the Middle-East region is known as one of Vinamilk's solid export markets, Asia-Pacific is a potential market that Vinamilk has been continuously investing in. Currently, Vinamilk's products are present in all 15 countries under the RCEP. Fresh milk and yogurt products are well received by South East Asian consumers while the premium Vinamilk organic milk is increasingly popular in Singapore and Thailand. Moreover, keen to penetrate and expand to more developed markets such as Japan, Korea and China, Vinamilk is implementing 'bespoke' strategies on brand awareness, product diversity, and niche market tactics etc. Specifically, in 2020, Vinamilk's brought to the Korean market its innovative plant-based milk, milk tea, and coconut water, both on the traditional convenience store and e-commerce channels. Vinamilk, concurrently, is prioritizing for development in the China market by building its own brand and distributing Vinamilk key products such as condensed milk and yogurt in the local market. Along with its commitment to maintaining open markets for goods, services, and investments, RCEP creates a framework to simplify customs procedures and establish rules of origin, facilitate trade, and create a unified connection. Once implemented, the RCEP Agreement will provide its members advantageous opportunities to access a market with 2.2 billion consumers, including the ASEAN market and 5 countries in the Asia-Pacific region. RCEP is a crucial factor for businesses to take part in regional and global supply chains.


© S&P Capital IQ 2020
Stocks mentioned in the article
ChangeLast1st jan.
MSCI SINGAPORE (GDTR) -0.43% 6532.371 Real-time Quote.12.38%
VIETNAM DAIRY PRODUCTS JOINT STOCK COMPANY 0.35% 86400 End-of-day quote.-20.59%
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Financials
Sales 2021 60 982 B 2 683 M 2 683 M
Net income 2021 10 726 B 472 M 472 M
Net cash 2021 10 179 B 448 M 448 M
P/E ratio 2021 17,9x
Yield 2021 4,48%
Capitalization 180 572 B 7 921 M 7 945 M
EV / Sales 2021 2,79x
EV / Sales 2022 2,56x
Nbr of Employees 9 583
Free-Float 66,0%
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Mean consensus BUY
Number of Analysts 12
Last Close Price 86 400,00 VND
Average target price 108 091,67 VND
Spread / Average Target 25,1%
EPS Revisions
Managers and Directors
Lien Kieu Mai Chief Executive Officer & Director
Bang Tam Thi Le Chairman
Khanh Quoc Nguyen Chief Research & Development Officer
Thanh Truc Quang Le Co-Secretary & Director-Foreign Branch
Huong Thi Bui Chief HR & Administration Officer