Published Date: 15/04/2025
- Swine prices in 2025–26 is expected to remain elevated at VND 65,000–70,000/kg (+10% compared to the 2024 average), driven by a decline in smallholder farmers’ supply due to the impact of the Livestock Law 2025, while pork consumption demand remains stable and growing.
- We forecast that BAF’s net profit in 2025 will reach VND 685 billion, increasing 116.2% yoy, mainly driven by a 43% growth in pig sales volume and a 10% increase in swine prices compared to the previous year.
- We recommend ADD with the target price of 35,500 VND/share
