Published Date: 14/11/2024
- In 3Q24, net profit reached VND312bn, jumping 24x yoy. In 9M24, net profit achieved VND530bn, finishing 102% our previous forecast
- Net profit in 2024F may jump 27x yoy, reaching VND697bn thanks to an estimated 15% yoy increase in swine price and a 10% yoy reduction in animal feed expenses. Net profit in 2025F-26F may increase with CAGR of 8%, driven by a 2% yoy increase in the selling price and a 2% yoy increase in volume.
- Reiterate ADD with the target price of 33,000 VND/cp
