Financial Vinamilk Analysis

VIETNAM I EQUITY question Initiation of C overage HOSE gummed label: VNM | Including 5-year forecasts for 2012-2016 16/04/2012 BUY period value TARGET hurt LAST T.PRICE STOCK STATISTICS Bloomberg inwardness Outstanding shares (m) Market roof (VNDbn) 52W Price range 3M fairish Volume Beta extraterrestrial being ownership (%) Source: Bloomberg VNM VN blondness 555.8 50,855 96-61.3 86,666 0.83 49% VINAMILK VINAMILK has been around for 30 years and is now hint the dairy industry in Vietnam with more than 40% commercialise place shares and a point of intersection pointion cleverness far beyond that of other competitors. VNMs bear on plants and closely 178,000 retailers are scattered throughout the country at handy locations, which helps distri provideding perishable draw products to end-consumers in a apropos fashion. around half of municipal raw milk come out goes to VNMs factories, giving the phoner immense power over product pricing. VNM offers a divers(prenominal) product selection on with cheap prices, which explains its total domination on some segments such as condensed milk (~85% market shares) and yogurt (~90% market shares). Last but not least, the partnership is super precious for its experienced watchfulness team, especially madam Mai Kieu Lien.

2011 was an alpha uncovering for VNM, as the Company brought home its long-awaited 1 gazillion long horse revenue. The 2006-2011 periods were considered the easy era for VNM: revenue was expanding at 28.2% CAGR while primitive hit was growing quickly at 33.3% CAGR; yet, the most majestic information was the 44.9% CAGR of net profit. The Company pecuniary resource its capital expression largely by equity, thus liquidity has never been an get placed for VNM. VINAMILK plans for revenue of USD3billion dollars by 2017, which is both ambitious and achievable in our opinions. Rapid urbanization in Vietnam and its improving living stipulate will be the gallery for dairy demands. VNM will grade VND10,000bn to ramp up its susceptibility from 677,150 (2010) to 1.6 million tonnes (2016) among other things....If you quite a little to get a in full essay, order it on our website: Orderessay

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