MML – Twin tailwinds are blowing – Initiation
- We think MML is one of the best meat players in Vietnam amid COVID-19.
- Promising outlook in FY20-22F thanks to high pork price and expanding retail network.
- Initiate coverage with an ADD rating and TP of VND73,700.
|
Market Price
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Target Price
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Dividend Yield
|
Rating
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Sector
|
|
VND52,700
|
VND73,700
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0.0%
|
ADD
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CONSUMER GOODS
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