MSH – Visit Note – 20190118
- MSH is one of the largest Vietnamese garment exporters that focuses on contract manufacturing for upper-mid market global clothing brands.
- 2018 prelim results were strong with sales growth of 19% and a 68% jump in earnings; margins expanded on improved sales mix.
- MSH will continue to raise FOB revenue contribution, to touch 100% of garment export revenue by 2024.
- Expansion plan in 2020 to lift capacity by 20%.
Please follow this link for the full report
You Might Be Interested
Company Note
73
MWG plans for FY24 revenue and net profit of VND125tn/VND2.4tn, respectively, increases of 6% yoy and 14 times compared to FY23. According to management, BHX will begin to record profit in 1Q24 and targets to reach net profit of VND1tn-VND2tn…
Company Note
49
We maintain our Hold rating with 11.9% upside and a 0.0% dividend yield. We increase our TP by 11.0% while the stock price has increased 5.6% since our last report. The main drivers of our recommendation are the decline in…
Company Note
54
We maintain our ADD rating with 50.2% upside. We decrease our TP by 22.3% while the share price has increased 8.5% since our last report. The main driver of our TP change is that we apply a 40% discount rate…
VI
EN
JA
ZH
