MML – A local food giant going to appear on investors’ radar – Prelisting Note
- 324.3 million shares of Masan Meatlife (MML) will debut on UPCOM this December.
- MML is Vietnam’s second biggest animal feed producer and the country’s pioneer in chilled meat consumer products.
- It is aiming a 5x rise in revenue in FY23F, with meat being the main growth driver.
- Meat distribution network to expand 24x by FY23F. GPM will improve thanks to integrated Feed-Farm-Food model.
Please follow this link for the full report
You Might Be Interested
Company Note
38
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
33
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
25
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
