Vinamilk: VNM (Fair value & slow growth)

Mis à jour
● Vietnam Dairy Products Joint Stock Company (VNM) was established in 1976. The Company has its main business in processing, production, trade, import and export of dairy products and other nutritious ones, under the model of a joint stock company since 2003. VNM is the biggest dairy company with a market share of over 50% in Vietnam dairy industry. VNM's products are exported to 57 countries.

● Milk consumption per capita in Vietnam was only 28 liters in 2021, lower than Thailand (35 liters) and Singapore (45 liters). VS each person in Vietnam consumes around 42.5 liters of beer annually.

● I believe every VNM investor should hold a glass of vinamilk instead glass of beer or soft drink to have a better life.
Sun 10/03/2024
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● Slow growth in revenue since 2021 & stay flat in earnings before 2014
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stay flat in earnings *since 2014
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Fundamental Analysis

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