Company Insight

Sao Ta Foods Joint Stock Company (HoSE: FMC) is one of the leading shrimp exporters in Vietnam while always maintaining its position in the top 5 largest shrimp exporters in Vietnam. FMC is now self-sufficient in 30% of raw materials in a farming area of 505ha. Based on the FCFF and EV/EBITDA methods, we update the target price of FMC at VND 65,800.