Company Insight

Vinh Hoan Corporation is the leading pangasius enterprise in Vietnam with an export proportion of more than 15%. 2023 is a difficult year for the pangasius industry in general and Vinh Hoan in particular. In 2024, we expect the business situation to become more positive when macroeconomic stability helps the purchasing power of import markets (especially the US) recover. Based on FCFF and EV/EBITDA methods, we update VHC's target price at VND 106,300