Company Insight

Gemadept Corporation (GMD) is a pioneer in port and logistics service sector in Viet Nam. In 9M/2024, the core business segment achieved strong growth, estimated at 40% YoY, driven by robust growth in throughput. We expect GMD to continue this upward momentum amid the recovery in import-export activities. Based on SOTP methods, we update GMD’s target price at VND 69,300.