Quang Ngai Sugar Joint Stock Company (UpCOM: QNS) is the leading enterprise producing soy milk and the second largest producer of cane sugar in Vietnam. Based on FCFF and PE methods, we recommend buy QNS with a target price at VND 55,700.
The revenue and NPAT of QNS will increase in the future because: (1) QNS keeps consolidating its leading position in the soymilk segment thanks to its high growth potential, improving gross profit margin; (2) Sugar segment's revenue grows thanks to improved volume and selling price; and (3) Solid financial strength, high dividend payout ratio.
File format: pdf
Size: 1.90 MB