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. We value FMC for the first time at VND49,900, equivalent to a profit margin of 8%.
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