VHC [BUY +34.8%] - Sales volume set to accelerate - Update
  • 2019-05-06T18:42:50
  • Company Research
We reiterate BUY on VHC as we remain bullish on its strong competitiveness in the pangasius export market while industry dynamics point to healthy margins in the foreseeable future. Valuation looks attractive with a 2019F PER of 4.8x, based on our forecasts, well below VHC’s five-year average of 8.3x.