VSC [BUY +36.4%] - VIP Green port to ride Hai Phong FDI boom - Initiation
  • 30 Dec 2016
  • Company Research
We initiate VSC with a BUY RATING and +35.6% total return. 12.4% expected drop in 2016 EPS is due to a surge in reefer container revenue in 2015. We expect 33.1% sales growth and 36.2% EPS growth in 2017, driven by the rising capacity utilization of VIP G