Earnings Report /

Song Hong Garment: Rebound from a low base; high capacity expansion from 2022

  • Business recovers in 2021; increasing material prices and freight are short-term problems that drag down profit margins

  • New factory Song Hong 10 will be completed in November 2021 and will operate at full capacity from May 2022

  • Our one-year target price is VND64,200/share. We have a Buy on MSH

Tam Pham
Tam Pham

Fishery, Insurance

Rong Viet
25 May 2021
Published byRong Viet


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