Binh Minh Plastics JSC

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The company has seen demand recover strongly after easing of social distancing measure in Vietnam. The company raised the average selling price by roughly 11% qoq to VND55.9mn per ton of product, boosting the gross margin to 20% in Q4 21 from only 4%...

We recommended Accumulate on BMP in May and raise the target price to VND52,800/share in H2 20. Understanding consumer psychology, BMP takes advantage of its brand's strength to ensure maximum production capacity but also avoiding oversupply in the m...

BMP is in our conviction list under a Neutral recommendation, with a target price of VND48,200 per share plus VND5,000 per share cash dividend expected in the next twelve months. BMP tends to set a minimum cash dividend at VND2,000 to VND2,500 per sh...

Sales volume came in at 24,330 tons, +8.9% yoy. Despite the social distancing measures in place, April sale volume remained unchanged compared to last year, which makes 4M 2020 sale volume 6% higher yoy. Our forecast basically stays the same in terms...