CJ CGV Vietnam IPO Preview (Part 3) - Valuation Analysis (Poor Timing & Venue for IPO)

Frontier and emerging markets (Vietnam)

Dylan Waller

Equity Capital Markets

This insight is a collaborative effort between myself and  <a href="https://www.smartkarma.com/profiles/342" target="_blank" data-smartkarma-citation="accounts:342">Douglas Kim</a>.
CJ CGV VIetnam has numerous positive factors including the following: Consistent Financial Performance: Topline growth of over 20% during 2016-2017, well ahead of the industry's growth rate and the growth rate of other consumer companies in Vietnam. CJ CGV Vietnam has aggressive expansion plans, which will facilitate future growth. The industry is very attractive: Vietnam's cinema industry growth is outpacing some of the most salient, high growth industries in Vietnam ( dairy, beer, pharmaceutical, FMCG, etc.) Strong market share: CJ CGV Vietnam has a 43% market share.

This insight is a collaborative effort between myself and  Douglas Kim.
CJ CGV VIetnam has numerous positive factors including the following:  Consistent Financial Performance: Topline growth of over 20% during 2016-2017, well ahead of the industry's growth rate and the growth rate of other consumer companies in Vietnam. CJ CGV Vietnam has aggressive expansion plans, which will facilitate future growth.  The industry is very attractive: Vietnam's cinema industry growth is outpacing some of the most salient, high growth industries in Vietnam ( dairy, beer, pharmaceutical, FMCG, etc.)  Strong market share: CJ CGV Vietnam has a 43% market share.

Airports Corporation Of Viet Nam (ACV VN)

Quang Ngai Sugar Joint Stock Company (QNS VN)

CJ CGV Vietnam IPO (Part 2): Appeals of Vietnam's Cinema Industry