External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Quang Ngai Sugar Joint Stock Company / Equity Bottom-Up

Quang Ngai Sugar Joint Stock Company (QNS VN)

<ul><li>Soymilk accounted for 52.1% of QNS's 2022 net revenue.</li><li>Responding to the consumption trend of plant-based products, in May 2022, QNS launched the VEYO plant-based drinking yogurt in the high-end segment.</li><li>We expect the new product line to help the milk segment achieve 4–5% annual growth during 2023–2027F. </li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Soymilk accounted for 52.1% of QNS's 2022 net revenue.Responding to the consumption trend of plant-based products, in May 2022, QNS launched the VEYO plant-based drinking yogurt in the high-end segment.We expect the new product line to help the milk segment achieve 4–5% annual growth during 2023–2027F. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Quang Ngai Sugar JSC (QNS VN Equity/ Trading Buy) - Positive Signals from Sugar Segment