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Share Prices of Dairy Industry See Slight Increase in 2019

27 January 2020

VIETNAM - The dairy industry grew 0.5 percent in market capitalisation in 2019, much lower than the average growth of 7.7 percent of the VN-Index, according to a report issued recently by SSI Securities Joint Stock Company (SSI).

SSI said that the share price of Viet Nam’s leading dairy firm Vietnam Dairy Products JSC (Vinamilk) increased only 0.72 percent due to low profit in 2019.

SSI cited a Nielsen Vietnam market research report showing that the consumption of milk has started stabilising in the second quarter of 2019 after six consecutive quarters of decline.

2019’s consumption growth rate was positive but slow, reaching 2.1-3.9 percent compared to 2018, equivalent to the consumer price index (CPI). Among fast-moving consumer goods (FMCG), dairy products, which account for 13 percent of total FMCG consumption, is one of the commodities with poor consumption growth.

As for challenges facing the dairy industry, analysts from SSI said that revenue through modern trade channels, including e-commerce, saw double-digit growth in many quarters, but only 11 percent in total FMCG sales.

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Source: Biz Hub

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