Vinamilk wins big in Q2 thanks to exports, foreign investors continuously net buy more than 1,200 billion VND

In the last 10 sessions (July 22 - August 2), foreign investors net bought more than 1.2 trillion VND worth of VNM shares of the dairy giant Vietnam Dairy Products Joint Stock Company (Vinamilk). The liquidity of the dairy giant's shares also recorded a record volume ever. On the stock market, foreign investors are having positive developments with VNM shares. In the session of August 2, VNM continued to be the stock with the strongest net purchase in terms of both volume and value with 330 billion VND, equivalent to more than 2.8 million units. Previously, on July 31, foreign investors net bought up to 370 billion VND, marking the strongest net purchase session with VNM since the beginning of 2024. The net purchase momentum in VNM has lasted for 10 consecutive sessions with a total net purchase value of about 1,254 billion VND. Along with the positive developments of foreign investors, VNM shares also performed well on the stock market. From July 22 to now, the stock of the industry giant has increased by 9% and surpassed the 70,000 VND/share mark, closing the session on August 2 at 71,500 VND/share. In addition to the market price and trading volume from foreign investors, VNM's liquidity has also skyrocketed in recent sessions. Most notably, on July 31, the trading volume reached a record high of nearly 21.6 million shares, equivalent to a value of more than 1.5 trillion VND. Thereby, bringing the average liquidity over the past year to more than 2.9 million units/session. Also in this historic session, foreign investors bought nearly 6.3 million VNM shares, through order matching, equivalent to a value of nearly 443 billion VND, marking one of the largest direct purchases and sales. On August 2, 10.3 million VNM shares were traded with a value of 731 billion VND.

Photo: VietstockFinance

Foreign net buying, along with increased liquidity and market price, were supported by VNM's positive business results. Vinamilk had an outstanding second quarter when consolidated revenue set a new record. More importantly, the company achieved growth in all segments from domestic, export to domestic and foreign member units. According to the consolidated financial report for the second quarter of 2024, VNM's net revenue reached VND 16,655 billion, surpassing the peak of VND 16,194 billion in the third quarter of 2021 to become the quarter with the highest revenue. This is also the quarter with the highest growth rate of the enterprise since the beginning of 2022, reaching 9.5% over the same period. Net profit reached VND 2,671 billion, up 21%. This result is supported by domestic and foreign business activities with growth rates of 5.8% and 29.9% respectively over the same period. Foreign markets contributed 18.5% of consolidated revenue in the second quarter of 2024. Of which, net export revenue reached VND 1,740 billion, up 37% over the same period. Continuously improving products and maintaining close relationships with partners in key export markets are the basis for growth in Vinamilk's export activities. In addition to promoting traditional markets, Vinamilk is opening up new opportunities following the trend of supplying to global chains. This orientation brings Vinamilk products to more regions in Australia, and further to Africa and South America. In the coming time, Vinamilk will focus on emerging markets, take advantage of free trade agreements and build strategic partnerships. In the second quarter, Vinamilk continued to promote trade promotion activities and connect international trade. The sustainable development strategy is also used as a competitive advantage when exporting to create a new wind. With foreign branches in Cambodia and the US, net revenue in the second quarter of 2024 reached VND 1,384 billion, up 21.8% over the same period. " With encouraging results in the first half of 2024, we are confident in achieving the goal of completing the yearly plan and believe that Vinamilk will continue to be a bright spot in the market, bringing sustainable value to investors, " Ms. Mai Kieu Lien shared with investors. Source: https://nhandan.vn/vinamilk-thang-dam-quy-2-nho-xuat-khau-khoi-ngoai-lien-mua-rong-lien-tiep-hon-1200-ty-dong-post822692.html