VHC – Brief – [BUY] – Weaker-than-expected results in Dec-24

In Dec-24, VHC released monthly revenue which sat at VND1,029bn (+26% yoy and +6.3% mom). While this reflects positive growth, it fell short of our expectations due to weaker-than-expected pangasius average selling prices in December. For 2024FY, VHC’s revenue totaled VND 12,487 billion (+25.3% yoy), achieving 99% of our forecast.