- 2024-01-12T00:00:00
- Company Research
- Moc Chau Milk JSC (UPCoM: MCM) is the first dairy company in Vietnam. MCM’s product portfolio has 40 SKUs, including drinking milk, yogurt, and other milk-based products.
- MCM became a subsidiary of Vinamilk (HOSE: VNM) – the largest dairy company in Vietnam in 2020. MCM thus experienced substantial improvement in GPM, from 18-19% in 2016-2019 to an average 31.6% in 2020-2022.
- MCM has a healthy balance sheet with large cash reserves, zero debt, and a high cash dividend payout policy with an average DPS/EPS of 85.6% in 2018-2022.
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