Trung An High-tech Farming JSC (HNX: TAR) is one of Vietnam's leading producers and exporters of clean & organic rice. Annually, TAR provides over 300,000 tonnes of rice to the Vietnamese market (84% of 2021 revenue) and international markets (16% of 2021 revenue).

H1 2022 NPAT–MI recovered 154% YoY, which completed 46% of TAR’s 2022G target.

In 2022, we expect TAR’s earnings to improve along with the development of Vietnam’s agricultural sector. Notably, TAR’s clean & organic branded rice is well positioned to benefit from the ongoing global rice export windfall, in our view.