VEA – Vietnam Engine and Agricultural Machinery

— 12.03.2019

Listed holding company. The business consists of the manufacture of cars and mopeds with joint ventures of Ford, Toyota, and Honda. The company is net cash and pays an excellent dividend, the dividend yield is now 10 percent. Maintaining growth is the biggest challenge. Car penetration is still very low in Vietnam and offers potential, but the moped business has limitations.



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