Binh Minh Plastic (BMP) is expected to receive approval in September to remove its foreign ownership limit (FOL), opening the prospect of a short-term share price gain. BMP’s current price is reasonable vs peers, despite its recent margin pressure. BMP’s net sales in H1 2017 only increase by +9% vs H1 2016, despite its recent increase in discount rate to 15%, offered to its distributors.