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GMC - A good value play - even better if GMC puts itself in a position to benefit from TPP - Small Cap Research

Company Research

06 May 2015

GMC manufactures and trades in garments, with 90% of revenue derived from exports. The major markets include US (46%), EU (41%) and Japan. Long-term growth looks good, as textile remains a pillar of Vietnam’s exports thanks to the country’s cheap labour. Upcoming FTAs, most notably TPP, further bolster the sector, but GMC must shift to raw material suppliers in TPP-countries to reap the benefits.
Tags: GMC

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