BMP – (SCIC) will hold an auction to sell 24.2mn shares (equivalent to 29.52% of total shares) in BMP on March 9th 2018 at the initial offering price of VND 96,500VND

■ BMP still has plenty of room for growth as according to BMI, plastic pipe and fitting sales in Vietnam are forecasted to grow at 14% per year over 2016-2024.
■ For 2018, we expect a boost in sales volume thanks to the operation of Long An plant phase 2.
■ The FOL removal will open an opportunity for Thai-based Nawaplastic Industries to take a controlling stake in BMP.