BMP shares are rated positively.

SKĐS - Agriseco Securities (AGR) has a positive outlook on the growth prospects of MPB shares of Binh Minh Plastic Joint Stock Company.

According to AGR, in the first quarter of 2026, Binh Minh Plastic Joint Stock Company (HOSE: BMP) recorded revenue of VND 1,457 billion (a 5.4% increase year-on-year) and after-tax profit of VND 304 billion (a 6% growth) thanks to demand from the construction market. The gross profit margin improved from 42% year-on-year to 47%.

BMP benefits from the downward trend in PVC input prices, which helps improve its gross profit margin.

BMP shares are receiving positive reviews (illustrative image).

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Accordingly, the price of PVC resin – BMP's main input material – has decreased by nearly 26% since its peak at the beginning of the year, while the selling price of PVC products has increased by approximately 15% since the beginning of April 2026, following the upward trend in raw material prices. Therefore, BMP's gross profit margin is expected to expand in the coming quarters.

BMP is benefiting from the recovery of the domestic real estate market. Specifically, the demand for construction materials, especially plastic pipes, is increasing thanks to the 701,000 social housing projects currently underway, equivalent to 70.1% of the target of 1 million units by 2030, and the acceleration of key public investment projects.

Furthermore, BMP is one of the few plastics companies that has maintained a consistent cash dividend policy over many years with an attractive cash dividend yield.

The company paid dividends for 2025 totaling VND 14,860 per share – equivalent to a dividend yield of approximately 9.7% at the current price. Therefore, with its healthy financial position (large cash reserves and low debt), BMP is expected to continue maintaining a high dividend policy in the medium term.

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Based on the above arguments, AGR issues a positive recommendation for BMP shares with a target price of VND 178,000/share.

Source: https://suckhoedoisong.vn/co-phieu-bmp-duoc-danh-gia-tich-cuc-169260702192334158.htm