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And we see Q3 sales coming VND700 billion up 28% y/y with 50% com-ing from moon cake sales. What is interesting though is that other prod-ucts are growing fast too which represents the frst pay-off of their reor-ganization and restructuring of the core business. This following a few years of stalling growth. KDC stock does not look es-pecially cheap at a forward P/E of 12x. And if HSC exclude real estate earnings, forward P/E is very high at 37x.
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