
GARMEX Saigon Joint Stock Company (GMC), formerly known as the Union of Garment Enterprises of Ho Chi Minh City, was established in 1976. GMC officially switched to a joint-stock company model in 2004. The Company's main business is the production and export of high-end clothing according to the available market. Currently, the company is operating 5 production plants with 70 production lines with a total area of more than 10ha. The Company's main products are Jackets, Skisuits, Sportswear, Trousers, T-shirts, Polo shirts, Pullover, Sportswear made from knitted and woven fabrics authorized to be produced in the form of famous brands in the world such as Nike, Nautica, Haggar, JC Penny, Quechua, Champion, Elleses, Northface, Estivo, Otto, Bon – prix, Tribord and exported to Europe (45%), the United States (35%), Japan and other countries (20%). The Company does business according to the fob Method "Buying raw materials – semi-finished products" to help the Company become more autonomous in business activities. On February 12, 2025, GMC officially traded on the UPCOM market.
GMC currently has a market capitalization of roughly VND 158 billion, placing it in the small-cap group on the Vietnamese stock market. Its current P/E of 11,1x is 6% below its own 5-year average (11,8x), suggesting the stock is trading cheaper than its historical norm. P/B stands at 0,5x, 34% below its multi-year average of 0,8x. Return on equity (ROE) is at -10,7%, down from -6,8% the year before. Its debt-to-equity ratio of 0x is low, reflecting a conservative capital structure. In 2024, revenue fell 74% year-on-year while after-tax profit grew 42%.
This note is generated automatically from the stock's real financial data, for reference only — not investment advice.
Unit: VND billion. Growth (%) vs. previous period.
Unit: VND billion. Year-end values; current year uses latest session.
Unit: x. Financial debt over shareholders' equity.
Data aggregated from cafef.vn and VNDirect, for reference only, not investment advice.