VAC

Verdhana Alpha Capture - VAC

Adding MYOR to VAC & VMC - combined good fundamental & momentum.

NEW: MYOR

Open: AKRA

Thesis for MYOR:

1) Margin has bottomed in 2025 and should improve going forward

2) 20% earnings CAGR in 2025-2027F - solid fundamental growth.

3) Well positioned to capture higher consumption from the grassroots level on the back of higher govt spending and programs

4) Undemanding valuation of 13x P/E and 18% ROE FY26F

Verdhana