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KDF - Ice cream leader launches IPO - IPO Note

KDF commands 35% of Vietnam’s ice cream market, and the segment accounted for 73% of its FY16 revenue. The dairy segment, 25% of FY16 revenue, is bolstered by KDF’s flagship iced yogurt products. KDF boasts the most extensive cold and chilled distribution network in Vietnam with 70,000 general trade POS, supported by two factories, one in the South and one in the North.