Viettel Post (VTP) was established in 1997, has been traded on market since November 2018.
It seems the company has developed mature enough by using machine learning/ IT support to operate more efficiently from senders to receivers/buyers and EDI (Electronic data interchange) scanning/ tracking activity & customer service.
Logistic/ Courier industry always require more reinvestment to maintain sort machines/ transport vehicles, warehouse/ partner contracts and insurance to meet 24/7 operation. ( to back online business platforms)
It seems courier business is high cost money making machines, however personally I truely like this stock.
P/E 13
P/B 2.4