Asia Ingredients Group (AIG VN) - First Day of Trading on UPCoM Bourse
A public company since 2019, AIG celebrated It's first trading day on the UPCoM on the 11th November 2024. AIG VN closed at VWAP of VND56,880 per share, down -9.7% from its first reference price, thus 14.4x P/E and 1.9x P/B. The company produces and commercializes food and beverage ingredients to both domestic and international clients, and is a strategic partner of Vinamilk, TH True Milk, Friesland Campina, Nestle, Acecook, Dabaco, Unilever, and multiple others. For Q3 2024, the company recorded net revenue of VND3,112 billion (about USD123 million, up +6.6% YoY) and net income of VND171 billion (about USD6.8 million, up +12.8% YoY). Regarding shareholder structure, there are 2 Singapore-based institutional investors holding more than 5% of shares outstanding, MGCA Foodco Pte. Ltd. with 29% and All Ingredient Ptd. Ltd. with 8.1%. Meanwhile, the company also discloses the names of other institutional shareholders but not their holdings, VFPHK Holdings Limited and PENM IV Germany GmbH & Co. KG.
Hai An Transport & Stevedoring (HAH VN) - A new major shareholder emerges
Last week, IDS Equity Holdings, a related party to Leadvisors Capital Management, purchased 260,000 HAH VN shares, increasing its holding up to 6.26 million shares, equivalent to 5.2% ownership. Q3 2024 financial results: Hai An reported net revenue of VND1,129 billion (about USD44.6 million, up +65.6% YoY) and net income of VND199 billion (about USD8 million, up +88.5% YoY). HAH VN closed at its 52-week high of VND46,850 per share on 11th November 2024, thus 13.1x P/E and 1.9x P/B. Market cap is about USD224 million with average daily trading volume of 3.1 million shares.
Duc Thanh Wood (GDT VN) - Stock dividend declared
The wood product manufacturer declared a stock dividend payout ratio of 10:1, meaning shareholders will receive an additional share for every 10 shares owned. The Ex-dividend date is 19th November 2024. Before that, the company announced bullish results for Q3 2024 business performance with net revenue of VND92 billion (about USD3.6 million, up +31.5% YoY) and net income of VND16 billion (about USD0.6 million, up +92.9% YoY). GDT VN closed at VND28,300 per share on 11th November 2024, down -12.0% from its 52-week high, hence 11.8x P/E and 2.0x P/B.
Q3 2024 Earnings Growth
Q3 Earnings for listed companies on the Ho Chi Minh Stock Exchange showcases an impressive 27.8% YoY growth. Sector out performers included: Utilities, Retail, and IT.
Investor can see the full Newsletter below:
