SeABank (SSB VN) – Appointed two new DCEOs
The Board of the bank announced the decision to promote:
- Mr. Le Thanh Hai, 48 years old – former Head of Retail Banking to DCEO
- Mr. Bui Quoc Hieu, 51 years old – former Head of Credit Appraisal to DCEO
With these promotions, the bank has thus integrated its board of managers with 10 seasoned executives. SSB VN closed at VND17,450 per share on 14th January 2025, therefore 10.4x P/E and 1.5x P/B.
Asia Ingredients Corporation (AIG VN) – Shareholder ballot
The company will ballot its shareholders on additional Board member election and revised compensation package for the Chairman, which is 342% and 392% higher for 2025 and 2026 respectively, compared to actual payment in 2023. Ex-date is 4th February 2025. The company disclosed publicly its financials for 9M 2024, with revenue of VND8,891 billion (about USD350 million, up +3% YoY) and net income of VND634 billion (about USD25 million, +10% YoY. AIG VN closed at VND42,100 per share on 14th January 2025, hence 10.2x P/E and 1.4x P/B.
Eximbank (EIB VN) – Dismissed two DCEOs
Eximbank has announced the dismissal of two DCEOs from their posts, right before the upcoming EGM held on 26th February 2025 in Hanoi:
- Mr. Pham Dang Khoa – just after two months from his appointment
- Ms. Le Thi Mai Loan – also an ex-member of the Board
Currently, Eximbank is having 5 C-suite executives: an acting CEO, 3 DCEOs, and a Chief Accountant. EIB VN closed at VND18,250 per share on 14th January 2025, resulting in 12.6x P/E and 1.4x P/B.
PV Trans (PVT VN) – Setting 2025 objectives prudentially
The PVN-owned fleet operator reported preliminary consolidated revenue of VND12 trillion (about USD473 million, up +26% YoY) and pre-tax income of VND1.8 trillion (about USD71 million, up +16% YoY) for FY2024, outperforming by 36% and 89% of target revenue and profit respectively. In 2024, PV Trans purchased 8 new vessels, in which there were oil tankers, chemical tankers, gas carriers, and bulk carriers. Despite bullish 2024 business performance, the company is being respectively conservative, and projects revenue of VND10.3 trillion and pre-tax income of VND1.2 trillion for FY2025. PVT VN closed at VND25,950 per share on 14th January 2025, thus 8.3x P/E and 1.2x P/B.
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