Company kdh.vn, sab.vn, vic.vn, vhm.vn

KDH VN: has decided to dissolve two of its subsidiaries (Long Phuoc Dien Housing Development and Infrastructure Construction Co., Ltd. and Nam Phu Real Estate Development Co., Ltd), totaling VND240 bn in charter capital.

SAB VN: announced a public offer to buy over 37.8 mn shares (43.2%) of SBB with the deal estimated at VND832 bn, aiming to increase its stake from 16.4% to 59.6%.

VIC VN: has launched VinVentures, a $150 mn fund to support innovative tech startups, aiming to boost the startup ecosystem and foster digital technology companies in Vietnam and beyond.

Comment: Hmmm……They have done well with several of their PE/pre-IPO deals, but this is a different beast…let’s see

VHM VN: has acquired over 41 mn shares buyback, totaling about VND 1,871 bn, which is 11.16% of its registered buyback volume.

Comment: Their revenues and profits are down -20-30% this year. The shares aren’t “cheap” and their debt maturity is 1.9 years. It’ll be amusing to watch….

Country

• The HCMC government is trying to boost public investment disbursement, with VND32.7 tn to be disbursed for 84 projects in Q42024.
• Vietnam’s agricultural trade reported a surplus across forestry, fishery, and agriculture, with forestry leading at $11.75 bn. However, production inputs, livestock products, and salt experienced trade deficits. Overall, Vietnam’s agricultural exports reached $51.74 bn (+ 20.2%) in 10M2024.
• Vietnamese spend $8.9 bn on ecommerce. The total transaction volume in the Jan-Sep period increased by 37.7% yoy.
• The association reported that in the 2023-24 crop from October 2023 to September 2024, Viet Nam shipped abroad 1.46 mn tonnes of coffee worth US$5.43 bn, -12.1 % in volume but + 33 % in value compared to the previous crop.
• Vietnam and the European Union (EU) have built a strong, multifaceted partnership encompassing economic cooperation, climate change adaptation, and regional integration.
• According to the Drug Administration of Vietnam, the total value of the Vietnamese pharmaceutical market in 2023 was estimated at US$8 bn and is projected to grow strongly to $20 bn by 2045.
• The top exporters of aquatic products to Singapore during the period were Malaysia with a 13.42 % market share, Indonesia 10.98 %, Norway 10.34 %, China 9.81 %, Việt Nam 9.22 %, and Japan 8.42 %.
• Vietnam’s agro-forestry-fishery exports are expected to fetch a record high of US$61 bn this year, given positive signs over the past few months, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said at a recent press briefing.
• Vietnam’s rice exports to China in January-September this year dropped 72 % compared to the same period in 2023, reaching only 241,000 metric tons, down from previous levels of over one mn metric tons per month, according to the Ministry of Agriculture and Rural Development.

Financials

• NVL VN: recorded, in Q32024, revenue of VND2,010 bn (+87% YoY) and PAT of VND2,950 bn (+2,057% YoY). For 9M2024, NVL recorded revenue of VND4,295 bn (+57% YoY) and Loss after tax of VND4,377 bn.
• MWG VN: recorded PAT of VND806 bn (+20.7 times higher YoY) in Q32024 and PAT of VND2,881 bn (+37 times higher YoY), exceeding 20% of the year plan.
• VEA VN: recorded, in Q32024, revenue of VND1,049 bn (+19% YoY) and PAT of VND1,667 bn (+8% YoY). For 9M2024, NVL recorded revenue of VND2,972 bn (+4% YoY) and PAT of VND4,924 bn (+4% YoY).
• VHM VN: recorded, in Q32024, revenue of VND33,323 bn (+2% YoY) and PAT of VND8,980 bn (-16% YoY). For 9M2024, VHM recorded revenue of VND69,910 bn (-26% YoY) and PAT of VND20,600 bn (-36% YoY).
• HHV VN: recorded, in Q32024, revenue of VND794.7 bn (+18% YoY) and PAT of VND123.6 bn (+6% YoY). For 9M2024, HHV recorded revenue of VND2,298.3 bn (+26% YoY) and PAT of VND367.5 bn (+19% YoY), completing 73% of revenue plan and 91% of profit target.
• CTG VN: recorded, in Q32024, revenue of VND15,577.51 bn (+19% YoY) and PAT of VND5,192.51 bn (+33% YoY). For 9M2024, CTG recorded revenue of VND46,090.64 bn (+20% YoY) and PAT of VND15,604.40 bn (+12% YoY), completing 71% of the year plan.
• DGW VN: recorded, in Q32024, revenue of VND6,226 bn (+15% YoY) and PAT of VND121 bn (+17% YoY). For 9M2024, DGW recorded revenue of VND16,219 bn (+16% YoY) and PAT of VND302 bn (+11% YoY), completing 70% of revenue plan and 62% of PAT’s target.
• PVS VN: recorded, in Q32024, revenue of VND4,820 bn (+15% YoY) and PAT of VND193 bn (+34% YoY). For 9M2024, PVS recorded revenue of VND14,101 bn (+12% YoY) and PAT of VND707 bn (+17% YoY), completing 91% of revenue plan and 107% of PAT’s target.
• HAH VN: recorded, in Q32024, revenue of VND1,128.5 bn (+66% YoY) and PAT of VND277 bn (+145% YoY). For 9M2024, HAH recorded revenue of VND2,781 bn (+43% YoY) and PAT of VND452 bn (+42% YoY), completing 70% of revenue plan and 82% of PAT’s target.
• GMD VN: recorded, in Q32024, revenue of VND1,264 bn (+27% YoY) and PAT of VND448 bn (+33% YoY). For 9M2024, GMD recorded revenue of VND3,421 bn (+22% YoY) and PAT of VND1,549 bn (-33% YoY).
• VIB VN: CBA sold nearly 10% of VIB’s charter capital (about 320 mn VIB shares) on October 29th, expected to earn about AUD320 mn (VND5,320 bn).
• MCH VN: recorded, in Q32024, revenue of VND7,987 bn (+10% YoY) and PAT of VND2,094.4 bn (+14% YoY). For 9M2024, MCH recorded revenue of VND21,954.9 bn (+11% YoY) and PAT of VND5,474.1 bn (+14% YoY).
• QNS VN: recorded, in Q32024, revenue of VND2,728.5 bn (+11% YoY) and PAT of VND531.9 bn (+5% YoY). For 9M2024, QNS recorded revenue of VND8,069.3 bn (+4% YoY) and PAT of VND1,535.1 bn (+14% YoY), completing 90% of the revenue plan and exceeding 14% of the profit target.
• PVI VN: recorded, in Q32024, revenue of VND1,931.2 bn (+9% YoY) and PAT of VND163.7 bn (-44.7% YoY). For 9M2024, PVI recorded revenue of VND5,672.2 bn (+13% YoY) and PAT of VND822.7 bn (-7.6% YoY), completing 91% of the year plan.
• DCM VN: recorded, in Q32024, revenue of VND2,634.4 bn (-12% YoY) and PAT of VND121 bn (+64% YoY). For 9M2024, DCM recorded revenue of VND9,242 bn (+2% YoY) and PAT of VND1,056 bn (+71% YoY), exceeding 33% of the year plan.
• EIB VN: recorded, in Q32024, revenue of VND1,535.87 bn (+77% YoY) and PAT of VND721.21 bn (+198% YoY). For 9M2024, EIB recorded revenue of VND4,405.44 bn (+38% YoY) and PAT of VND1,360.55 bn (+39% YoY).