Reported Earnings • May 12
First quarter 2026 earnings released: ₫21.00 loss per share (vs ₫1.00 profit in 1Q 2025) First quarter 2026 results: ₫21.00 loss per share (down from ₫1.00 profit in 1Q 2025). Net loss: ₫904.0m (down ₫923.7m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Anuncio • May 11
Sao Mai Viet Investment and Development Joint Stock Company, Annual General Meeting, Jun 22, 2026 Sao Mai Viet Investment and Development Joint Stock Company, Annual General Meeting, Jun 22, 2026. Board Change • May 08
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). General Director, Member of Management Board & Director Mai Vu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). General Director, Member of Management Board & Director Mai Vu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). General Director, Member of Management Board & Director Mai Vu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jan 25
Full year 2025 earnings released: EPS: ₫8.00 (vs ₫21.00 in FY 2024) Full year 2025 results: EPS: ₫8.00 (down from ₫21.00 in FY 2024). Revenue: ₫4.50b (up 322% from FY 2024). Net income: ₫131.3m (down 60% from FY 2024). Profit margin: 2.9% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Aug 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 173% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. High level of non-cash earnings (38% accrual ratio). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m (₫1.3b revenue, or US$50k). Minor Risks Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (₫426.2b market cap, or US$16.2m). New Risk • Aug 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫156.2b (US$5.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (7.5% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. High level of non-cash earnings (38% accrual ratio). Revenue is less than US$1m (₫1.3b revenue, or US$50k). Market cap is less than US$10m (₫156.2b market cap, or US$5.93m). Minor Risk Profit margins are more than 30% lower than last year (9.3% net profit margin). New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings have declined by 9.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. High level of non-cash earnings (38% accrual ratio). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m (₫1.3b revenue, or US$50k). Minor Risks Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (₫468.8b market cap, or US$17.8m). New Risk • Jul 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.2% average weekly change). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m (₫1.0b revenue, or US$40k). Minor Risks Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (₫362.2b market cap, or US$13.8m). Anuncio • Jun 03
Vien Lien Joint Stock Company, Annual General Meeting, Jun 20, 2025 Vien Lien Joint Stock Company, Annual General Meeting, Jun 20, 2025, at 08:00 SE Asia Standard Time. Location: tulip room, 2nd floor, rex hotel, 141 nguyen hue, district 1, ho chi minh Vietnam New Risk • Apr 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 42% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m (₫1.0b revenue, or US$40k). Market cap is less than US$10m (₫247.2b market cap, or US$9.39m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: ₫1.00 (vs ₫9.00 in 1Q 2024) First quarter 2025 results: EPS: ₫1.00 (down from ₫9.00 in 1Q 2024). Revenue: ₫300.0m (down 7.7% from 1Q 2024). Net income: ₫19.8m (down 86% from 1Q 2024). Profit margin: 6.6% (down from 42% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. New Risk • Apr 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 173% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m (₫1.1b revenue, or US$41k). Market cap is less than US$10m (₫255.7b market cap, or US$9.72m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Anuncio • Apr 18
Vu Thi Lan acquired 21.12% stake in Vien Lien Joint Stock Company (HNX:UNI). Vu Thi Lan acquired 21.12% stake in Vien Lien Joint Stock Company (HNX:UNI) on April 1, 2025. Vu Thi Lan acquired 9,000,000 shares in Vien Lien Joint Stock Company.
Vu Thi Lan completed the acquisition of 21.12% stake in Vien Lien Joint Stock Company (HNX:UNI) on April 1, 2025. New Risk • Jan 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (₫1.1b revenue, or US$43k). Market cap is less than US$10m (₫103.1b market cap, or US$4.12m). Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change). New Risk • Oct 25
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$1m (₫2.0b revenue, or US$78k). Market cap is less than US$10m (₫109.3b market cap, or US$4.26m). Minor Risk High level of debt (164% net debt to equity). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (₫112.4b market cap, or US$4.61m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). New Risk • Sep 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$1m (₫2.0b revenue, or US$81k). Market cap is less than US$10m (₫118.7b market cap, or US$4.87m). Minor Risks High level of debt (164% net debt to equity). Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Revenue is less than US$1m (₫2.0b revenue, or US$78k). Market cap is less than US$10m (₫132.7b market cap, or US$5.18m). Minor Risks High level of debt (164% net debt to equity). Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₫2.0b revenue, or US$81k). Market cap is less than US$10m (₫117.1b market cap, or US$4.80m). Minor Risks High level of debt (164% net debt to equity). Share price has been volatile over the past 3 months (5.0% average weekly change). Reported Earnings • May 06
First quarter 2023 earnings released: EPS: ₫12.00 (vs ₫4.00 loss in 1Q 2022) First quarter 2023 results: EPS: ₫12.00 (up from ₫4.00 loss in 1Q 2022). Net income: ₫182.8m (up ₫245.7m from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 08
Full year 2022 earnings released: ₫56.00 loss per share (vs ₫1.00 profit in FY 2021) Full year 2022 results: ₫56.00 loss per share (down from ₫1.00 profit in FY 2021). Net loss: ₫873.1m (down ₫890.7m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: ₫45.00 loss per share (vs ₫0.44 profit in 3Q 2021) Third quarter 2022 results: ₫45.00 loss per share (down from ₫0.44 profit in 3Q 2021). Net loss: ₫697.3m (down ₫704.2m from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 22
Second quarter 2022 earnings released: ₫8.00 loss per share (vs ₫38.00 profit in 2Q 2021) Second quarter 2022 results: ₫8.00 loss per share (down from ₫38.00 profit in 2Q 2021). Net loss: ₫130.8m (down 122% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: ₫4.00 loss per share (vs ₫37.00 loss in 1Q 2021) First quarter 2022 results: ₫4.00 loss per share (up from ₫37.00 loss in 1Q 2021). Revenue: ₫8.75m (down 97% from 1Q 2021). Net loss: ₫62.9m (loss narrowed 89% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jan 20
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: ₫828.0m (down 78% from FY 2020). Net income: ₫17.5m (down 97% from FY 2020). Profit margin: 2.1% (down from 16% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Reported Earnings • Jul 14
Second quarter 2021 earnings released: EPS ₫38.00 (vs ₫84.00 in 2Q 2020) Second quarter 2021 results: Net income: ₫587.0m (down 54% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 16
First quarter 2021 earnings released: ₫37.00 loss per share (vs ₫34.00 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: ₫257.9m (down 73% from 1Q 2020). Net loss: ₫583.2m (loss widened 13% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 18
New 90-day high: ₫13,500 The company is up 111% from its price of ₫6,400 on 19 November 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: ₫11,300 The company is up 98% from its price of ₫5,700 on 26 October 2020. The Vietnamese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₫10,200 The company is up 82% from its price of ₫5,600 on 09 October 2020. The Vietnamese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₫6,800 The company is up 42% from its price of ₫4,800 on 09 September 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 32% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: ₫6,400 The company is up 39% from its price of ₫4,600 on 19 August 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day high: ₫5,700 The company is up 21% from its price of ₫4,700 on 28 July 2020. The Vietnamese market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 14% over the same period. Reported Earnings • Oct 21
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫1.14b, up 91% from the prior year. Total revenue was ₫4.34b over the last 12 months, down 42% from the prior year. Is New 90 Day High Low • Oct 10
New 90-day high: ₫5,600 The company is up 8.0% from its price of ₫5,200 on 09 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 1.0% over the same period. 