Board Change • May 21
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 2 highly experienced directors. No independent directors (5 non-independent directors). Head of Supervisory Board Phan Chung is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Apr 23
Second quarter 2026 earnings released: EPS: ₫740 (vs ₫440 in 2Q 2025) Second quarter 2026 results: EPS: ₫740 (up from ₫440 in 2Q 2025). Revenue: ₫385.0b (up 8.2% from 2Q 2025). Net income: ₫8.88b (up 79% from 2Q 2025). Profit margin: 2.3% (up from 1.4% in 2Q 2025). The increase in margin was driven by higher revenue. Reported Earnings • Jan 25
First quarter 2026 earnings released: EPS: ₫430 (vs ₫441 in 1Q 2025) First quarter 2026 results: EPS: ₫430 (down from ₫441 in 1Q 2025). Revenue: ₫374.7b (up 2.1% from 1Q 2025). Net income: ₫5.17b (down 6.6% from 1Q 2025). Profit margin: 1.4% (in line with 1Q 2025). Aankondiging • Jan 02
Saigon Fuel Joint-Stock Company Announces Board Appointments, Effective from December 26, 2025 On December 26, 2025, Sai Gon Fuel Joint Stock Company announced the appointment of Mr. Ngo Duc Trung, and Mr. Nguyen Manh Cuong as member of the BOD from December 26, 2025. Buy Or Sell Opportunity • Dec 09
Now 20% overvalued Over the last 90 days, the stock has fallen 8.0% to ₫19,100. The fair value is estimated to be ₫15,909, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last year. Earnings per share has grown by 17%. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫19,700, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 20x in the Specialty Retail industry in Vietnam. Total returns to shareholders of 44% over the past three years. New Risk • Nov 04
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2015. 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 2015 fiscal period end). Market cap is less than US$10m (₫220.2b market cap, or US$8.37m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • Nov 04
Saigon Fuel Joint-Stock Company, Annual General Meeting, Dec 26, 2025 Saigon Fuel Joint-Stock Company, Annual General Meeting, Dec 26, 2025. Location: victory hotel, no. 14, vo van tan street, xuan hoa ward, ho chi minh city. Vietnam Buy Or Sell Opportunity • Oct 25
Now 20% overvalued Over the last 90 days, the stock has fallen 6.3% to ₫19,500. The fair value is estimated to be ₫16,245, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Oct 01
Now 22% overvalued Over the last 90 days, the stock has fallen 6.4% to ₫19,800. The fair value is estimated to be ₫16,244, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Sep 03
Now 26% overvalued Over the last 90 days, the stock has fallen 2.9% to ₫20,400. The fair value is estimated to be ₫16,209, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jul 14
Now 25% overvalued Over the last 90 days, the stock has fallen 16% to ₫20,900. The fair value is estimated to be ₫16,686, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jun 27
Now 24% overvalued Over the last 90 days, the stock has fallen 19% to ₫20,600. The fair value is estimated to be ₫16,670, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • May 31
Now 23% overvalued Over the last 90 days, the stock has fallen 19% to ₫21,100. The fair value is estimated to be ₫17,193, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • May 16
Now 21% overvalued Over the last 90 days, the stock has fallen 8.3% to ₫21,050. The fair value is estimated to be ₫17,373, however this is not to be taken as a sell recommendation but rather should be used as a guide only. New Risk • May 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫244.5b (US$9.53m) 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 Latest financial reports are more than 1 year old (reported September 2015 fiscal period end). Market cap is less than US$10m (₫244.5b market cap, or US$9.53m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Feb 14
Now 25% overvalued Over the last 90 days, the stock has fallen 1.1% to ₫22,950. The fair value is estimated to be ₫18,318, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Dec 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.5% to ₫23,950. The fair value is estimated to be ₫19,628, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Aankondiging • Dec 03
Saigon Fuel Joint-Stock Company Appoints Bui Hoai Chau as Deputy General Director On December 2, 2024, the BOD of Sai Gon Fuel Joint Stock Company approved the appointment of Ms. Bui Hoai Chau as Deputy General Director from December 2, 2024 to June 30, 2025. Upcoming Dividend • Nov 15
Upcoming dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 22 November 2024. Payment date: 16 December 2024. Trailing yield: 7.8%. Lower than top quartile of Vietnamese dividend payers (8.4%). Higher than average of industry peers (0.9%). Buy Or Sell Opportunity • Nov 13
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to ₫25,000. The fair value is estimated to be ₫20,146, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Aankondiging • Nov 01
Saigon Fuel Joint-Stock Company, Annual General Meeting, Dec 25, 2024 Saigon Fuel Joint-Stock Company, Annual General Meeting, Dec 25, 2024. Location: tan san nhat hotel, no.200, hoang van thu street, ward 9, phu nhuan district, hcmc Vietnam Buy Or Sell Opportunity • Oct 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.3% to ₫22,000. The fair value is estimated to be ₫18,292, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Aug 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₫22,500. The fair value is estimated to be ₫18,237, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Aug 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to ₫22,000. The fair value is estimated to be ₫18,304, however this is not to be taken as a sell recommendation but rather should be used as a guide only. New Risk • Jan 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫229.2b (US$9.40m) 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 Latest financial reports are more than 1 year old (reported September 2015 fiscal period end). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$10m (₫229.2b market cap, or US$9.40m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jan 11
Upcoming dividend of ₫2,000 per share at 7.6% yield Eligible shareholders must have bought the stock before 18 January 2024. Payment date: 29 January 2024. Trailing yield: 7.6%. Lower than top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (1.2%). Aankondiging • Dec 21
Saigon Fuel Joint-Stock Company Approves Cash Dividend, Payable on January 24, 2024 Saigon Fuel Joint-Stock Company approved the first cash dividend payment for the fiscal year 2023. Exercise ratio: 20%/charter capital (2,000 dongs/share), Record date: January 19, 2024 and Payment date: January 24, 2024. Board Change • Dec 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. CEO & Director Ho Trinh was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 23
Sai Gon Fuel Joint Stock Company Announces Resignation of Phan Ngoc Hung as Board of Director On November 21, 2023, Sai Gon Fuel Joint Stock Company received the resignation letter of member of the board of directors - Mr. Phan Ngoc Hung. His resignation will be submitted to the General Meeting of Shareholders. Aankondiging • Oct 25
Saigon Fuel Joint-Stock Company, Annual General Meeting, Dec 15, 2023 Saigon Fuel Joint-Stock Company, Annual General Meeting, Dec 15, 2023. Location: No.146E Nguyen Dinh Chinh street, ward 8, Phu Nhuan district Ho Chi Minh City Vietnam Board Change • Jun 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Ho Trinh was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Ho Trinh was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Ho Trinh was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 05
Saigon Fuel Joint-Stock Company Approves Cash Dividend Payment for the Fiscal Year 2022 Saigon Fuel Joint-Stock Company at its Annual General Meeting held on December 15, 2022, approved a dividend of (16%): VND 17,975,710,400. 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). CEO & Director Phan Hung was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 07
Upcoming dividend of ₫1,600 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 05 December 2022. Trailing yield: 8.8%. Lower than top quartile of Vietnamese dividend payers (9.0%). Higher than average of industry peers (1.2%). Board Change • Apr 28
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). CEO & Director Phan Hung was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 12
Upcoming dividend of ₫1,800 per share Eligible shareholders must have bought the stock before 19 November 2021. Payment date: 15 December 2021. Trailing yield: 5.5%. Lower than top quartile of Vietnamese dividend payers (5.8%). Higher than average of industry peers (0.5%). Is New 90 Day High Low • Mar 04
New 90-day high: ₫24,500 The company is up 2.0% from its price of ₫24,000 on 04 December 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 21
New 90-day low: ₫22,000 The company is down 7.0% from its price of ₫23,550 on 22 October 2020. The Vietnamese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: ₫22,600 The company is down 5.0% from its price of ₫23,800 on 21 September 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 16% over the same period. Upcoming Dividend • Nov 10
Upcoming Dividend of ₫2,200 Per Share Will be paid on the 8th of December to those who are registered shareholders by the 17th of November. The trailing yield of 8.0% is below the top quartile of Vietnamese dividend payers (9.2%), but it is higher than industry peers (1.8%). Is New 90 Day High Low • Oct 29
New 90-day high: ₫25,150 The company is up 19% from its price of ₫21,150 on 29 July 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 37% over the same period. Is New 90 Day High Low • Oct 05
New 90-day high: ₫24,500 The company is up 11% from its price of ₫22,000 on 06 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 22% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: ₫23,350 The company is up 2.0% from its price of ₫22,800 on 19 June 2020. The Vietnamese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period. 
