Announcement • Jun 03
Plastic Additives Joint Stock Company, Annual General Meeting, Jun 20, 2026 Plastic Additives Joint Stock Company, Annual General Meeting, Jun 20, 2026, at 08:30 SE Asia Standard Time. Location: tien phong plastic joint-stock company, no. 222 mac dang doanh street, huang dao ward, hai phong Vietnam New Risk • Apr 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (₫69.1b market cap, or US$2.63m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₫126b revenue, or US$4.8m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₫7,600, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 10x in the Chemicals industry in Vietnam. Total loss to shareholders of 3.3% over the past three years.