Upcoming Dividend • May 04
Upcoming dividend of ₫3,400 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 22 May 2026. Trailing yield: 4.4%. Lower than top quartile of Vietnamese dividend payers (7.8%). Lower than average of industry peers (5.3%). New Risk • Mar 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫261.1b (US$9.92m) 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 Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (₫261.1b market cap, or US$9.92m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫31,000, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫24,600, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 15x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 14% over the past three years. Reported Earnings • Dec 05
Second quarter 2026 earnings released: EPS: ₫222 (vs ₫179 loss in 2Q 2025) Second quarter 2026 results: EPS: ₫222 (up from ₫179 loss in 2Q 2025). Revenue: ₫44.7b (up 236% from 2Q 2025). Net income: ₫2.77b (up ₫4.44b from 2Q 2025). Profit margin: 6.2% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫21,000, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 10x in the Trade Distributors industry in Vietnam. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₫24,800, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 14x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 11% over the past three years. New Risk • Jun 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫256.5b (US$9.75m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 220% Paying a dividend despite having no free cash flows. Earnings have declined by 8.7% per year over the past 5 years. High level of non-cash earnings (142% accrual ratio). Market cap is less than US$10m (₫256.5b market cap, or US$9.75m). Minor Risk Profit margins are more than 30% lower than last year (4.3% net profit margin). New Risk • Jun 08
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: 4.3% Last year net profit margin: 6.2% 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 (currently running at an operating cash loss). Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 220% Paying a dividend despite having no free cash flows. Earnings have declined by 8.7% per year over the past 5 years. High level of non-cash earnings (142% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (₫301.3b market cap, or US$11.4m). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₫29,600, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 13x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 29% over the past three years. Board Change • May 15
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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • May 12
Global Electrical Technology Corp., Annual General Meeting, Jul 03, 2025 Global Electrical Technology Corp., Annual General Meeting, Jul 03, 2025, at 14:30 SE Asia Standard Time. Location: itd building, 1 sang tao street, tan thuan dong ward, district 7, Vietnam Board Change • Apr 23
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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫31,200, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 15x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 41% over the past three years. Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: ₫712 (vs ₫177 in 3Q 2024) Third quarter 2025 results: EPS: ₫712 (up from ₫177 in 3Q 2024). Revenue: ₫123.2b (up 459% from 3Q 2024). Net income: ₫6.66b (up 305% from 3Q 2024). Profit margin: 5.4% (down from 7.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Jan 02
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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. 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 • Nov 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. 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 (8.8% average weekly change). Market cap is less than US$10m (₫247.8b market cap, or US$9.91m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Dividend is not well covered by earnings (292% payout ratio). Revenue is less than US$5m (₫80b revenue, or US$3.2m). New Risk • Oct 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫253.4b (US$9.88m) 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 Share price has been highly volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$10m (₫253.4b market cap, or US$9.88m). Minor Risks Dividend is not well covered by earnings (292% payout ratio). Revenue is less than US$5m (₫80b revenue, or US$3.1m). Upcoming Dividend • Aug 16
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 23 August 2024. Payment date: 09 September 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Vietnamese dividend payers (8.4%). Lower than average of industry peers (4.9%). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫33,000, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 27x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫21,600, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 22x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 3.6% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 26x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 17% over the past three years. Announcement • May 11
Global Electrical Technology Corp., Annual General Meeting, Jul 02, 2024 Global Electrical Technology Corp., Annual General Meeting, Jul 02, 2024, at 15:00 SE Asia Standard Time. Location: itd building, no. 01 sang tao street, tan thuan dong ward, district 7, ho chi minh city Vietnam Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫19,900, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 25x in the Trade Distributors industry in Vietnam. Negligible returns to shareholders over past three years. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: ₫513 (vs ₫2,470 in FY 2023) Full year 2024 results: EPS: ₫513 (down from ₫2,470 in FY 2023). Revenue: ₫80.0b (down 88% from FY 2023). Net income: ₫4.82b (down 79% from FY 2023). Profit margin: 6.0% (up from 3.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Apr 01
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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. 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 • Feb 01
Third quarter 2024 earnings released: EPS: ₫177 (vs ₫346 in 3Q 2023) Third quarter 2024 results: EPS: ₫177 (down from ₫346 in 3Q 2023). Revenue: ₫22.0b (down 86% from 3Q 2023). Net income: ₫1.64b (down 42% from 3Q 2023). Profit margin: 7.5% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫16,500, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 15x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 13% over the past three years. Reported Earnings • Oct 30
Second quarter 2024 earnings released: EPS: ₫82.00 (vs ₫875 in 2Q 2023) Second quarter 2024 results: EPS: ₫82.00 (down from ₫875 in 2Q 2023). Revenue: ₫12.8b (down 95% from 2Q 2023). Net income: ₫756.3m (down 90% from 2Q 2023). Profit margin: 5.9% (up from 3.0% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫18,700, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 21x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫22,400, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 13x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 12x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 47% over the past three years. New Risk • Jun 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% This is considered a minor 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 Risk Market cap is less than US$10m (₫192.6b market cap, or US$8.20m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.5% net profit margin). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫19,900, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 11x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 16% over the past three years. Reported Earnings • May 08
Full year 2023 earnings released: EPS: ₫2,717 (vs ₫6,141 in FY 2022) Full year 2023 results: EPS: ₫2,717 (down from ₫6,141 in FY 2022). Revenue: ₫645.8b (up 284% from FY 2022). Net income: ₫22.8b (down 59% from FY 2022). Profit margin: 3.5% (down from 33% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₫27,100, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 10x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 29% over the past three years. Board Change • Feb 02
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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 20% share price gain to ₫24,000, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 11x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 10% over the past three years. Board Change • Nov 29
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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. 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 08
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 15 November 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 26% and the cash payout ratio is 94%. Trailing yield: 8.5%. Lower than top quartile of Vietnamese dividend payers (9.4%). Higher than average of industry peers (5.7%). Reported Earnings • Nov 04
Second quarter 2023 earnings released: EPS: ₫963 (vs ₫337 in 2Q 2022) Second quarter 2023 results: EPS: ₫963 (up from ₫337 in 2Q 2022). Revenue: ₫261.0b (up ₫234.2b from 2Q 2022). Net income: ₫7.83b (up 186% from 2Q 2022). Profit margin: 3.0% (down from 10% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₫26,800, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 70x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 16% over the past three years. Board Change • Oct 04
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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. 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 • Sep 07
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. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. 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 • Jul 22
Upcoming dividend of ₫2,000 per share Eligible shareholders must have bought the stock before 29 July 2022. Payment date: 11 August 2022. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 4.4%. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₫35,400, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 22x in the Trade Distributors industry in Vietnam. Total returns to shareholders of 5.7% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to ₫32,900, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 26x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 2.2% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫28,000, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 23x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 4.7% over the past three years. Reported Earnings • May 02
Full year 2022 earnings released: EPS: ₫6,755 (vs ₫3,228 in FY 2021) Full year 2022 results: EPS: ₫6,755 (up from ₫3,228 in FY 2021). Revenue: ₫168.0b (up 23% from FY 2021). Net income: ₫56.1b (up 105% from FY 2021). Profit margin: 33% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging 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. 11 experienced directors. 1 highly experienced director. No independent directors (9 non-independent directors). Director Thomas Hermansen was the last director to join the board, commencing their role in 2014. 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 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₫802 (down from ₫1,257 in 3Q 2021). Revenue: ₫49.3b (up 9.6% from 3Q 2021). Net income: ₫6.52b (down 36% from 3Q 2021). Profit margin: 13% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 05
First half 2022 earnings released The company reported a mediocre first half result with flat earnings, revenues and profit margins. First half 2022 results: Revenue: (flat on 1H 2021). Net income: (flat on 1H 2021). Profit margin: (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Aug 28
Global Infrastructure Investment Company Limited signed a contract to acquire Global Technical Infrastructure Company Limited from Global Electrical Technology Corp. (HNX:GLT) for VND 82.8 billion. Global Infrastructure Investment Company Limited signed a contract to acquire Global Technical Infrastructure Company Limited from Global Electrical Technology Corp. (HNX:GLT) for VND 82.8 billion on August 23, 2021. The transaction was approved by the board of director of Global Electrical Technology Corp. The transaction is expected to close no later than December 31, 2021. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₫34,000, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 13x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 22% share price gain to ₫34,700, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 15x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 17% share price gain to ₫30,000, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 14x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 52% over the past three years. Reported Earnings • May 09
Full year 2021 earnings released: EPS ₫3,228 (vs ₫1,641 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₫136.5b (up 13% from FY 2020). Net income: ₫27.4b (up 93% from FY 2020). Profit margin: 20% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₫29,600, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 16x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 24% share price gain to ₫25,000, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 31x in the Trade Distributors industry in Vietnam. Total loss to shareholders of 54% over the past three years. Is New 90 Day High Low • Jan 06
New 90-day low: ₫18,500 The company is down 39% from its price of ₫30,300 on 29 September 2020. The Vietnamese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 18% over the same period. Upcoming Dividend • Dec 18
Upcoming Dividend of ₫600 Per Share Will be paid on the 11th of January to those who are registered shareholders by the 25th of December. The company last paid an ordinary dividend in March 2015. The average dividend yield among industry peers is 3.4%. Valuation Update With 7 Day Price Move • Dec 02
Market pulls back on stock over the past week After last week's 16% share price decline to ₫21,700, the stock is trading at a trailing P/E ratio of 11.3x, down from the previous P/E ratio of 13.5x. This compares to an average P/E of 41x in the Trade Distributors industry in Vietnam. Total return to shareholders over the past three years is a loss of 65%. Is New 90 Day High Low • Sep 22
New 90-day high: ₫28,200 The company is up 37% from its price of ₫20,600 on 23 June 2020. The Vietnamese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is down 5.0% over the same period. 
