Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: ₫175 (vs ₫372 in 1Q 2025) First quarter 2026 results: EPS: ₫175 (down from ₫372 in 1Q 2025). Revenue: ₫140.0b (down 36% from 1Q 2025). Net income: ₫8.22b (down 53% from 1Q 2025). Profit margin: 5.9% (down from 8.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫10,800, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 14x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 6.3% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫15,600, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 14x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 56% over the past three years. Board Change • Mar 26
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. 12 experienced directors. No highly experienced directors. No independent directors (9 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. Announcement • Feb 05
Tung Kuang Industrial Joint Stock Company, Annual General Meeting, Apr 24, 2026 Tung Kuang Industrial Joint Stock Company, Annual General Meeting, Apr 24, 2026. Location: tung kuang industrial jsc, no 3 road 2 a bien hoa ii industrial park, lung hung ward dong nai province, Vietnam Reported Earnings • Jul 22
Second quarter 2025 earnings released: EPS: ₫186 (vs ₫408 in 2Q 2024) Second quarter 2025 results: EPS: ₫186 (down from ₫408 in 2Q 2024). Revenue: ₫167.8b (down 25% from 2Q 2024). Net income: ₫8.71b (down 54% from 2Q 2024). Profit margin: 5.2% (down from 8.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 08
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to ₫14,600. The fair value is estimated to be ₫11,723, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Jun 24
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫707.9b market cap, or US$26.9m). Buy Or Sell Opportunity • Jun 20
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to ₫15,100. The fair value is estimated to be ₫12,150, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 03
Now 29% overvalued The stock has been flat over the last 90 days, currently trading at ₫15,900. The fair value is estimated to be ₫12,361, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫16,400, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 15x in the Metals and Mining industry in Vietnam. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫14,800, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 14x in the Metals and Mining industry in Vietnam. Total loss to shareholders of 29% over the past three years. Board Change • Feb 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. 11 experienced directors. No highly experienced directors. No independent directors (9 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 • 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. Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫670.4b market cap, or US$27.5m). New Risk • Aug 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫656.3b market cap, or US$26.3m). New Risk • Aug 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 (15% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (₫726.7b market cap, or US$29.1m). Reported Earnings • Jan 23
Full year 2023 earnings released: ₫469 loss per share (vs ₫1,572 profit in FY 2022) Full year 2023 results: ₫469 loss per share (down from ₫1,572 profit in FY 2022). Revenue: ₫772.7b (down 35% from FY 2022). Net loss: ₫22.0b (down 133% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Nov 25
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 9.1% 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 Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 4.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₫496.9b market cap, or US$20.5m). New Risk • Oct 24
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.4x 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 (0.4x net interest cover). Earnings have declined by 4.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₫473.5b market cap, or US$19.3m). Upcoming Dividend • Aug 24
Upcoming dividend of ₫500 per share at 7.5% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 20 December 2023. Trailing yield: 7.5%. Lower than top quartile of Vietnamese dividend payers (8.8%). Higher than average of industry peers (1.7%). New Risk • Jul 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x 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 Risk Interest payments are not well covered by earnings (2.6x net interest cover). 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 (7.1% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₫507.2b market cap, or US$21.4m). Reported Earnings • Jul 25
Second quarter 2023 earnings released: ₫46.00 loss per share (vs ₫793 profit in 2Q 2022) Second quarter 2023 results: ₫46.00 loss per share (down from ₫793 profit in 2Q 2022). Revenue: ₫186.6b (down 45% from 2Q 2022). Net loss: ₫1.95b (down 106% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Apr 27
First quarter 2023 earnings released: ₫106 loss per share (vs ₫423 profit in 1Q 2022) First quarter 2023 results: ₫106 loss per share (down from ₫423 profit in 1Q 2022). Revenue: ₫174.1b (down 49% from 1Q 2022). Net loss: ₫4.52b (down 125% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 26
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. No highly experienced directors. No independent directors (9 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 • Mar 19
Full year 2022 earnings released: EPS: ₫1,729 (vs ₫2,987 in FY 2021) Full year 2022 results: EPS: ₫1,729 (down from ₫2,987 in FY 2021). Revenue: ₫1.19t (up 34% from FY 2021). Net income: ₫67.3b (down 31% from FY 2021). Profit margin: 5.6% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. 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. 11 experienced directors. No highly experienced directors. No independent directors (9 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: EPS: ₫652 (vs ₫287 in 3Q 2021) Third quarter 2022 results: EPS: ₫652 (up from ₫287 in 3Q 2021). Revenue: ₫304.1b (up 93% from 3Q 2021). Net income: ₫25.3b (up 107% from 3Q 2021). Profit margin: 8.3% (up from 7.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Sep 13
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 20 December 2022. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 8.7%. Within top quartile of Vietnamese dividend payers (7.6%). Higher than average of industry peers (1.5%). Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: ₫872 (vs ₫1,132 in 2Q 2021) Second quarter 2022 results: EPS: ₫872 (down from ₫1,132 in 2Q 2021). Revenue: ₫337.6b (up 14% from 2Q 2021). Net income: ₫33.8b (down 23% from 2Q 2021). Profit margin: 10.0% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. 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. No highly experienced directors. No independent directors (9 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. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₫32,700, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 7x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 371% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to ₫29,000, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 7x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 366% over the past three years. Reported Earnings • Jan 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₫2,507 (up from ₫1,718 in FY 2020). Revenue: ₫892.7b (up 5.8% from FY 2020). Net income: ₫97.1b (up 46% from FY 2020). Profit margin: 11% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫28,500, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 10x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 335% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 19% share price gain to ₫42,300, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 11x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 387% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₫36,800, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 11x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 304% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 18% share price gain to ₫26,000, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 9x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 227% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫18,100, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 14x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₫23,000, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 16x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 145% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫279.6b (up 17% from 1Q 2020). Net income: ₫28.9b (up 108% from 1Q 2020). Profit margin: 10% (up from 5.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₫18,700, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 15x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 18% share price gain to ₫15,400, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 14x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫13,100, the stock is trading at a trailing P/E ratio of 6.4x, down from the previous P/E ratio of 7.5x. This compares to an average P/E of 9x in the Metals and Mining industry in Vietnam. Total returns to shareholders over the past three years are 37%. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₫15,000, the stock is trading at a trailing P/E ratio of 7.3x, up from the previous P/E ratio of 6.1x. This compares to an average P/E of 9x in the Metals and Mining industry in Vietnam. Total returns to shareholders over the past three years are 57%. Reported Earnings • Jan 27
Full year 2020 earnings released: EPS ₫2,061 (vs ₫1,372 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₫843.4b (flat on FY 2019). Net income: ₫66.6b (up 58% from FY 2019). Profit margin: 7.9% (up from 5.0% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 20% share price gain to ₫14,000, the stock is trading at a trailing P/E ratio of 9.7x, up from the previous P/E ratio of 8.1x. This compares to an average P/E of 11x in the Metals and Mining industry in Vietnam. Total returns to shareholders over the past three years are 75%. Is New 90 Day High Low • Dec 16
New 90-day low: ₫10,800 The company is down 22% from its price of ₫13,900 on 17 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 55% over the same period. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫11,800, the stock is trading at a trailing P/E ratio of 8.2x, down from the previous P/E ratio of 9.7x. This compares to an average P/E of 12x in the Metals and Mining industry in Vietnam. Total returns to shareholders over the past three years are 37%. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫46.5b, up 12% from the prior year. Total revenue was ₫807.8b over the last 12 months, down 2.9% from the prior year. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫46.5b, up 12% from the prior year. Total revenue was ₫807.8b over the last 12 months, down 2.9% from the prior year. Valuation Update With 7 Day Price Move • Oct 19
Market pulls back on stock over the past week After last week's 16% share price decline to ₫14,200, the stock is trading at a trailing P/E ratio of 11x, down from the previous P/E ratio of 13.2x. This compares to an average P/E of 11x in the Metals and Mining industry in Vietnam. Total returns to shareholders over the past three years are 39%. Is New 90 Day High Low • Sep 28
New 90-day high: ₫15,600 The company is up 12% from its price of ₫13,900 on 30 June 2020. The Vietnamese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 15% over the same period.