Reported Earnings • Aug 01
Second quarter 2026 earnings released: EPS: ₫723 (vs ₫308 in 2Q 2025) Second quarter 2026 results: EPS: ₫723 (up from ₫308 in 2Q 2025). Revenue: ₫272.3b (up 90% from 2Q 2025). Net income: ₫96.8b (up 128% from 2Q 2025). Profit margin: 36% (up from 30% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Apr 14
Binh Duong Mineral and Construction Joint Stock Company, Annual General Meeting, Jun 19, 2026 Binh Duong Mineral and Construction Joint Stock Company, Annual General Meeting, Jun 19, 2026. Buy Or Sell Opportunity • Apr 14
Now 23% overvalued Over the last 90 days, the stock has fallen 2.3% to ₫16,850. The fair value is estimated to be ₫13,742, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 8.7%. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: ₫1,164 (vs ₫477 in FY 2024) Full year 2025 results: EPS: ₫1,164 (up from ₫477 in FY 2024). Revenue: ₫710.9b (up 77% from FY 2024). Net income: ₫154.6b (up 238% from FY 2024). Profit margin: 22% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: ₫260 (vs ₫91.68 in 3Q 2024) Third quarter 2025 results: EPS: ₫260 (up from ₫91.68 in 3Q 2024). Revenue: ₫259.9b (up 191% from 3Q 2024). Net income: ₫35.5b (up 238% from 3Q 2024). Profit margin: 14% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫22,250, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 18x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 7.1% over the past three years. New Risk • Aug 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 39% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (₫2.06t market cap, or US$78.3m). Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: ₫342 (vs ₫87.94 in 2Q 2024) Second quarter 2025 results: EPS: ₫342 (up from ₫87.94 in 2Q 2024). Revenue: ₫143.1b (down 4.8% from 2Q 2024). Net income: ₫45.5b (up 285% from 2Q 2024). Profit margin: 32% (up from 7.9% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: ₫270 (vs ₫104 in 1Q 2024) First quarter 2025 results: EPS: ₫270 (up from ₫104 in 1Q 2024). Revenue: ₫126.9b (up 199% from 1Q 2024). Net income: ₫36.0b (up 221% from 1Q 2024). Profit margin: 28% (up from 26% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₫15,000, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 14x in the Metals and Mining industry in Vietnam. Total loss to shareholders of 61% over the past three years. Announcement • Mar 04
Binh Duong Mineral and Construction Joint Stock Company, Annual General Meeting, Apr 25, 2025 Binh Duong Mineral and Construction Joint Stock Company, Annual General Meeting, Apr 25, 2025. Location: 08 nguyen thi minh khai street, hoa lan 1 area, thuan giao ward, thuan an city, binh duong province, Vietnam Announcement • Jan 16
Binh Duong Mineral and Construction Joint Stock Company Appoints Nguyen Van Nhat as Deputy General Director On January 15, 2025, Binh Duong Mineral and Construction Joint Stock Company announced the appointment of Mr. Nguyen Van Nhat as Deputy General Director from January 15, 2025. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (₫2.16t market cap, or US$84.4m). Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: ₫92.00 (vs ₫224 in 3Q 2023) Third quarter 2024 results: EPS: ₫92.00 (down from ₫224 in 3Q 2023). Revenue: ₫89.5b (down 24% from 3Q 2023). Net income: ₫12.2b (down 29% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Aug 06
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: 6.8% Last year net profit margin: 14% 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 Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.8% net profit margin). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (₫1.97t market cap, or US$79.0m). New Risk • Apr 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.4% operating cash flow to total debt). Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (₫2.30t market cap, or US$89.7m). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫20,150, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 32x in the Metals and Mining industry in Vietnam. Total loss to shareholders of 5.1% over the past three years. New Risk • Apr 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% 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 Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding). Announcement • Mar 30
Binh Duong Mineral and Construction Joint Stock Company, Annual General Meeting, May 24, 2024 Binh Duong Mineral and Construction Joint Stock Company, Annual General Meeting, May 24, 2024. Location: No.8 Nguyen Thi Minh Khai street, Thuan Giao ward. Thuan An city Bình Duong Vietnam New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings have declined by 21% 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 Interest payments are not well covered by earnings (2.2x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (₫1.98t market cap, or US$81.0m). New Risk • Feb 19
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 5.9% 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 Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (₫1.98t market cap, or US$81.3m). Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: ₫868 (vs ₫1,717 in FY 2022) Full year 2023 results: EPS: ₫868 (down from ₫1,717 in FY 2022). Revenue: ₫528.6b (down 39% from FY 2022). Net income: ₫77.0b (down 41% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫21,000, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Metals and Mining industry in Asia. Total loss to shareholders of 2.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫10,795 per share. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫26,800, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Metals and Mining industry in Asia. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫11,140 per share. New Risk • Sep 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 257% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₫2.36t market cap, or US$96.8m). New Risk • Aug 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x 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 (1.1x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Jul 31
Second quarter 2023 earnings released: EPS: ₫545 (vs ₫437 in 2Q 2022) Second quarter 2023 results: EPS: ₫545. Revenue: ₫183.2b (down 36% from 2Q 2022). Net income: ₫46.5b (down 14% from 2Q 2022). Profit margin: 25% (up from 19% in 2Q 2022). New Risk • Jul 12
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: 15% Last year net profit margin: 21% 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 Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks High level of debt (54% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (₫2.36t market cap, or US$99.8m). Announcement • Jun 14
Binh Duong Mineral and Construction Joint Stock Company Provides Earnings Guidance for the Year 2023 Binh Duong Mineral and Construction Joint Stock Company provided earnings guidance for the year 2023. For the year, the company expects Revenue to be VND 980,000,000,000 and Profit before tax to be VND 210,000,000,000. Recent Insider Transactions • May 31
Secretary of Board of Directors recently sold ₫651m worth of stock On the 26th of May, Nguyen Van Dong sold around 65k shares on-market at roughly ₫10,000 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫24,700, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 5x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 83% over the past three years. Reported Earnings • Jan 23
Full year 2022 earnings released: EPS: ₫1,432 (vs ₫2,920 in FY 2021) Full year 2022 results: EPS: ₫1,432 (down from ₫2,920 in FY 2021). Revenue: ₫859.1b (down 2.8% from FY 2021). Net income: ₫152.3b (down 29% from FY 2021). Profit margin: 18% (down from 24% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₫20,400, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 5x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₫16,100, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 4x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 26% over the past three years. Board Change • Nov 16
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Nguyen Hoang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫14,450, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 4x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₫16,500, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 4x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₫22,450, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 5x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 39% over the past three years. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: ₫646 (vs ₫837 in 2Q 2021) Second quarter 2022 results: EPS: ₫646 (down from ₫837 in 2Q 2021). Revenue: ₫283.9b (down 12% from 2Q 2021). Net income: ₫57.2b (down 38% from 2Q 2021). Profit margin: 20% (down from 29% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₫27,900, the stock trades at a trailing P/E ratio of 10.3x. Average forward P/E is 9x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫32,700, the stock trades at a trailing P/E ratio of 12.2x. Average forward P/E is 9x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 82% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: ₫473 (vs ₫580 in 1Q 2021) First quarter 2022 results: EPS: ₫473 (down from ₫580 in 1Q 2021). Revenue: ₫261.8b (up 5.8% from 1Q 2021). Net income: ₫42.0b (down 1.4% from 1Q 2021). Profit margin: 16% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Nguyen Hoang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫38,950, the stock trades at a trailing P/E ratio of 13.9x. Average forward P/E is 10x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 106% over the past three years. Announcement • Apr 16
Binh Duong Mineral and Construction Joint Stock Company, Annual General Meeting, May 27, 2022 Binh Duong Mineral and Construction Joint Stock Company, Annual General Meeting, May 27, 2022. Location: 5/999 Nguyen Thi Minh Khai, Hoa Lan 1 Area, Thuan Giao Ward, Binh Duong Province Thuan An Vietnam Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₫36,500, the stock trades at a trailing P/E ratio of 11x. Average forward P/E is 10x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 95% over the past three years. Reported Earnings • Jan 23
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: ₫2,964 (down from ₫3,981 in FY 2020). Revenue: ₫884.2b (down 33% from FY 2020). Net income: ₫252.6b (down 10% from FY 2020). Profit margin: 29% (up from 21% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 40%, compared to a 18% growth forecast for the mining industry in Vietnam. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 07
Deputy CEO & Director recently sold ₫500m worth of stock On the 30th of December, Phong Nguyen sold around 50k shares on-market at roughly ₫10,000 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₫647m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫36,300, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 11x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 68% over the past three years. Recent Insider Transactions • Nov 17
Secretary of Board of Directors recently sold ₫148m worth of stock On the 12th of November, Nguyen Van Dong sold around 15k shares on-market at roughly ₫10,000 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 24
Third quarter 2021 earnings released: EPS ₫553 (vs ₫516 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₫80.4b (down 60% from 3Q 2020). Net income: ₫48.2b (up 32% from 3Q 2020). Profit margin: 60% (up from 18% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 15% share price gain to ₫32,900, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 11x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 40% over the past three years. Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS ₫851 (vs ₫1,236 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫320.9b (down 19% from 2Q 2020). Net income: ₫85.0b (down 23% from 2Q 2020). Profit margin: 27% (down from 28% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₫31,950, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 15% share price gain to ₫29,000, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 7x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₫26,050, the stock is trading at a trailing P/E ratio of 6.3x, down from the previous P/E ratio of 7.9x. This compares to an average P/E of 9x in the Metals and Mining industry in Vietnam. Total return to shareholders over the past three years is a loss of 13%. Reported Earnings • Jan 23
Full year 2020 earnings released: EPS ₫4,123 The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₫1.32t (flat on FY 2019). Net income: ₫319.3b (up 13% from FY 2019). Profit margin: 24% (up from 22% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 04
New 90-day high: ₫33,200 The company is up 23% from its price of ₫27,042 on 06 October 2020. The Vietnamese market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 51% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₫28,750 The company is up 16% from its price of ₫24,833 on 08 September 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 52% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: ₫27,300 The company is up 24% from its price of ₫22,083 on 20 August 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 38% over the same period. Announcement • Nov 13
Binh Duong Mineral and Construction Joint Stock Company Announces Resignation of Luong Vo Hung as Chief Financial Officer Binh Duong Mineral and Construction Joint Stock Company issued a decision to approve the resignation of Mr. Luong Vo Hung as Chief Financial Officer (CFO) from November 10, 2020. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫333.0b, up 46% from the prior year. Total revenue was ₫1.37t over the last 12 months, up 11% from the prior year. Is New 90 Day High Low • Oct 05
New 90-day high: ₫32,750 The company is up 36% from its price of ₫24,100 on 07 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 Metals and Mining industry, which is up 15% over the same period. 
