Announcement • Mar 19
Pomina Steel Joint Stock Company, Annual General Meeting, May 04, 2026 Pomina Steel Joint Stock Company, Annual General Meeting, May 04, 2026. Announcement • Feb 20
Pomina Steel Joint Stock Company, Annual General Meeting, Mar 01, 2024 Pomina Steel Joint Stock Company, Annual General Meeting, Mar 01, 2024. Location: No.17 Le Duan street, district 1, HCMC Ho Chi Minh City Vietnam New Risk • Feb 10
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₫331b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₫331b free cash flow). Share price has been highly volatile over the past 3 months (7.0% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₫1.35t market cap, or US$55.3m). New Risk • Feb 05
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 7.0% 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 Share price has been highly volatile over the past 3 months (7.0% average weekly change). Earnings have declined by 60% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₫1.35t market cap, or US$55.2m). Announcement • Oct 18
Pomina Steel Joint Stock Company announced that it expects to receive VND 106.04038 billion in funding Pomina Steel Joint Stock Company announced a private placement of 10,604,038 common share at a price of VND 10,000 per share for gross proceeds of VND 106,040,380,000 on October 16, 2023. The transaction has been approved by board of directors of the company. The shares issued in the transaction is subject to transfer restrictions of 3 years from the date of closing the transaction. The transaction is expected to close in the 4th quarter of 2023. Reported Earnings • Aug 03
Second quarter 2023 earnings released: ₫1,878 loss per share (vs ₫224 loss in 2Q 2022) Second quarter 2023 results: ₫1,878 loss per share (further deteriorated from ₫224 loss in 2Q 2022). Revenue: ₫799.4b (down 79% from 2Q 2022). Net loss: ₫349.9b (loss widened 462% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Jul 18
Pomina Steel Joint Stock Company Provides Earnings Guidance the Year 2023 Pomina Steel Joint Stock Company provided earnings guidance for the year 2023. The company at its Annual General Meeting held on July 14, 2023, approved the business plan for the year 2023. For the year, the company expects net revenue to be VND 9,000 billion. Loss after tax to be VND 150 billion. Announcement • Jul 06
Pomina Steel Joint Stock Company, Annual General Meeting, Jul 14, 2023 Pomina Steel Joint Stock Company, Annual General Meeting, Jul 14, 2023, at 02:00 Coordinated Universal Time. Location: Sofitel Saigon hotel, 17 Le Duan street, district 1 HCM City Vietnam Reported Earnings • May 04
First quarter 2023 earnings released: ₫1,002 loss per share (vs ₫253 profit in 1Q 2022) First quarter 2023 results: ₫1,002 loss per share (down from ₫253 profit in 1Q 2022). Revenue: ₫1.65t (down 62% from 1Q 2022). Net loss: ₫186.6b (down 365% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Pomina Steel Joint Stock Company Announces Executive Changes Pomina Steel Corporation announced the appointment of Mr. Do Duy Thai, newly appointed position is Chairman of the BOD, effective date is February 10, 2023. Mr. Do Ten Si, newly appointed position is Deputy Chairman of the BOD, effective date is February 10, 2023. Reported Earnings • Feb 05
Full year 2022 earnings released: ₫6,263 loss per share (vs ₫654 profit in FY 2021) Full year 2022 results: ₫6,263 loss per share (down from ₫654 profit in FY 2021). Revenue: ₫13t (down 7.6% from FY 2021). Net loss: ₫1.17t (down ₫1.35t from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. 5 non-independent directors. Deputy Chairman of Board Khanh Do 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. Reported Earnings • Aug 07
Second quarter 2022 earnings released: ₫334 loss per share (vs ₫1,353 profit in 2Q 2021) Second quarter 2022 results: ₫334 loss per share (down from ₫1,353 profit in 2Q 2021). Revenue: ₫3.80t (flat on 2Q 2021). Net loss: ₫62.3b (down 149% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jun 24
Pomina Steel Joint Stock Company Appoints Do Van Khanh as Deputy Chairman of BOD Pomina Steel Joint Stock Company announced that it has approved the appointment of Mr. Do Van Khanh as Deputy Chairman of BOD of the Company. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₫7,360, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 6x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 30% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: ₫378 (vs ₫267 in 1Q 2021) First quarter 2022 results: EPS: ₫378. Revenue: ₫4.36t (up 61% from 1Q 2021). Net income: ₫70.4b (down 5.6% from 1Q 2021). Profit margin: 1.6% (down from 2.8% in 1Q 2021). The decrease in margin was driven by higher expenses. 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. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Chairman Do Chieu was the last director to join the board, commencing their role in 2015. 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 • Apr 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫11,050, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 7x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 45% 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 17% share price gain to ₫15,150, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 7x 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 • Aug 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₫17,200, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 9x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 76% over the past three years. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS ₫683 (vs ₫317 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫3.78t (up 50% from 2Q 2020). Net income: ₫127.3b (up ₫215.7b from 2Q 2020). Profit margin: 3.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% 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 • Jul 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫13,900, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 8x in the Metals and Mining industry in Vietnam. Total returns to shareholders of 33% over the past three years. Is New 90 Day High Low • Mar 01
New 90-day high: ₫15,550 The company is up 18% from its price of ₫13,150 on 01 December 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 30% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: ₫5,700 The company is up 14% from its price of ₫5,000 on 13 August 2020. The Vietnamese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 29% over the same period. Is New 90 Day High Low • Oct 16
New 90-day high: ₫5,550 The company is up 8.0% from its price of ₫5,120 on 17 July 2020. The Vietnamese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 21% over the same period. 
