Board Change • Jul 03
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 Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 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 Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Declared Dividend • May 06
First half dividend of ₫1,750 announced Shareholders will receive a dividend of ₫1,750. Ex-date: 20th May 2026 Payment date: 24th June 2026 Dividend yield will be 7.2%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 21
Second quarter 2026 earnings released: EPS: ₫998 (vs ₫786 in 2Q 2025) Second quarter 2026 results: EPS: ₫998 (up from ₫786 in 2Q 2025). Revenue: ₫61.6b (up 7.2% from 2Q 2025). Net income: ₫33.5b (up 24% from 2Q 2025). Profit margin: 54% (up from 47% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Board Change • Apr 03
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 Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 24
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 Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 06
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 Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jan 21
First quarter 2026 earnings released: EPS: ₫887 (vs ₫790 in 1Q 2025) First quarter 2026 results: EPS: ₫887 (up from ₫790 in 1Q 2025). Revenue: ₫58.3b (up 2.0% from 1Q 2025). Net income: ₫30.5b (up 12% from 1Q 2025). Profit margin: 52% (up from 48% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Announcement • Jan 16
Tan Binh Import - Export Joint Stock Corporation Announces Change in Certificate of Business Registration Tan Binh Import - Export Joint Stock Corporation announced change of address on Business Registration certificate: Information before change: TP.HCM/325 Ly Thuong Kiet, Ward 9, District Tan Binh, HCM City. Information after change: TP.HCM, Viet Nam/325 Ly Thuong Kiet, Ward Tan Binh, HCM City, Viet Nam. Effective date January 14, 2026. New Risk • Jan 06
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 6.0% 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: 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 (6.0% average weekly change). Market cap is less than US$100m (₫1.23t market cap, or US$46.7m). Board Change • Dec 22
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 Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Dec 06
Full year 2025 earnings released: EPS: ₫3,298 (vs ₫3,009 in FY 2024) Full year 2025 results: EPS: ₫3,298 (up from ₫3,009 in FY 2024). Revenue: ₫245.5b (up 13% from FY 2024). Net income: ₫98.9b (up 9.6% from FY 2024). Profit margin: 40% (down from 41% in FY 2024). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 14
Upcoming dividend of ₫1,250 per share Eligible shareholders must have bought the stock before 21 November 2025. Payment date: 24 December 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (4.2%). Declared Dividend • Oct 30
Final dividend of ₫1,250 announced Shareholders will receive a dividend of ₫1,250. Ex-date: 21st November 2025 Payment date: 24th December 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 19
Full year 2025 earnings released: EPS: ₫3,270 (vs ₫3,009 in FY 2024) Full year 2025 results: EPS: ₫3,270 (up from ₫3,009 in FY 2024). Revenue: ₫245.5b (up 13% from FY 2024). Net income: ₫115.4b (up 28% from FY 2024). Profit margin: 47% (up from 41% in FY 2024). The increase in margin was driven by higher revenue. 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 14% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 08
Now 21% undervalued Over the last 90 days, the stock has risen 13% to ₫43,000. The fair value is estimated to be ₫54,719, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.0%. Buy Or Sell Opportunity • Sep 18
Now 21% undervalued Over the last 90 days, the stock has risen 13% to ₫43,000. The fair value is estimated to be ₫54,593, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.0%. Board Change • Aug 01
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jul 20
Third quarter 2025 earnings released: EPS: ₫1,134 (vs ₫643 in 3Q 2024) Third quarter 2025 results: EPS: ₫1,134 (up from ₫643 in 3Q 2024). Revenue: ₫73.5b (up 31% from 3Q 2024). Net income: ₫38.9b (up 76% from 3Q 2024). Profit margin: 53% (up from 39% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • May 15
Upcoming dividend of ₫1,750 per share Eligible shareholders must have bought the stock before 20 May 2025. Payment date: 25 June 2025. Payout ratio and cash payout ratio are on the higher end at 84% and 76% respectively. Trailing yield: 6.4%. Lower than top quartile of Vietnamese dividend payers (7.9%). Higher than average of industry peers (3.3%). Declared Dividend • May 01
First half dividend of ₫1,750 announced Shareholders will receive a dividend of ₫1,750. Ex-date: 20th May 2025 Payment date: 25th June 2025 Dividend yield will be 7.9%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
Second quarter 2025 earnings released: EPS: ₫786 (vs ₫867 in 2Q 2024) Second quarter 2025 results: EPS: ₫786 (down from ₫867 in 2Q 2024). Revenue: ₫57.5b (up 9.5% from 2Q 2024). Net income: ₫27.0b (down 9.3% from 2Q 2024). Profit margin: 47% (down from 57% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Nov 15
Upcoming dividend of ₫1,250 per share Eligible shareholders must have bought the stock before 20 November 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Lower than top quartile of Vietnamese dividend payers (8.4%). Higher than average of industry peers (2.8%). Buy Or Sell Opportunity • Nov 12
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to ₫34,700. The fair value is estimated to be ₫27,671, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Earnings per share has declined by 4.0%. New Risk • Nov 06
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 5.1% 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: Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (₫978.0b market cap, or US$38.1m). Declared Dividend • Nov 01
Final dividend of ₫1,250 announced Dividend of ₫1,250 is the same as last year. Ex-date: 20th November 2024 Payment date: 25th December 2024 Dividend yield will be 8.7%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 01
Tan Binh Import - Export Joint Stock Corporation, Annual General Meeting, Jan 08, 2025 Tan Binh Import - Export Joint Stock Corporation, Annual General Meeting, Jan 08, 2025. Location: eastin grand sai gon hotel, 253 nguyen van troi street, phu nhuan district, hcm Vietnam Buy Or Sell Opportunity • Oct 28
Now 25% overvalued The stock has been flat over the last 90 days, currently trading at ₫35,000. The fair value is estimated to be ₫28,095, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Earnings per share has declined by 4.0%. Reported Earnings • Oct 18
Full year 2024 earnings released: EPS: ₫3,054 (vs ₫3,014 in FY 2023) Full year 2024 results: EPS: ₫3,054 (up from ₫3,014 in FY 2023). Revenue: ₫218.0b (up 4.2% from FY 2023). Net income: ₫105.2b (up 16% from FY 2023). Profit margin: 48% (up from 43% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Buy Or Sell Opportunity • Oct 03
Now 21% overvalued Over the last 90 days, the stock has fallen 1.4% to ₫35,000. The fair value is estimated to be ₫28,849, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has declined by 6.3%. Buy Or Sell Opportunity • Aug 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to ₫35,500. The fair value is estimated to be ₫29,189, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has declined by 6.3%. Reported Earnings • Jul 23
Third quarter 2024 earnings released: EPS: ₫643 (vs ₫739 in 3Q 2023) Third quarter 2024 results: EPS: ₫643 (down from ₫739 in 3Q 2023). Revenue: ₫56.3b (up 5.0% from 3Q 2023). Net income: ₫22.2b (down 13% from 3Q 2023). Profit margin: 39% (down from 48% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • May 15
Upcoming dividend of ₫1,750 per share Eligible shareholders must have bought the stock before 22 May 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 42% and the cash payout ratio is 99%. Trailing yield: 8.7%. Lower than top quartile of Vietnamese dividend payers (8.8%). Higher than average of industry peers (3.1%). Declared Dividend • Apr 27
First half dividend of ₫1,750 announced Dividend of ₫1,750 is the same as last year. Ex-date: 22nd May 2024 Payment date: 26th June 2024 Dividend yield will be 8.7%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 3.4% over the last 5 years so the company would need to reverse this trend. Announcement • Apr 27
Tan Binh Import - Export Joint Stock Corporation Announces Cash Dividend Payment for 2023 and 2024, Payable on June 26, 2024 On April 25, 2024, Tan Binh Import Export Joint Stock Corporation issued Decision to approve the cash dividend payment for 2023 and 2024. Record date: May 23, 2024 Ex-right date: May 22, 2024 Exercise ratio: 17.5%/par value (1,750 dongs/share); Of which: To pay for 2023 remaining cash dividend: 5% To pay the 1st cash dividend for 2024: 12.5%. Payment date: June 26, 2024. Reported Earnings • Apr 20
Second quarter 2024 earnings released: EPS: ₫832 (vs ₫928 in 2Q 2023) Second quarter 2024 results: EPS: ₫832 (down from ₫928 in 2Q 2023). Revenue: ₫52.5b (down 2.0% from 2Q 2023). Net income: ₫28.6b (down 10% from 2Q 2023). Profit margin: 55% (down from 59% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. 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 6% per year, which means it is well ahead of earnings. Reported Earnings • Jan 21
First quarter 2024 earnings released: EPS: ₫743 (vs ₫655 in 1Q 2023) First quarter 2024 results: EPS: ₫743 (up from ₫655 in 1Q 2023). Revenue: ₫53.2b (up 6.5% from 1Q 2023). Net income: ₫25.6b (up 13% from 1Q 2023). Profit margin: 48% (up from 45% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jan 20
Tan Binh Import - Export Joint Stock Corporation Provides Dividend Guidance for the Fiscal Year 2024 Tan Binh Import - Export Joint Stock Corporation provided dividend guidance for the fiscal year 2024. The company approved profit distribution plan of 25% for the fiscal year 2024. Announcement • Jan 19
Tan Binh Import - Export Joint Stock Corporation Provides Earnings Guidance for the Year 2024 Tan Binh Import - Export Joint Stock Corporation provided earnings guidance for the year 2024. For the period, the company expects Revenue of VND 249,000,000,000 and Profit after tax of VND 96,000,000,000. Board Change • Dec 25
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 15
Upcoming dividend of ₫1,250 per share at 10% yield Eligible shareholders must have bought the stock before 22 November 2023. Payment date: 27 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 10%. Within top quartile of Vietnamese dividend payers (9.2%). Higher than average of industry peers (4.4%). Announcement • Nov 11
Tan Binh Import - Export Joint Stock Corporation, Annual General Meeting, Jan 11, 2024 Tan Binh Import - Export Joint Stock Corporation, Annual General Meeting, Jan 11, 2024. Location: No.253 Nguyen Van Troi street, Phu Nhuan district Ho Chi Minh City Vietnam Announcement • Nov 09
Tan Binh Import – Export Joint Stock Corporation Approves Second Cash Dividend for 2023, Payable on December 27, 2023 On November 03, 2023, the board of directors of Tan Binh Import – Export Joint Stock Corporation approved the record date to pay second cash dividend for 2023 is November 23, 2023. Exercise ratio is 12.5% per par value (1,250 dongs/share). Payment date is December 27, 2023. Board Change • Oct 24
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jul 20
Third quarter 2023 earnings released: EPS: ₫739 (vs ₫441 in 3Q 2022) Third quarter 2023 results: EPS: ₫739 (up from ₫441 in 3Q 2022). Revenue: ₫53.6b (down 6.9% from 3Q 2022). Net income: ₫25.4b (up 67% from 3Q 2022). Profit margin: 48% (up from 27% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. New Risk • Jul 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 189% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 189% Minor Risk Market cap is less than US$100m (₫1.01t market cap, or US$42.6m). Upcoming Dividend • May 17
Upcoming dividend of ₫1,750 per share at 7.3% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 28 June 2023. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 7.3%. Lower than top quartile of Vietnamese dividend payers (8.8%). Higher than average of industry peers (3.6%). Board Change • May 11
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 12
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 29
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 15
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Liem Phan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jan 18
First quarter 2023 earnings released: EPS: ₫655 (vs ₫878 in 1Q 2022) First quarter 2023 results: EPS: ₫655 (down from ₫878 in 1Q 2022). Revenue: ₫50.0b (up 3.1% from 1Q 2022). Net income: ₫22.6b (down 25% from 1Q 2022). Profit margin: 45% (down from 62% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Nov 16
Upcoming dividend of ₫1,250 per share Eligible shareholders must have bought the stock before 22 November 2022. Payment date: 26 December 2022. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 7.9%. Lower than top quartile of Vietnamese dividend payers (11%). Higher than average of industry peers (4.4%). 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. 4 non-independent directors. CEO & Deputy Chair Truong Tran was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Full year 2022 earnings released: EPS: ₫3,121 (vs ₫3,324 in FY 2021) Full year 2022 results: EPS: ₫3,121. Revenue: ₫230.6b (down 13% from FY 2021). Net income: ₫111.4b (up 12% from FY 2021). Profit margin: 48% (up from 38% in FY 2021). The increase in margin was driven by lower expenses. Upcoming Dividend • May 17
Upcoming dividend of ₫1,250 per share Eligible shareholders must have bought the stock before 24 May 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (2.0%). Announcement • May 10
Tan Binh Import Export Joint Stock Company Announces of Cash Dividend Payment for 2021, Payable on June 27, 2022 Tan Binh Import Export Joint Stock Company announced cash dividend payment for 2021 of 1,250 dongs/share. Payment date is June 27, 2022. Record date is May 25, 2022. Board Change • Apr 27
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. 4 non-independent directors. CEO & Deputy Chair Truong Tran was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₫3,324 (up from ₫2,533 in FY 2020). Revenue: ₫265.4b (up 46% from FY 2020). Net income: ₫99.7b (up 31% from FY 2020). Profit margin: 38% (down from 42% in FY 2020). 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 fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Dec 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₫3,324 (up from ₫2,533 in FY 2020). Revenue: ₫265.4b (up 46% from FY 2020). Net income: ₫99.7b (up 31% from FY 2020). Profit margin: 38% (down from 42% in FY 2020). 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 fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 05
Upcoming dividend of ₫1,250 per share Eligible shareholders must have bought the stock before 12 November 2021. Payment date: 27 December 2021. Trailing yield: 6.5%. Within top quartile of Vietnamese dividend payers (6.0%). Higher than average of industry peers (1.5%). Reported Earnings • Oct 25
Full year 2021 earnings released: EPS ₫3,418 (vs ₫2,533 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₫265.4b (up 46% from FY 2020). Net income: ₫117.5b (up 55% from FY 2020). Profit margin: 44% (up from 42% 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 1% per year and the company’s share price has also fallen by 1% per year. Announcement • Jun 11
An unknown buyer agreed to acquire Thinh Phat Transportation Services Joint Stock Company from Tan Binh Import Export Joint Stock Company (HOSE:TIX) for VND 7.6 billion. An unknown buyer agreed to acquire Thinh Phat Transportation Services Joint Stock Company from Tan Binh Import Export Joint Stock Company (HOSE:TIX) for VND 7.6 billion on June 9, 2021. Tan Binh Import Export Joint Stock Company will sell 0.4834 million shares for VND 15,700. Upcoming Dividend • May 12
Upcoming dividend of ₫1,250 per share Eligible shareholders must have bought the stock before 19 May 2021. Payment date: 25 June 2021. Trailing yield: 8.2%. Within top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (3.0%). Reported Earnings • Dec 06
Full year 2020 earnings released: EPS ₫2,533 The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: ₫182.0b (down 24% from FY 2019). Net income: ₫76.0b (down 19% from FY 2019). Profit margin: 42% (up from 39% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Is New 90 Day High Low • Nov 16
New 90-day high: ₫32,000 The company is up 15% from its price of ₫27,900 on 12 August 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 10.0% over the same period. Announcement • Nov 11
Tan Binh Import Export Joint Stock Company, Annual General Meeting, Feb 14, 2021 Tan Binh Import Export Joint Stock Company, Annual General Meeting, Feb 14, 2021. Location: Eastin Grand Hotel SaiGon - - Vietnam Agenda: To consider the report on business performance in 2020; to consider the report of the Board of Directors; to consider the report of the Internal Audit Board;to consider the business plan for 2021; to consider the remuneration of the Board of Directors and sub-boards in 2021; to consider the report on amending the Articles of Association. Reported Earnings • Oct 23
Full year earnings released - EPS ₫2,514 Over the last 12 months the company has reported total profits of ₫86.7b, down 7.1% from the prior year. Total revenue was ₫182.0b over the last 12 months, down 24% from the prior year. Profit margins were 48%, which is higher than the 39% margin from last year. The increase in margin was driven by lower expenses. Is New 90 Day High Low • Oct 20
New 90-day low: ₫27,000 The company is down 4.0% from its price of ₫28,100 on 22 July 2020. The Vietnamese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. 
