Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: ₫353 (vs ₫216 in 1Q 2025) First quarter 2026 results: EPS: ₫353 (up from ₫216 in 1Q 2025). Revenue: ₫29.0b (up 8.0% from 1Q 2025). Net income: ₫3.82b (up 64% from 1Q 2025). Profit margin: 13% (up from 8.7% in 1Q 2025). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Apr 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to ₫13,500. The fair value is estimated to be ₫17,404, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last year. Earnings per share has grown by 55%. Tillkännagivande • Mar 06
Viettronics Tan Binh Joint Stock Company, Annual General Meeting, Apr 24, 2026 Viettronics Tan Binh Joint Stock Company, Annual General Meeting, Apr 24, 2026, at 08:00 SE Asia Standard Time. Location: no. 248a no trang long, binh thanh ward, ho chi minh Vietnam Reported Earnings • Jan 23
Full year 2025 earnings released: EPS: ₫1,555 (vs ₫1,068 in FY 2024) Full year 2025 results: EPS: ₫1,555 (up from ₫1,068 in FY 2024). Revenue: ₫135.2b (up 18% from FY 2024). Net income: ₫16.8b (up 46% from FY 2024). Profit margin: 12% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫21,600, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 11x in the Consumer Durables industry in Vietnam. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to ₫17,250, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 11x in the Consumer Durables industry in Vietnam. Total returns to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫21,850, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 12x in the Consumer Durables industry in Vietnam. Total returns to shareholders of 132% over the past three years. New Risk • Nov 15
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 6.6% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Cash payout ratio: 155% Market cap is less than US$10m (₫172.3b market cap, or US$6.55m). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₫16,100, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 12x in the Consumer Durables industry in Vietnam. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫11,350, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 11x in the Consumer Durables industry in Vietnam. Total returns to shareholders of 29% over the past three years. New Risk • Oct 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 130% Cash payout ratio: 155% Dividend yield: 9.6% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Cash payout ratio: 155% Market cap is less than US$10m (₫105.9b market cap, or US$4.02m). Reported Earnings • Oct 17
Third quarter 2025 earnings released: EPS: ₫228 (vs ₫302 in 3Q 2024) Third quarter 2025 results: EPS: ₫228 (down from ₫302 in 3Q 2024). Revenue: ₫33.8b (up 4.7% from 3Q 2024). Net income: ₫2.46b (down 25% from 3Q 2024). Profit margin: 7.3% (down from 10% in 3Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 17
First quarter 2025 earnings released First quarter 2025 results: EPS: ₫216. Net income: ₫2.34b (up ₫2.34b from 1Q 2024). New Risk • Feb 27
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 5.3% 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 Risks Latest financial reports are more than 1 year old (reported December 2015 fiscal period end). Market cap is less than US$10m (₫110.2b market cap, or US$4.30m). 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 (5.3% average weekly change). Tillkännagivande • Feb 26
Viettronics Tan Binh Joint Stock Company, Annual General Meeting, Apr 17, 2025 Viettronics Tan Binh Joint Stock Company, Annual General Meeting, Apr 17, 2025, at 08:00 SE Asia Standard Time. Location: no. 248a, no trang long street, ward 12, binh thanh district, hcmc., Vietnam Buy Or Sell Opportunity • Jan 22
Now 23% overvalued Over the last 90 days, the stock has fallen 2.4% to ₫10,200. The fair value is estimated to be ₫8,289, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jan 06
Now 23% overvalued Over the last 90 days, the stock has fallen 2.9% to ₫10,150. The fair value is estimated to be ₫8,285, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Upcoming Dividend • Dec 23
Upcoming dividend of ₫900 per share Eligible shareholders must have bought the stock before 30 December 2024. Payment date: 10 January 2025. Trailing yield: 9.3%. Within top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (4.1%). Tillkännagivande • Feb 28
Viettronics Tan Binh Joint Stock Company, Annual General Meeting, Apr 20, 2024 Viettronics Tan Binh Joint Stock Company, Annual General Meeting, Apr 20, 2024. Upcoming Dividend • Sep 26
Upcoming dividend of ₫800 per share at 9.3% yield Eligible shareholders must have bought the stock before 03 October 2023. Payment date: 13 October 2023. Trailing yield: 9.3%. Within top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (7.0%). Tillkännagivande • Sep 21
Viettronics Tan Binh Joint Stock Company Approves Cash Dividend, Payable on October 13, 2023 The Board resolution dated September 19, 2023, the BOD of Viettronics Tan Binh Joint Stock Company approved the plan to pay for the remaining cash dividend in 2022 as follows: Record date: October 04, 2023. Exercise ratio: To pay for the remaining cash dividend for 2022: 3%. To pay for the 1st cash dividend for 2023: 5%. Payment time: October 13, 2023. Board Change • Feb 20
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. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Chairman of the Board Manh Bui was the last 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: Lack of independent directors. Insufficient board refreshment. 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. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Chairman of the Board Manh Bui was the last 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: Lack of independent directors. Insufficient board refreshment. Tillkännagivande • Nov 12
Viettronics Tan Binh Joint Stock Company Announces the Change in Personnel Viettronics Tan Binh Joint Stock Company announces the change in personnel as follows: announced appointment of Mr. Vo Sang Banh of person in charge of administration cum secretary and resignation of Mr. Huynh Duc Hien person in charge of administration cum secretary, Both Effective date: November 01, 2022. Upcoming Dividend • Sep 06
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 28 September 2022. Trailing yield: 8.1%. Within top quartile of Vietnamese dividend payers (7.4%). Higher than average of industry peers (5.3%). Tillkännagivande • Aug 31
Tan Binh Joint Stock Company Announces Cash Dividend for 2021 and First Cash Dividend for 2022, Payable on September 28, 2022 The Board of Directors of Viettronics Tan Binh JSC approved to pay remaining cash dividend for 2021 and to pay first cash dividend for 2022 as follows: to pay remaining cash dividend for 2021 is 5%, pay first cash dividend for 2022 is 5%. Record date is September 14, 2022 and payment date September 28, 2022. 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. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Chairman of the Board Manh Bui was the last 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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 19
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 16 September 2021. Trailing yield: 8.1%. Within top quartile of Vietnamese dividend payers (7.2%). Higher than average of industry peers (6.1%). Is New 90 Day High Low • Jan 08
New 90-day high: ₫11,600 The company is up 18% from its price of ₫9,810 on 09 October 2020. The Vietnamese market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: ₫11,550 The company is up 17% from its price of ₫9,900 on 24 September 2020. The Vietnamese market is also up 17% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Consumer Durables industry, which is up 22% over the same period. Upcoming Dividend • Nov 16
Upcoming Dividend of ₫500 Per Share Will be paid on the 10th of December to those who are registered shareholders by the 23rd of November. The trailing yield of 9.8% is in the top quartile of Vietnamese dividend payers (9.1%), and it is higher than industry peers (1.6%). Is New 90 Day High Low • Oct 19
New 90-day high: ₫10,450 The company is up 7.0% from its price of ₫9,800 on 21 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 Consumer Durables industry, which is up 21% over the same period. 