Accordingly, Sacombank’s shareholder meeting has approved the business plan of 2021 with the pre-tax profit target of 4,000 billion dong, up 20% year-on-year. In addition, total assets are 533,300 billion VND, an increase of 8% compared to 2020; the total mobilized capital reached 485,500 billion VND, an increase of 9% over the previous year. In which, mobilization from residents and economic organizations is expected to reach VND 478,300 billion, an increase of 9%; Total credit balance reached 372,000 billion VND, up 9% compared to 2020. Sacombank said, based on the allowed credit growth of the State Bank and the business situation in 2021, the Board of Directors will adjust appropriate deposit and loan growth target. NPL ratio with Sacombank’s target in control is below 2%. Answering questions from shareholders about business results in the first quarter of 2021, Ms. Nguyen Duc Thach Diem, General Director of Sacombank said that by the end of March 2021, Sacombank’s capital mobilization increased by over 3.5%, lending credit room reached 5.8%, revenue over 1,200 billion services. Bad debt settlement in 4 months is 2,280 billion dong. Profit reached 25% of the plan, equivalent to 1,000 billion VND. Sacombank’s Board of Directors also said that the bank’s profit retained was high at 6,000 billion dong. The Bank plans to use retained earnings to pay stock dividends, to increase charter capital as well as to meet shareholders’ expectations for many years without receiving dividends. Sacombank has submitted to the State Bank for dividends, but since the Bank is in the restructuring process, resources must be concentrated to handle bad debts. Sacombank aims to handle VND 10,000 billion of bad debt. Responding to shareholders about the dividend schedule, Mr. Duong Cong Minh, Chairman of the Board of Directors of Sacombank, said that when the restructuring is successful, the Bank’s Board of Directors promises to try to restructure successfully in 5 years, expected to be 2022 or more. to normal status, early 2023 will be able to pay dividends. According to Mr. Minh, the Bank is focusing on handling outstanding bad debts. The bank continues to open a public and transparent auction of Phong Phu industrial park. Over the past time, Phong Phu shareholders have had a lot of controversy to buy and sell lawsuits, so the People’s Committee of Ho Chi Minh City is suspending to resolve it completely, hoping to continue to handle it in 2021. In addition, Sacombank has also sold successful auction of many real estate to recover bad debt. Before the information about whether to merge LienVietPostBank (LPB) into Sacombank (STB) as well as the relationship between these two banks, Mr. Duong Cong Minh said: “LienVietPostBank is a natural child, I let go to get married, Sacombank is my daughter-in-law recently married, so I’m more precious, and my job is to focus on Sacombank “. In addition, the Chairman of Sacombank also informs shareholders about plans to sell capital to foreign investors that can only be resolved when the restructuring is successful. Speaking at the AGM of Sacombank this morning, the representative of the State Bank highly appreciated the handling of the post-merger bad debts of Sacombank. In particular, the role of the head of the Board of Directors is Mr. Duong Cong Minh – Chairman of the Board of Directors and Ms. Nguyen Duc Thach Diem – General Director of Sacombank. However, at the request of SBV leaders, after the epidemic is controlled, Sacombank needs to focus on promoting asset sales to handle bad debts and outstanding assets since the time of Tram Be at Phuong Bank. South after merging with Sacombank. By the end of 2020, Sacombank’s consolidated pre-tax profit reached VND 3,339 billion, an increase of 3.8% compared to 2019 and 30% higher than the plan. Profit after tax reached VND 2,682 billion, up 9.2%. Total provision balance of Sacombank by the end of 2020 is 13,000 billion VND, an increase of 43.3% compared to 2019 (equivalent to the level of provisioning in 2020 is 3,951 billion VND). As of December 31, 2020, total bank assets reached VND 492,637 billion, an increase of 8.6% compared to the end of the previous year. Customer deposits increased by 6.8%, reaching VND 427,972 billion. By the end of 2020, the total NPL of Sacombank increased by 0.8% to 5,780 billion VND. Meanwhile, customer loans balance grew 14.9% y / y to VND 340,268 billion. Thereby dragging the ratio of NPLs to total outstanding loans decreased from 1.94% to 1.7%. Sacombank’s revenue from collecting and handling bad debts in the past year reached more than VND 15,200 billion. In which, 8,200 billion VND was withdrawn from the Sacombank Restructuring Project after merging with Southern Bank. Raising the accumulated recovery from the project implementation to 46,457 billion VND, reaching 52.2% of the overall plan of the Project to 2025, exceeding 4.2% of the progress. Outstanding assets under the Project decreased by 48.2% compared to the end of 2016, accounting for 9.8% of total assets, contributing to increasing the proportion of profitable assets from 67.9% to 85.2%.

Traphaco’s system of medicine blister blister machines Specifically, net revenue reached nearly 472 billion, up 20.4% over the same period, after subtracting COGS, gross profit reached 265 billion, up 21% compared to the first quarter of 2020. Profit after tax reached VND 55.3 billion, an increase of 35% compared to the same period of 2020; Parent company EAT is more than 51 billion. In 2021, Traphaco sets a double growth business plan with the goal of consolidated revenue and profit after tax of VND 2,100 billion and VND 240 billion, up 10% and 11% respectively compared to the performance of 2020. Thus, after the first quarter of the year, the Company has reached 20.8% of the revenue plan and 23% of the profit after tax plan of the year. In the period of 2021 – 2025, Traphaco expects that the growth rate of revenue and pre-tax interest can reach a compound rate of 13.3% and 15%. Traphaco also said that during this term the company will restructure the traditional and non-traditional medicine businesses, in which the company will increase the proportion of the western medicine industry. When consolidating the business segments, Traphaco believes that the growth rate will be even higher than the plan set out for the 2021 – 2025 term. At the close of the session on April 22, TRA shares increased slightly by 0.1% to VND69,900 per share.

Accordingly, in order to restructure the investment portfolio, Intact Management Co., LTD registered to sell more than 4.62 million TCD shares, equivalent to the ownership ratio of 5.62% of capital. If the transaction is successful, this organization will reduce its ownership in TCD to 0%. Trading is done by matching and / or agreement method, expected time from April 28 to May 27, 2021. On the market, TCD shares were quite bleak when closing this morning on April 23 at the floor price of 13,050 dong / share, down 6.8%. If temporarily calculated at this market price, Intact Management Co., LTD will earn about VND 60.3 billion from the divestment at TCD. On April 29, Tracodi will hold its 2021 annual shareholder meeting to approve this year’s business plan with 2021 consolidated revenue target of 3,203 billion, an increase of 12.3% compared to 2020 and profit after tax. 280 billion, up strongly by 91.3%. In addition, TCD also plans to pay dividends in 2020 at 11% and 2021 at 14%. In which, the Company estimates consolidated revenue is expected in the first quarter of 2021 to reach more than 817 billion, up 69% over the same period. Profit before tax is estimated at 73.99 billion, 3.7 times higher than the same period in 2020. Accordingly, TCD has completed 25.5% of the revenue plan and 21.6% of the expected profit plan in 2021. .

AAA said that at the end of the first quarter of 2021, the recorded revenue reached 2,280 billion dong, up 45.04% over the same period last year, equivalent to an increase of 708 billion dong. Profit after tax in the first quarter of 2021 reached VND 89 billion, an increase of 41.27% over the same period last year, equivalent to an increase of VND 26 billion.

Regarding the business plan for the second quarter of 2021, AAA’s Board of Directors has approved the target of total consolidated revenue of VND 2,500 billion, consolidated profit after tax of VND 120 billion, up 138.05% and 162.16% respectively. compared with the same period last year.

AAA shares have grown strongly since the beginning of the year. Specifically, AAA shares currently increase by more than 20% compared to the market price at the beginning of the year on 4/1/2021 (14,550 VND / share).

In 2021, SBSI Securities Company forecasts that AAA’s revenue will reach VND 8,895 billion, an increase of 19.7%; AAA’s after-tax profit reached VND 621 billion, 2.2 times higher than that of 2020. In which, the profit dropping point came from 3 segments: industrial real estate, packaging and self-produced products. biodegradation continues to increase.

Specifically, the real estate segment rebounded thanks to the remaining area revenue of An Phat Complex Industrial Park and the new project An Phat 1 Industrial Park started commercial exploitation from the third quarter of this year. In addition, the production of packaging continues to increase thanks to the optimization of equipment productivity and the contribution from Jumbo bags of An Vinh Plastic and Packaging Company.

SSI Securities Company has also had a positive assessment report related to AAA. According to SSI, AAA has positive growth prospects in both the packaging segment and industrial real estate. In particular, the industrial park is expected to be the biggest profit growth driver this year, with gross profit estimated at VND 205 billion (up 118% year on year) in 2021.

AAA plans to lease the remaining 10% to An Phat Complex Industrial Park in 2021. In addition, An Phat 1 Industrial Park is in the process of site clearance, scheduled for commercial exploitation by the end of 2021 and will generate about VND 200 billion in revenue and VND 50 billion in profit this year.

On the other hand, SSI estimated that the output of plastic packaging could increase by 9.2% over the same period, reaching 112 thousand tons. Conventional packaging output may increase at a more stable rate of 3% with recovery in worldwide demand. Consumption of industrial packaging is also expected to more than double to 9 thousand tons from 3.5 thousand tons in 2020, due to the contribution of subsidiary An Vinh in the whole year 2021.

In addition, the profit margin of thin film packaging could also be improved due to the greater profit from self-destructing products, which is expected to account for 20% of total packaging sales in 2021, compared to with the rate of 10% in 2020.

AAA stock is recommended to buy with a positive prospect.