“Mermaid diving is developing very quickly in China,” said Mr. Yan Lou, president of PADI (Association of Professional Diving Instructors) in the country of billions of people. On April 28, more than 100 “mermaids” appeared at the Ambassador Lagoonkhu hotel aquarium at Atlantis Sanya resort (China). This activity aims to break the Guinness record for the largest mermaid diving show in the world, on the occasion of the resort’s 3rd anniversary. After this activity, PADI launched 4 mermaid diving courses from basic to advanced. These courses are all very popular in China. “After admiring the beautiful images of the mermaids, the audience seemed to immediately want to take the course. Within four months of its launch, mermaid courses accounted for 30% of local certifications in China,” said Lou. The mermaid diving performance at Atlantis Sanya set a Guinness record. Photo: CNN. Corinna Davids, the head of development for mermaid dive courses offered by SSI (Diving Society International), also confirms this trend. “There is a huge demand for mermaid diving lessons in China. The sport has grown exponentially since we started rolling out in 2017,” she said. SSI has offered independent mermaid diving courses at more than 3,000 locations worldwide. “We now have more than 1,000 mermaid trainers in China and the sport is growing rapidly. This sport is also a bridge to help scuba diving and freediving become more known in this country,” added Davids. Attraction from the ocean Similar to freediving, the “mermaids” do not use any oxygen or support equipment other than a fishtail. “Wearing a fishtail restricts leg movement, making diving more difficult. Divers must use their belly and waist to move. This requires a long time of practice to be able to move smoothly and gracefully like a real mermaid”, said Dada Li, one of the pioneers in mermaid diving and also the PADI representative at China, said. China is a very potential market for mermaid diving. Photo: Xinhua. In 2015, Li completed an international course in freediving instruction and became the first female freediving instructor in China. In the same year, she established a professional team of mermaid divers to perform at aquariums and underwater events in China. Thanks to their meticulousness and skillful technique, the mermaids make the audience admire. The spread on social networks also helps these professions begin to become more widely known. China is also home to some of the youngest divers in the world. In addition, women in this country make up the largest proportion of divers in the world (nearly 50%). The mermaid diving show is loved by many people because of its beauty. Photo: Werner Lau. “Mermaid diving is often seen as an activity for children or women. However, we can guarantee that this is the right sport for everyone. My husband loves it too,” Davids said. Compared to freediving or scuba diving courses, mermaid diving focuses on fun, safety and enjoyment of life. This subject is for those who are not afraid to go into the water and have a love for the ocean. “As a freedom-loving person, I feel like I’ve turned into a real mermaid when diving, able to go anywhere I want,” Li said.

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.