Dear Shareholders and Investors!
2019 is coming, we would like to send our best wishes and sincere thanks to our shareholders and investors who have supported and accompanied AAA in recent years.
In 2018, the global economy and politics was unstable, with an increase in trade protectionism, the US-China trade war kept happening, the oil prices frequently fluctuated causing many difficulties for plastic producers. In this context, Board of Directors, Board of Management and the total employees of AAA have made every effort to achieve the goals set by the General Meeting of Shareholders, specifically:
– Consolidated revenue in 2018 was expected to reach VND 7,000 billion, exceeding 17% of the plan. In particular, revenue from packaging increased by 40% compared to 2017 thanks to the operation and increased capacity of factories 6 and 7. Export market share in Europe and Japan remained stable, along with increasing exports to the US market.
– Profit after tax was estimated at 200 billion VND, equivalent to 60.6% of the plan. Due to the policy of stabilizing the selling price to accelerate the operation capacity of new factories for packaging, and owing to a number of delayed contracts to early 2019, the profit did not meet the proposed plan.
– Profit after tax was estimated at 200 billion VND, equivalent to 60.6% of the plan. Due to the policy of stabilizing the selling price to accelerate the operation capacity of new factories for packaging, and owing to a number of delayed contracts to early 2019, the profit did not meet the proposed plan.
In 2019, it is expected that there will be a lot of opportunities as well as challenges for AAA, when the oil price oil is unpredictable, requiring AAA to expand the supplier network to get the competitive material sources, and continue applying the policy of signing short-term orders to minimize the risk of fluctuations in raw material prices. However, the world trade tensions, particularly the US-China trade war, also create opportunities for AAA to boost exports to the US market and the shift of FDI enterprises from China to Vietnam also brings potential opportunities to take advantage of An Phat Complex High-Tech Industrial Park.
In 2019, we expect a revenue of 7,900 billion and profit after tax of 510 billion (an increase of 155% over the same period, equivalent to 310 billion). This profit growth ensures the earnings per share (EPS) of VND 2,550 and the expected dividend of 10-15% in 2019. Strong growth in profit after tax comes from the improvement of profit margin and restructure the product portfolio of AAA, accelerate the exploitation of An Phat Complex Industrial Park, improve the net profit margin of An Thanh Biscol’s raw material trading activities and profit from An Vinh industrial packaging project and An Trung engineering plastic project.
AAA’s Board of Directors and Management believe that based on the positive foundations that it has built with the appropriate business strategy, competence, will and responsibility of the management team and employees, AAA will continue to consolidate and enhance the position in the plastic industry and strive to create higher value for shareholders in 2019 and the following years.
Sincerely yours,
