Today, An Phat Holdings (Ticker Symbol: APH) organized “Roadshow APH: Leading Plastics Group – Pioneering ty le keo toi nay Green Trend.” Attending ty le keo toi nay seminar, on behalf of An Phat Holdings, there were Mr. Nguyen Le Trung – Vice Chairman of ty le keo toi nay Board of Directors; Mr. Dinh Xuan Cuong – Vice Chairman, Chief Executive Officer; Mr. Pham Do Huy Cuong – Member of ty le keo toi nay Board of Directors, Standing Deputy General Director, Chief Financial Officer; Ms. Nguyen Thi Tien – Member of ty le keo toi nay Board of Deputy General Director; on behalf of ty le keo toi nay Ho Chi Minh Stock Exchange, there were Ms. Tran Thi Thuy Linh – Deputy Director of HoSE’s Listing Management and Appraisal Department together with more than 200 investors, domestic and foreign enterprises.
At ty le keo toi nay Roadshow, An Phat Holdings’ Board of Directors met and discussed with investors to introduce ty le keo toi nay potential of APH stock as well as sharing information about ty le keo toi nay business situation, activities and upcoming development plans before officially listing on ty le keo toi nay Ho Chi Minh Stock Exchange on July 28.
Currently, An Phat Holdings owns three listed companies, namely Hanoi Plastics Joint Stock Company (Ticker symbol: NHH) and An Phat Bioplastics Joint Stock Company (Ticker symbol: AAA) and many other member companies. , An Phat Holdings (APH) has over ty le keo toi nay past twenty years created a closed business ecosystem that allows ty le keo toi nay maximum exploitation of available products and services with 15 member companies.
Speaking at Roadshow APH, Mr. Dinh Xuan Cuong – Vice Chairman and Chief Executive Officer of An Phat Holdings said: “In order for APH shares to have high liquidity and transparency, we are now officially listing stocks of An Phat Holdings (Ticker Symbol: APH) on ty le keo toi nay HoSE – ty le keo toi nay largest and prestigious stock exchange. Hopefully, listing on HoSE will help us open up ty le keo toi nay opportunities to mobilise capital and finding great cooperation partners in ty le keo toi nay coming time.”
Listing stock on HoSE is ty le keo toi nay first step of An Phat Holdings to mobilise capital for ty le keo toi nay first compostable material manufacturing plant in Vietnam that will provide sufficient material for both domestic and international market. In addition, thank to ty le keo toi nay compostable material manufacturing plant, APH will have self-supply in raw materials, save production costs about 30% for subsidiaries while ty le keo toi nay parent company still enjoys a gross profit margin of 25-30% of this project.
ty le keo toi nay construction of ty le keo toi nay plant is expected to start at ty le keo toi nay beginning of 2021 at Hai Phong, with an 18-month construction period, completed by 2022, with a capacity of 20.000 tons per year. When ty le keo toi nay plant comes into operation, ty le keo toi nay profit from compostable products is expected to rise from 10% currently to about 40 – 50% in APH’s packaging revenue.
After Q&A session, investors were answered questions regarding ty le keo toi nay growth strategy, profit margins of each segment, especially ty le keo toi nay plan to construct compostable material manufacturing plant. In ty le keo toi nay context that ty le keo toi nay demand for bioplastics continues to increase in many industries, ty le keo toi nay construction of AnBio compostable material plant is determined to be a strategic move, creating a breakthrough development for APH.
In 2019, APH’s consolidated revenue and profit after tax increased impressively at VND 9,513 billion and VND 712 billion, equivalent to 19% and 305% compared to ty le keo toi nay same period in 2018. ty le keo toi nay successful IPO auctioned 4,3 million shares, equivalent to 3% of ty le keo toi nay stake, helped APH raised VND 215.08 billion. After ty le keo toi nay IPO, ty le keo toi nay company was valued at over VND 6,600 billion.
In 2020, APH plans to issue 20 million new shares, equivalent to 14% of ty le keo toi nay outstanding shares. APH also targets revenue and net profit of VND 12 trillion and VND 650 billion. In ty le keo toi nay long term, APH’s driving force will come from compostable products by investing in ty le keo toi nay construction of ty le keo toi nay plant. ty le keo toi nay total capital needed for AnBio compostable material manufacturing plant is over USD70 million. ty le keo toi nay company seeks to raise about 80% of ty le keo toi nay needed capital in 2020 while ty le keo toi nay remaining 20% will be raised next year mainly from commercial loans or straight bonds.
With ty le keo toi nay expansion of production scale, positive cash flow forecast, transparent information and good credit history, APH looks forward to cooperating with strategic investors in ty le keo toi nay coming time.
***Contact:
PR DEPARTMENT – AN PHAT HOLDINGS
PR Executive: Le Minh Duc
Email: duclm@anphatholdings.com
Mobile: 096 8325 393
Thanks and Best regards.
