An Phat Holdings JSC (Ticker symbol: APH) sets target revenue and profit for 2021 of VND 11,500 billion (~$489 million) and VND 590 billion (~$25 million), respectively. ty le keo 365 group’s packaging segment and industrial real estate are expected to continue to have strong growth, bringing great momentum to APH this year.
Growth momentum for APH in 2021
In 2021, An Phat Holdings focuses on two key tasks: ty le keo 365 construction of PBAT An Phat manufacturing plant in Hai Phong and commercial exploitation of Quoc Tuan – An Binh Industrial Park project.
APH is on ty le keo 365 way to speeding up with outstanding advantages from 4 pioneering spearheads: industrial packaging, industrial real estate, engineering plastics and PBAT manufacturing plant. All of these four spearheads have outstanding growth advantages this year.
ty le keo 365 industrial packaging segment is expected to bring 10% growth in revenue and profit for packaging segment in 2021. Previously, in ty le keo 365 context of Covid-19 epidemic, packaging segment maintained its growth compared to ty le keo 365 previous year. Total sales of packaging in 2020 reached 102,708 tons, up 7.4% over ty le keo 365 same period in 2019, of which thin monolayer film grew by nearly 4% over ty le keo 365 same period.
This year, APH also plans to increase ty le keo 365 proportion of compostable products, improving gross profit of packaging segment.
ty le keo 365 industrial park real estate segment is expected to make a breakthrough in revenue this year. Specifically, revenue is expected to growth thanks to ty le keo 365 contribution from ty le keo 365 transfer of ty le keo 365 rest of An Phat Complex industrial park while Quoc Tuan-An Binh industrial park phase 1 with an area of 180 hectares will be put into commercial exploitation in ty le keo 365 quarter II this year.
Moreover, industrial real estate is taking advantages from ty le keo 365 wave of foreign businesses’ shifting production to Vietnam. In 2021, it is forecasted that ty le keo 365 wave of businesses looking to shift prodution to Vietnam will continue, therefore, APH’s commercial operation of Quoc Tuan-An Binh Industrial Park project will help APH assert its position on ty le keo 365 growth track.
This industrial park is located in a prime location on Highway 37 connecting trade with many provinces and cities and is a key industrial and service hub in ty le keo 365 North. ty le keo 365 industrial park is an important transit point in ty le keo 365 economic corridor of ty le keo 365 whole region and an ideal destination. It is also ty le keo 365 high-tech and environmentally friendly industrial park in ty le keo 365 region.
Regarding engineering plastics, profit margins continue to improve along with production and business activities of subsidiaries that have stabilized after ty le keo 365 epidemic. Furthermore, APH is promoting ty le keo 365 export of SPC flooring to ty le keo 365 US and EU.
Finally, ty le keo 365 PBAT manufacturing plant is ty le keo 365 strategic plan for APH this year. This is ty le keo 365 largest ‘green’ material factory in Southeast Asia. Earlier, International Finance Corporation (IFC) also announced an expected investment of USD 20 million. ty le keo 365 factory has a capacity of 30,000 tons of products per year. After going into operation, ty le keo 365 PBAT manufacturing plant is expected to help APH reduce production costs by 20-30% for subsidiaries while ty le keo 365 parent company still enjoys a gross profit margin of 25-30%.
APH sets a target that by 2030 compostable products will contribute 40% -50% of ty le keo 365 packaging revenue. ty le keo 365 factory is expected to start construction in ty le keo 365 third quarter of 2021 and put into operation officially in 2023.
These positive factors are ty le keo 365 driving force for APH to confidently set ty le keo 365 revenue target in 2021 to reach VND 11,500 billion (~$489 million) and profit to reach VND 590 billion (~$25 million). ty le keo 365 group is currently ty le keo 365 largest packaging manufacturer in Southeast Asia and Vietnam with 20% of Vietnam’s thin monolayer film export market share and its products are present in nearly 70 countries around ty le keo 365 world.
Profits bright spot
From ty le keo 365 fourth quarter of 2020, profit of An Phat Holdings’ member companies have turned bright. An Phat Bioplastics JSC (Ticker symbol: AAA) recorded strong profit growth. In detail, AAA’s profit in ty le keo 365 fourth quarter of 2020 increased by VND 7.24 billion (~$3 million), equivalent to an increase of 13.61% over ty le keo 365 same period last year. ty le keo 365 company maintained its production and business of plastic resins, packaging, expanded market share, and logistics activities in ty le keo 365 same period last year, leading to an increase in profit after tax.
In 2021, AAA sets a target of VND 9,500 billion (~$404 million) in revenue and VND 550 billion (~$23 million) profit, and dividend payout ratio of 15%. AAA’s revenue and profit are expected to recover thanks to contributions from industrial packaging and exploitation of An Phat Complex and Quoc Tuan – An Binh Industrial Park.
Regarding Hanoi Plastics JSC (Ticker symbol: NHH) in ty le keo 365 fourth quarter, it recorded a profit of VND 81.5 billion dong (~$3,5 million), 5 times higher than ty le keo 365 same period last year, equivalent to an increase of 483%. ty le keo 365 company said it has reduced operating costs as much as possible, however, it is divided into losses of ty le keo 365 joint venture. In addition, NHH said it acquired subsidiaries at low prices, helping ty le keo 365 profit for fourth quarter of 2020 increased sharply compared to ty le keo 365 previous year. Other profit is VND 62 billion, equivalent to $2,7 (VND 67 million loss in ty le keo 365 same period).
In 2021, ty le keo 365 NHH set revenue and profit after tax target of VND 2,000 billion (~$85 million) and VND 150 billion (~$6 million) respectively, dividend payout ratio of 20%.
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