NEWSLETTER 1. BUSINESS PERFORMANCES IN QUARTER 1, 2018 QUARTER 1/2018

Size: px
Start display at page:

Download "NEWSLETTER 1. BUSINESS PERFORMANCES IN QUARTER 1, 2018 QUARTER 1/2018"

Transcription

1 After 30 years in jewelry business, PNJ sets new goals to conquer with a younger and dynamic management team. 1. BUSINESS PERFORMANCES IN QUARTER 1, 2018 Unit: VND million PLAN OF Q2018 1Q2017 +/-(%) REVENUE 14,077,605 4,166,588 3,148,658 32% GROSS PROFIT 2,477, , ,857 40% PROFIT BEFORE TAX 1,100, , ,075 35% Ending 1Q2018, PNJ achieved many impressive figures, creating a premise for the completion of the 2018 business plan. The total revenue of 1Q2018 reached VND4,166 billion, up 32% compared to the same period of 2017, and completed 30% business plan The gross profit reached VND770 billion, up 40% y-o-y, completed 31% in gross profit plan. In addition, the profit before tax of company in the first 3 months 2018 was 35% y-o-y. The good results in business thanks to well performance in sales of some events as Valentine day, Lucky day, Woman day that made revenues of company had a good number in growth rate.

2 2. RVENUE AND GROSS PROFIT STRUCTURES BY BUSINESS SECTORS Revenue structure of PNJ in 1Q2018 was still be contributed by 4 main business sectors: Gold bar, gold jewelry, silver jewelry, and other services. In which: Gold jewelry accounted for the largest share, contributing 75.6% of revenue and more than 90.3% of gross profit. Gold bar sales accounted for 22.2% of revenue and 1.7% of gross profit Silver jewelry contributed only 2% of revenue, but it accounted for 7.2% of gross profit Other services made up a small proportion of revenue as well as gross profit, respectively contributed 0.3% and 0.9% REVENUE STRUCTURE, (1Q2018) GROSSPROFIT STRUCTURE, (1Q2018) PNJ Gold Gold Bar PNJSilver Other

3 3. INFORMATION AND PRICE PERFORMANCE OF PNJ STOCK INFORMATION OF PNJ STOCK ON MARCH 31 th, 2018 Closing price (VND) Price range in a year (VND) EPS (TTM) (VND) P/E P/B Average volume (shares) Outstanding shares (shares) Total market value (VND billion) 137, ,183 89, x 7.7x 500, ,102,034 14, TRADING OF PNJ STOCK IN 1Q2018

4 4. THE MAIN ACTIVITIES IN 1Q2018 A. DEVELOPMENT OF RETAIL NETWORK Developing retail networks are still PNJ s main operations, with 14 stores launched in the first three months 2018, bringing the company's total retail stores to 283 nationwide. Especially, beside opening retail stores, PNJ also opened the wholesale centers to be able to expand and serve customers in the best way. The company is still accelerating its expansion of entire business network and expects to reach 300 stores by April 30 th TYPE OF STORE 31/12/ /03/2018 PNJ GOLD PNJ SILVER CAO B. AWARDED PRESTIGIOUS TITLES Along with business activities, PNJ has consistently received awards and prestigious titles domestically and internationally, acknowledging its efforts as well as its contribution to the development of jewelery industry. For the fourth time in a row, PNJ is in the Top 100 Best Workplaces in Vietnam by the Anphabe Professional Community Network and the Neilsen Market Research Firm; Over the 21-year in operation, PNJ has always achieved Asia's Best Report on the SDGs - Asia's Best Report on Sustainable Development by CSRWorks International, Inc., a provider of services, consultancy and training for sustainable development.

5 5. ACTIVITIES OF INVESTOR RELATIONS In the first half of 2018, PNJ had meeting and discussing information about operation strategy for more than 40 foreign investors and 6 securites companies. This is one of periodic activities of IR to upadte the business performance so that PNJ can maintain transparency by supporting in-time and clearly informations to investors. 6. CONTINUING THE JOURNEY OF SHARING WITH COMMUNITY Continuing to promote and "keep the fire" journey connecting hearts, time, next to the periodic activities such as the exchange of beliefs, companionship with women associations, PNJ also together with the Fund Vietnamese Children officially launches the Autism Awareness Project in Vietnamese children, helping them integrate into the community, connecting the heart to the heart. The contents of the IR newsletter are for the purpose of providing information to institutional investors as well as individual investors of PhuNhuan Jewelry Joint Stock Company (PNJ). PNJ will make every effort to ensure the transparency, completeness and accuracy of the information contained in this newsletter. However, we cannot guarantee that there are no errors or omissions. PNJ is exempt from liability for all or any damages related to inaccurate, or incomplete information contained in the newsletter. PNJ reserves the right to change and update this information at any time without prior notice. The information in the newsletter is shown in PDF format only. We are not responsible for any information in any other format. PNJ does not allow the reproduction, modification, distribution and use of part or all of this newsletter for any other purpose without the written consent of PNJ. Please quote sources if you use the information in this newsletter. Contact Info Tran Nhat Thai Phong Tel: (Ext:199) Mobile: phong.trannhatthai@pnj.com.vn

"THE FINAL ACHIVEMENT OF PNJ IS NOT THE STRONG BRAND, IT S MUST BE THE LOVED BRAND. " Ms. Cao Thi Ngoc Dung, Chairwoman cum CEO

THE FINAL ACHIVEMENT OF PNJ IS NOT THE STRONG BRAND, IT S MUST BE THE LOVED BRAND.  Ms. Cao Thi Ngoc Dung, Chairwoman cum CEO "THE FINAL ACHIVEMENT OF PNJ IS NOT THE STRONG BRAND, IT S MUST BE THE LOVED BRAND. " Ms. Cao Thi Ngoc Dung, Chairwoman cum CEO PNJ always reviews and restructures itself suitably in new stages 1. OVERVIEW

More information

With the mind always forward

With the mind always forward "In a market economy, we cannot sit and worry about the challenge but be prepared to cope with it instead of fearing" Ms. Cao Thi Ngoc Dung, Chairwoman cum CEO With the mind always forward and ready for

More information

INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS COMPANY VISIT NOTE 04 Dec 2015 PHU NHUAN JEWELRY JOINT STOCK COMPANY (PNJ) INVESTMENT HIGHLIGHTS Positive growth in core businesses. Revenue from core businesses (jewelery & accessories) increased by 6.2%

More information

PHU NHUAN JEWELRY JSC

PHU NHUAN JEWELRY JSC PHU NHUAN JEWELRY JSC Consumer Goods Industry Update report July 2017 Recommendation OUTPERFORM Recommendation (VND) 135,000 Market price (28/7/2017) 103,100 Expected profit 31% SHARES INFORMATION Trading

More information

PHU NHUAN JEWELRY JSC (PNJ HOSE) PNJ HOSE UPDATE REPORT. April 04 th, 2017

PHU NHUAN JEWELRY JSC (PNJ HOSE) PNJ HOSE UPDATE REPORT. April 04 th, 2017 PHU NHUAN JEWELRY JSC (PNJ HOSE) UPDATE REPORT April 04 th, 2017 Exchange PNJ HOSE INFORMATION (04.04.2017) HOSE Outstanding shares 98,273,868 Average volume of 10 days 95,395 Market price 74,100 Target

More information

Phu Nhuan Jewelry JSC

Phu Nhuan Jewelry JSC www.phs.vn HOSE - Vietnam 09.02.2018 Target price Closing price 07/02/2018 OVERWEIGHT Nguyễn Thị Thanh Hiền (+84-8) 5413-5472 hiennguyen@phs.vn Co. profile Ticker 176,000 VND 147,600 VND PNJ Charter Capital

More information

Third Quarter 2013 Earnings Release

Third Quarter 2013 Earnings Release Third Quarter 2013 Earnings Release I. OVERVIEW Market Price (20/11/2013) (VND) Price fluctuation in 3 months (VND) Average 10 day trading volume Market capitalization (billion VND) Number of Outstanding

More information

PHU NHUAN JEWELRY JSC

PHU NHUAN JEWELRY JSC PHU NHUAN JEWELRY JSC Ample Room For Market Share Expansion Equity Research I March 30, 2017 We reiterate BUY rating to PNJ with a revised 12M TP of VND 91,000 (previously VND 85,000) after adjusting earning

More information

PHU NHUAN JEWELRY JSC

PHU NHUAN JEWELRY JSC PHU NHUAN JEWELRY JSC GOOD AS GOLD Equity Update I July 28, 2017 We attended PNJ s 2Q17 analyst meeting and remain optimistic about the Company s growth potential in 2017-18F. Thus, we reiterate BUY rating

More information

Phu Nhuan Jewelry JSC (Hose: PNJ) keeps an impressive growth

Phu Nhuan Jewelry JSC (Hose: PNJ) keeps an impressive growth c 25 August 2017 Rating OVERWEIGHT HOSE: PNJ Jewelry Market price (VND) 103.000 Target price (VND) 123.000 Annualized price return (%) 18% Expected dividend yield (%) 2% Expected annualized total return

More information

Gold Account Principal Brochure

Gold Account Principal Brochure Gold Account Principal Brochure The Gold Account allows you to trade paper gold in taels through BEA, a licenced bank regulated by the Hong Kong Monetary Authority. This is not a time deposit and is not

More information

MINUTES THE 2018 ANNUAL GENERAL MEETING OF SHAREHOLDERS PHU NHUAN JEWELRY JOINT-STOCK COMPANY

MINUTES THE 2018 ANNUAL GENERAL MEETING OF SHAREHOLDERS PHU NHUAN JEWELRY JOINT-STOCK COMPANY Socialist Republic of Vietnam Independence Freedom Happiness No.: 377/2018/BB-ĐHĐCĐ-CTY Ho Chi Minh City, 21 st April, 2018 MINUTES THE 2018 ANNUAL GENERAL MEETING OF SHAREHOLDERS PHU NHUAN JEWELRY JOINT-STOCK

More information

OPPORTUNITIES AND POTENTIALS OF THE

OPPORTUNITIES AND POTENTIALS OF THE OPPORTUNITIES AND POTENTIALS OF THE VIETNAMESE GOLD JEWELLERY INDUSTRY Presented by: MR ĐỖ MINH PHÚ Singapore, 5 June, 2018 Chairman of Board of Founders DOJI Gold & Gems Group Số hiệu Tài liệu: I DEVELOPMENT

More information

LMEprecious week four update

LMEprecious week four update LMEprecious week four update 07 August 2017 SETTING THE GLOBAL STANDARD Lots Volumes for LME Gold and LME Silver Combined ADV for week four was 7,728 lots, up from 7,467 lots in week three 14,000 LMEprecious

More information

GARMEX SAIGON JSC (GMC)

GARMEX SAIGON JSC (GMC) 6 May 2015 GARMEX SAIGON JSC (GMC) Small Cap Research Phap Dang Senior Analyst 18 March 2011 phap.dang@vcsc.com.vn +848 3914 3588 ext. 143 Textile Target Price (P/E) NA Current Price 35,900 Upside NA Div.

More information

UPDATE REPORT 31-Oct-18. Phu Nhuan Jewellery JSC (HOSE: PNJ) Outstanding business PNJ (HOSE)

UPDATE REPORT 31-Oct-18. Phu Nhuan Jewellery JSC (HOSE: PNJ) Outstanding business PNJ (HOSE) UPDATE REPORT 31-Oct-18 Rating PNJ (HOSE) NEUTRAL Gold/Silver Jewelries Market price (VND) 97,000 Target price (VND) 97,700 Annualized price return (%) 0.7% Expected dividend yield (%) 2.1% Expected total

More information

Mobile World Investment Group (MWG: HOSE)

Mobile World Investment Group (MWG: HOSE) Mobile World Investment Group (MWG: HOSE) BUY - 1Y Target Price: VND 180,000 Current price: VND 143,000 Kien Trung Nguyen, CFA kiennt@ssi.com.vn +84 4 3936 6321 ext. 510 26 August 2016 CONSUMER - VIETNAM

More information

BSC. Binh Minh Plastic JSC. (BMP) Recommendations Target price Close price 97,000. Valuation 04/12/2017

BSC. Binh Minh Plastic JSC. (BMP) Recommendations Target price Close price 97,000. Valuation 04/12/2017 Recommendations Target price N/A Close price 97,000 Upside N/A Market Statistics Floating Shares (million shares) 82 Market Cap (VND Bill.) 7,826 52-week highest price 116,111 10-day average volume (shares)

More information

SAO VANG RUBBER JOINT STOCK COMPANY

SAO VANG RUBBER JOINT STOCK COMPANY MB SECURITIES CORPORATION RESEARCH CENTER EQUITY RESEARCH SAO VANG RUBBER JOINT STOCK COMPANY Ha Noi, June 26, 2014 CONTENTS SUMMARY REPORT... 3 FINANCIAL RATIOS... 5 INCOME STATEMENT... 6 BALANCE SHEET...

More information

In this issue: L atest News T enant News W orkshop U pcoming Event L egal Update

In this issue: L atest News T enant News W orkshop U pcoming Event L egal Update In this issue: 1 LATEST NEWS VSIP Binh Duong received nearly US$600 million in FDI February 20, 2014 marked the inauguration of the Binh Duong Province Integrated Administration Centre at the Binh Duong

More information

VOTING NOTE VOTING ISSUES OF THE ANNUAL MEETING OF FINANCIAL YEAR 2016 VIETNAM BLUE-CHIP FUND (VFMVF4)

VOTING NOTE VOTING ISSUES OF THE ANNUAL MEETING OF FINANCIAL YEAR 2016 VIETNAM BLUE-CHIP FUND (VFMVF4) VOTING NOTE VOTING ISSUES OF THE ANNUAL MEETING OF FINANCIAL YEAR 2016 VIETNAM BLUE-CHIP FUND (VFMVF4) Pursuant to: - Law on Securities dated 29 July 2006 by the National Assembly and Law No. 62/2010/QH12

More information

Margin contraction and interest expense wipe out top-line growth

Margin contraction and interest expense wipe out top-line growth Hoa Sen Group (HSG) Earnings Flash Report Date July 31, 2017 FY16 9M/F17 FY17F Current Price VND28,000 Rev y/y 2.4% 48.9% 33.6% Last Target Price VND33,800 EPS y/y 130.4% 6.5% 17.1% GPM 23.3% 17.2% 18.9%

More information

REPORT BY THE BOARD OF DIRECTORS ON BUSINESS PERFORMANCE IN 2013

REPORT BY THE BOARD OF DIRECTORS ON BUSINESS PERFORMANCE IN 2013 VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE 108 Tran Hung Dao, Hoan Kiem, Hanoi Tel: 04.39421030; Fax: 04.39421032 Tax code: 0100111948 THE SOCIALIST REPUBLIC OF VIETNAM Independence Freedom

More information

EVALUATION REPORT OF 2008

EVALUATION REPORT OF 2008 SAIGON BEER ALCOHOL BEVERAGE JS CORPORATION (SABECO) No. 6 Hai Ba Trưng Street, Ben Nghe Ward, District 1, Ho Chi Minh City Tel: (08) 3829 4081 Fax: (08) 3829 6856 Website: www.sabeco.com.vn Email: sabeco@sabeco.com.vn

More information

Luk Fook (590 HK) Hold Target price: HK$ Downgrade to Hold on more challenging HK & Macau market outlook. Equity Research Consumer Discretionary

Luk Fook (590 HK) Hold Target price: HK$ Downgrade to Hold on more challenging HK & Macau market outlook. Equity Research Consumer Discretionary Equity Research Consumer Discretionary Luk Fook (590 HK) Hold Target price: HK$24.60 Albert Yip, CFA SFC CE No. ADT599 albertyip@gfgroup.com.hk +852 3719 1010 GF Securities (Hong Kong) Brokerage Limited

More information

PETROLEUM INDUSTRIAL AND CIVIL CONSTRUCTION JOINT STOCK COMPANY (PXI)

PETROLEUM INDUSTRIAL AND CIVIL CONSTRUCTION JOINT STOCK COMPANY (PXI) Sector: Construction / Construction Materials PETROLEUM INDUSTRIAL AND CIVIL CONSTRUCTION JOINT STOCK COMPANY (PXI) OVERVIEW Potential of petroleum construction is still quite high. Annually, PetroVietnam

More information

Swimming Pool & Aquatic Centre Broadform Liability. Third Party Goods in your Care, Custody and Control (Automatic Cover $50,000) $

Swimming Pool & Aquatic Centre Broadform Liability. Third Party Goods in your Care, Custody and Control (Automatic Cover $50,000) $ Swimming Pool & Aquatic Centre Broadform Liability Intermediary Date / / Contact Name Phone ( ) Period of Insurance to at 4.00pm INSURED DETAILS Insured Name / ABN (Full details required, inc. Trading

More information

Luk Fook (590 HK) Strong 1Q gem-set SSS in China. Core profit (HK$ m) Net profit (HK$ m) Turnover (HK$ m)

Luk Fook (590 HK) Strong 1Q gem-set SSS in China. Core profit (HK$ m) Net profit (HK$ m) Turnover (HK$ m) Equity Research Consumer Discretionary Luk Fook (590 HK) Hold (maintained) Target price: HK$23.10 Strong 1Q gem-set SSS in China China gem-set SSS outperformed CTF SSS in China improved from -5% in 1QFY15

More information

Chairwoman s message

Chairwoman s message ANNUAL REPORT 2010 2 Summary Opening Summary COMPANY OVERVIEW BOARD OF DIRECTORS REPORT BUSINESS MANAGEMENT FINANCIAL REPORT 3 Chairwoman s message Opening 2 4 10 12 14 16 18 20 22 24 25 26 28 30 34 40

More information

Move in a tight range

Move in a tight range DAILY DERIVATIVE 28-Mar-19 Close Price +/- Trading Volume Unit: Points Points Contracts VN30F1904 884.0 4.0 97,998 VN30F1905 883.0-0.3 262 VN30F1906 882.8 1.9 13 VN30F1909 882.8 3.8 10 Source: Bloomberg

More information

2280 North Greenville Avenue, Richardson, TX 75082

2280 North Greenville Avenue, Richardson, TX 75082 2280 North Greenville Avenue, Richardson, TX 75082 Contact: Investor Relations: Mike Kovar Chief Financial Officer Fossil, Inc. (972) 699-6811 Allison Malkin Integrated Corporate Relations (203) 682-8200

More information

Consolidation session

Consolidation session DAILY DERIVATIVE 29-Mar-19 Close Price +/- Trading Volume Unit: Points Points Contracts VN30F1904 883.2-0.8 90,089 VN30F1905 881.4-1.6 260 VN30F1906.2-2.6 30 VN30F1909.0-1.8 10 Source: Bloomberg Intraday

More information

VINGROUP JSC - OUTPERFORM (VIC: HSX - Financials)

VINGROUP JSC - OUTPERFORM (VIC: HSX - Financials) Price chart Stock Data as of November 30 th 2017 Price (VND) 74,500 Current listed shares 2,637,707,954 Outstanding shares 2,456,818,742 52 Week high 77,000 52 week low 40,000 Price change (3 months) 51%

More information

CESC Index Report for May

CESC Index Report for May CESC Index Report for May China Exchanges Services Co., Ltd. (CESC) Highlights The stock markets performed well in May. Cross-border large-cap index CES China 120 Index, or CES 120, rose 4.8 per cent Private

More information

HOA PHAT GROUP JOINT STOCK COMPANY

HOA PHAT GROUP JOINT STOCK COMPANY MB SECURITIES CORPORATION RESEARCH CENTER EQUITY RESEARCH HOA PHAT GROUP JOINT STOCK COMPANY Ha Noi, june 03, 2014 CONTENTS SUMMARY REPORT... 3 INCOME STATEMENT... 5 BALANCE SHEET... 6 FINANCIAL RATIOS...

More information

Agenda Pages. 1. Executive Summary Business Model Results Group Key Initiatives Conclusion 21

Agenda Pages. 1. Executive Summary Business Model Results Group Key Initiatives Conclusion 21 Presentation Results Q2 2017 Disclaimer Information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed and it may not contain all material information

More information

Sale of Rockgas. Portfolio optimisation. July Dennis Barnes, Chief Executive Officer Graham Cockroft, Chief Financial Officer.

Sale of Rockgas. Portfolio optimisation. July Dennis Barnes, Chief Executive Officer Graham Cockroft, Chief Financial Officer. Sale of Rockgas Portfolio optimisation Dennis Barnes, Chief Executive Officer Graham Cockroft, Chief Financial Officer 31 Disclaimer Not financial product advice: This presentation is for information purposes

More information

Thailand Capital Market Report Prepared for the 17 th Asia Securities Forum 22nd 24th November 2012 Mumbai, India

Thailand Capital Market Report Prepared for the 17 th Asia Securities Forum 22nd 24th November 2012 Mumbai, India Thailand Capital Market Report 2011 Prepared for the 17 th Asia Securities Forum 22nd 24th November 2012 Mumbai, India Contents Overview of Thai Capital Market Performance of Securities Industry 2 Thai

More information

Vietnam Bank for Industry & Trade (CTG)

Vietnam Bank for Industry & Trade (CTG) Vietnam Bank for Industry & Trade (CTG) September 3, 2015 COMPANY UPDATE: HOLD Current Price (08/31/2015): VND 19,300 Long-term value Fully-valued 1Y Price change 60% Volume CTG VNIndex Peers '000 shares

More information

MICHAEL KORS HOLDINGS LTD

MICHAEL KORS HOLDINGS LTD HOLDINGS LTD FORM 8-K (Current report filing) Filed 05/27/15 for the Period Ending 05/27/15 Telephone 44 79 6437 8613 CIK 0001530721 Symbol KORS SIC Code 3100 - Leather & Leather Products Industry Apparel/Accessories

More information

Market Update - Week Ended November 18, 2018

Market Update - Week Ended November 18, 2018 Market Update - Week Ended November 18, 2018 Macro Commentary Gold and silver recovered some of the losses from last week s sell off on renewed efforts by China and the U.S. to resume more comprehensive

More information

Nikkei Asia300 Index Index Guidebook

Nikkei Asia300 Index Index Guidebook Nikkei Asia300 Index Index Guidebook Nikkei Inc. This document is the index guidebook of the Nikkei Asia300 Index published by Nikkei Inc. (Nikkei) since December 1, 2016. The document is drawn up by Nikkei

More information

MARKET REPORT WEEK FROM FEBRUARY 01 TO 05, ECONOMIC OVERVIEW. World News

MARKET REPORT WEEK FROM FEBRUARY 01 TO 05, ECONOMIC OVERVIEW. World News MARKET REPORT WEEK FROM FEBRUARY 01 TO 05, 2010 www.fpts.com.vn Tran Duy Ngoc NgocTD@fpts.com.vn Nguyen Tuan TuanN@fpts.com.vn Listed Brokerage Department FPT Securities JSC Head Office Floor 2, 71 Nguyen

More information

Update on guidance for enterprise accounting regime in Vietnam. 11 Febuary 2015

Update on guidance for enterprise accounting regime in Vietnam. 11 Febuary 2015 Update on guidance for enterprise accounting regime 11 Febuary 2015 Grant Thornton Vietnam updates on Circular No. 200/2014/TT- BTC guidance for enterprise accounting regime: Circular No. 200/2014/TT-BTC

More information

GENERAL TECHNOLOGY CO. LTD VIETNAM CREDIT REPORT (REPORT DATE: 10 AUGUST 2012)

GENERAL TECHNOLOGY CO. LTD VIETNAM CREDIT REPORT (REPORT DATE: 10 AUGUST 2012) GENERAL TECHNOLOGY CO. LTD VIETNAM CREDIT REPORT (REPORT DATE: 10 AUGUST 2012) COMPANY OVERVIEW REGISTERED ENGLISH COMPANY NAME GENERAL TECHNOLOGY CO. LTD FORMER REGISTERED ENGLISH COMPANY NAME TECH CO.

More information

Terms and Conditions

Terms and Conditions Terms and Conditions Acceptance of Terms The STEM Shoppe, LLC (collectively, The STEM Shoppe, we, or us ) is a Utah limited liability company with its principal place of business at 822 W Sheppard Lane,

More information

Agenda Pages. 1. Executive Summary Business Model Results Group Key Initiatives Conclusion 21

Agenda Pages. 1. Executive Summary Business Model Results Group Key Initiatives Conclusion 21 Presentation Results Q3 2017 Disclaimer Information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed and it may not contain all material information

More information

2280 North Greenville Avenue, Richardson, TX 75082

2280 North Greenville Avenue, Richardson, TX 75082 2280 North Greenville Avenue, Richardson, TX 75082 Contact: Investor Relations: Mike Kovar Chief Financial Officer Fossil, Inc. (972) 699-6811 Allison Malkin ICR, Inc. (203) 682-8200 FOSSIL, INC. REPORTS

More information

International Development & Investment Corporation I.D.I (HOSE- IDI)

International Development & Investment Corporation I.D.I (HOSE- IDI) COMPANY UPDATE 22/12/2015 International Development & Investment Corporation I.D.I (HOSE- IDI) STRONG GROWTH THANKS TO SOARING EXPORTS TO CHINA One of Vietnam s leading Pangasius fillet processing companies,

More information

MASAN GROUP QUARTERLY EARNINGS UPDATE 1Q12 TICKER: MSN (HOSE) Date: 12 June 2012

MASAN GROUP QUARTERLY EARNINGS UPDATE 1Q12 TICKER: MSN (HOSE) Date: 12 June 2012 Date: 12 June 2012 MASAN GROUP TICKER: MSN (HOSE) We have a HOLD investment view over MSN. We estimate the fair value of a MSN stock is around VND 95,373/share or 4.14% downside from market price of VND

More information

THE MINISTRY OF FINANCE

THE MINISTRY OF FINANCE THE MINISTRY OF FINANCE Circular No. 28/2011/TT-BTC of February 28, 2011, guiding a number of articles of the Law on Tax Administration and the Government s Decree No. 85/2007/ND-CP of May 25, 2007, and

More information

LEVEL 3, THREE PACIFIC PLACE, 1 QUEEN S ROAD EAST, WANCHAI, HONG KONG

LEVEL 3, THREE PACIFIC PLACE, 1 QUEEN S ROAD EAST, WANCHAI, HONG KONG About our Awards MPF Ratings Scheme of the Year finalists and winner(s) Scheme of the Year finalists and winner(s) are assessed as the most well diversified MPF Schemes across all key criteria assessed

More information

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE. SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness. Hanoi, 14 April, 2014

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE. SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness. Hanoi, 14 April, 2014 VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE 108 Tran Hung Đao Street, Hoan Kiem District, Hanoi Tel: 04.39421030; Fax: 04.3921032 Business Reg. Certificate No. 0100111948 dated 29/04/2014

More information

Corporate Commercial Newsletter

Corporate Commercial Newsletter Corporate Commercial Newsletter China Trade & Investment 6 September 2018 What s inside? Foreign-invested payment institutions entering into China 1 The new era of social insurance contribution collection

More information

I. VIETNAM ECONOMY IN 2017 AND FORECAST FOR 2018

I. VIETNAM ECONOMY IN 2017 AND FORECAST FOR 2018 I. VIETNAM ECONOMY IN 2017 AND FORECAST FOR 2018 CONTENTS I. VIETNAM ECONOMY IN 2017 AND FORECAST FOR 2018 II. VIETNAM PHARMACEUTICAL INDUSTRY IN 2017 AND POTENTIAL DEVELOPMENTS IN 2018 III. IMP SHARES

More information

Facebook Q Results. investor.fb.com

Facebook Q Results. investor.fb.com Facebook Q1 2018 Results investor.fb.com 2 Daily Active Users (DAUs) In Millions Rest of World Asia-Pacific Europe US & Canada DAUs / MAUs Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 66% 66%

More information

Rajesh Exports. Wednesday, July 29, Target Price Rs Current Price Rs Upside Potential 66%

Rajesh Exports. Wednesday, July 29, Target Price Rs Current Price Rs Upside Potential 66% Wednesday, July 29, 2015 www.evaluateresearch.com Target Price Rs. 800.00 Current Price Rs. 482.20 Upside Potential 66% Market Cap. Shares Outstanding Rs. 142,400mn $ 2.2bn 295mn Free Float (FF %) 77mn

More information

Nikkei Asia300 Index Index Guidebook

Nikkei Asia300 Index Index Guidebook Nikkei Asia300 Index Index Guidebook Nikkei Inc. This document is the index guidebook of the Nikkei Asia300 Index published by Nikkei Inc. (Nikkei) since December 1, 2016. The document is drawn up by Nikkei

More information

Acquisition of the charter capital of Holcim (Vietnam) Co., Ltd (further information added)

Acquisition of the charter capital of Holcim (Vietnam) Co., Ltd (further information added) 8 August 2016 Subject: To: Acquisition of the charter capital of Holcim (Vietnam) Co., Ltd (further information added) The President of the Stock Exchange of Thailand Reference is made to the resolution

More information

June Steve Michaels, CFO and President of Strategic Operations

June Steve Michaels, CFO and President of Strategic Operations June 2018 Steve Michaels, CFO and President of Strategic Operations Safe Harbor Statement & Use of Non-GAAP Information Safe Harbor Statement: Safe Harbor" Statement under the Private Securities Litigation

More information

AFC VIETNAM FUND UPDATE

AFC VIETNAM FUND UPDATE Fund Category Country Focus Subscriptions Redemptions Benchmark Fund Manager Vietnam Public Equities Vietnam Monthly at NAV (five business days before month end) Monthly at NAV 60 days notice VN Index

More information

ELITE Connecting companies with capital

ELITE Connecting companies with capital ELITE Connecting companies with capital ELITE Overview ELITE accelerates long-term growth by offering access to a diverse network, a range of funding options, and a dedicated training programme. What?

More information

THIRD QUARTER FISCAL 2019 EARNINGS CALL PROVIDING THE BEST SOLUTIONS MARCH 7, 2019

THIRD QUARTER FISCAL 2019 EARNINGS CALL PROVIDING THE BEST SOLUTIONS MARCH 7, 2019 PROVIDING THE BEST SOLUTIONS THIRD QUARTER FISCAL 2019 EARNINGS CALL MARCH 7, 2019 Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning

More information

Making Our Mark Outside of North America

Making Our Mark Outside of North America Making Our Mark Outside of North America Roger Sargeant Managing Director, Interactive Data (Europe) Ltd. 1 December 14, 2007 Making Our Mark Outside North America A Trusted Leader Serving a Global Customer

More information

The EU and Vietnam: Taking (Trade) Relations to the Next Level

The EU and Vietnam: Taking (Trade) Relations to the Next Level The EU and Vietnam: Taking (Trade) Relations to the Next Level EIAS Briefing Seminar 27 April 2016 The EU-Vietnam Free Trade Agreement is part of the evolution of Vietnam since it joined the WTO in 2007.

More information

SABECO & HABECO COMPANY REPORT. (Not listed OTC) Recommendation. Date: 29 Jun 2012

SABECO & HABECO COMPANY REPORT. (Not listed OTC) Recommendation. Date: 29 Jun 2012 COMPANY REPORT SABECO & HABECO (Not listed OTC) We would like to provide a yearly update on &, the two largest beer producers of Vietnam with BUY recommendation for both stocks. Saigon Alcohol Beer and

More information

Luk Fook (590 HK) Hold (downgraded) Target price: HK$ HFY18 results beat, but downgrade from Accumulate to Hold on rich valuation

Luk Fook (590 HK) Hold (downgraded) Target price: HK$ HFY18 results beat, but downgrade from Accumulate to Hold on rich valuation Equity Research Consumer Discretionary Luk Fook (590 HK) Hold (downgraded) Target price: HK$34.80 Albert Yip, CFA SFC CE No. ADT599 albertyip@gfgroup.com.hk +852 3719 1010 GF Securities (Hong Kong) Brokerage

More information

NetDragon Announces 2017 Second Quarter and Interim Financial Results Profitability Achieved in 1H 2017 On the back of Record-high Revenue in Q2

NetDragon Announces 2017 Second Quarter and Interim Financial Results Profitability Achieved in 1H 2017 On the back of Record-high Revenue in Q2 NetDragon Announces 2017 Second Quarter and Interim Financial Results Profitability Achieved in 1H 2017 On the back of Record-high Revenue in Q2 (Hong Kong, 30 August 2017) NetDragon Websoft Holdings Limited

More information

TRADING IDEAS 10 AUG 2016 RESEARCH DEPARTMENT. Trading Ideas for August. Trading Ideas August 2016

TRADING IDEAS 10 AUG 2016 RESEARCH DEPARTMENT. Trading Ideas for August. Trading Ideas August 2016 RESEARCH DEPARTMENT TRADING IDEAS 10 AUG 2016 In the context of market bearing with many potential risks together with our main scenario favoring downward trend, we suggest investors to continue to wait

More information

BRIEF REPORT 09 Feb 2010

BRIEF REPORT 09 Feb 2010 26/01/2010 27/01/2010 28/01/2010 29/01/2010 30/01/2010 31/01/2010 01/02/2010 02/02/2010 03/02/2010 04/02/2010 05/02/2010 06/02/2010 07/02/2010 08/02/2010 09/02/2010 Vietnam/ Electrical component & equipment

More information

At conflict zone. Technical outlook: Trading strategy: Short-term. Medium-term. Support Support Resistance

At conflict zone. Technical outlook: Trading strategy: Short-term. Medium-term. Support Support Resistance DAILY DERIVATIVE 15-Mar-19 Close Price +/- Trading Volume Unit: Contracts VN30F1903 926.0-1.0 128,306 VN30F1904 925.4-1.5 702 VN30F1906 924.0 0.9 52 VN30F1909 923.7 0.2 39 Source: Bloomberg Intraday chart

More information

2018 2Q IR PRESENTATION

2018 2Q IR PRESENTATION 2018 2Q IR PRESENTATION Investor Relation June 2018 2 Disclaimer These materials have been prepared by GRAVITY Co., Ltd. ("Gravity" or the "Company"). The statements contained in this presentation have

More information

Exterior Accessibility Grant Program

Exterior Accessibility Grant Program City of Davenport Community Planning and Economic Development Exterior Accessibility Grant Program This application is for use in determining eligibility for the City of Davenport s Exterior Accessibility

More information

ELITE. Connecting companies with capital

ELITE. Connecting companies with capital ELITE Connecting companies with capital ELITE Overview ELITE accelerates long-term growth by offering access to a diverse network, a range of funding options, and a dedicated training programme. What?

More information

Owner Occupied Housing Rehab Loan Program

Owner Occupied Housing Rehab Loan Program City of Davenport Community Planning and Economic Development Owner Occupied Housing Rehab Loan Program This application is for use in determining eligibility for the City of Davenport s Owner Occupied

More information

Avon Products Inc. UNDERPERFORM ZACKS CONSENSUS ESTIMATES (AVP-NYSE)

Avon Products Inc. UNDERPERFORM ZACKS CONSENSUS ESTIMATES (AVP-NYSE) February 19, 2015 Avon Products Inc. Current Recommendation Prior Recommendation Neutral Date of Last Change 02/19/2015 Current Price (02/18/15) $9.10 Target Price $8.25 SUMMARY DATA UNDERPERFORM 52-Week

More information

VIETNAM MARKET EQUITY RESEARCH

VIETNAM MARKET EQUITY RESEARCH VIETNAM MARKET EQUITY RESEARCH PHALAI THERMAL POWER JOINT STOCK COMPANY-PPC INITIAL COMPANY REPORT Recommendation: HOLD Date: 28/8/214 Company information Name: PhaLai Thermal Power JSC Chartered Capital:

More information

KINGOLD JEWELRY REPORTS 2012 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS

KINGOLD JEWELRY REPORTS 2012 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS FOR IMMEDIATE RELEASE KINGOLD JEWELRY REPORTS 2012 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS Company to Hold Conference Call with Accompanying Slide Presentation on March 28, 2013, at 8:30 a.m. E T

More information

Market slowdown we accelerate our transformation April 27, 2017 Heikki Takala, President and CEO

Market slowdown we accelerate our transformation April 27, 2017 Heikki Takala, President and CEO Amer Sports 217 Market slowdown we accelerate our transformation April 27, 217 Heikki Takala, President and CEO Context: the market is changing In, US wholesale slowed down significantly. Into 217, the

More information

AROGYA, INC. (d/b/a AROGYA WORLD) FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2016 AND INDEPENDENT AUDITORS REPORT

AROGYA, INC. (d/b/a AROGYA WORLD) FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2016 AND INDEPENDENT AUDITORS REPORT FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2016 AND INDEPENDENT AUDITORS REPORT TABLE OF CONTENTS Page Independent Auditors' Report 1-2 Financial Statements Statement of

More information

GrandVision Full Year 2017 Results. 28 February 2018

GrandVision Full Year 2017 Results. 28 February 2018 GrandVision Full Year 2017 Results 28 February 2018 1 Forward looking statements This presentation contains forward-looking statements that reflect GrandVision s current views with respect to future events

More information

A S E A N. SDG baseline ZERO HUNGER QUALITY EDUCATION GENDER EQUALITY GOOD HEALTH AND WELL-BEING CLEAN WATER AND SANITATION NO POVERTY

A S E A N. SDG baseline ZERO HUNGER QUALITY EDUCATION GENDER EQUALITY GOOD HEALTH AND WELL-BEING CLEAN WATER AND SANITATION NO POVERTY NO POVERTY ZERO HUNGER GOOD HEALTH AND WELL-BEING QUALITY EDUCATION GENDER EQUALITY CLEAN WATER AND SANITATION AFFORDABLE AND CLEAN ENERGY DECENT WORK AND ECONOMIC GROWTH INDUSTRY, INNOVATION AND INFRASTRUCTURE

More information

Guinness Global Money Managers Fund

Guinness Global Money Managers Fund A high conviction equity fund managed by Will Riley and Tim Guinness investing in quoted companies in the asset management sector. INVESTMENT COMMENTARY - December Aim The Fund aims to deliver long-term

More information

Noibai Cargo Terminal Services JSC (NCT: HOSE)

Noibai Cargo Terminal Services JSC (NCT: HOSE) Noibai Cargo Terminal Services JSC (NCT: HOSE) BUY 1Y Price Target: VND 129,600 Current price: VND 98,000 Giang Hoang Nguyen giangnh@ssi.com.vn +84-24 3936 6321 ext. 676 30 November 2017 INDUSTRIALS- VIETNAM

More information

/ Company Profile 2017

/ Company Profile 2017 / Company Profile 2017 MYSMARTGOLD BULLION SDN. BHD. (Mysmartgold) is a young and vibrant physical gold precious metals provider. Founded in 2011, it is striving to create the most comprehensive one-stop

More information

FINANCIAL RESULTS PRESENTATION 1H2017

FINANCIAL RESULTS PRESENTATION 1H2017 FINANCIAL RESULTS PRESENTATION 1H2017 Disclaimer These preliminary materials and any accompanying oral presentation (together, the Materials ) have been prepared by MYTILINEOS Holdings SA (the Company

More information

CIMB Group announces record RM1.74 billion Profit Before Tax for 1Q18

CIMB Group announces record RM1.74 billion Profit Before Tax for 1Q18 CIMB Group announces record RM1.74 billion Profit Before Tax for 1Q18 Wednesday, 30 May 2018 for immediate release 10.7% Y-o-Y growth in net profit to RM1.31 billion with annualised ROE of 10.2% 1Q18 PBT

More information

Fourth Quarter & Fiscal 2018 Results. Wednesday, March 14, 2018

Fourth Quarter & Fiscal 2018 Results. Wednesday, March 14, 2018 Fourth Quarter & Fiscal 2018 Results Wednesday, March 14, 2018 Forward Looking Statements & Other Disclosure Matters This presentation contains statements which are forward-looking statements within the

More information

COMMERCIAL GENERAL LIABILITY APPLICATION for Federation of Ontario Cottagers Associations Members

COMMERCIAL GENERAL LIABILITY APPLICATION for Federation of Ontario Cottagers Associations Members COMMERCIAL GENERAL LIABILITY APPLICATION for Federation of Ontario Cottagers Associations Members Please print clearly & return by email to clientservices@cadeinsurance.com or by fax to 416-234-0554 SECTION

More information

THANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) Website:

THANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) Website: THANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, 72-74 Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) 3 827 0527 Website: www.tcsc.vn MONTHLY REPORT JULY 2012 Research Department research@tcsc.vn

More information

Q order intake and sales 3 May 2018

Q order intake and sales 3 May 2018 Q1 2018 order intake and sales 3 May 2018 www.thalesgroup.com Q1 2018 highlights OneSKY jumbo contract in Australia: modernization of ATM covering 11% of world airspace Digital traffic management system

More information

KWG. Seeking balance between scale and profitability. March 27, 2018 Equity Research. Stock code: 1813.HK Rating: HOLD Price target (HK$) 12.

KWG. Seeking balance between scale and profitability. March 27, 2018 Equity Research. Stock code: 1813.HK Rating: HOLD Price target (HK$) 12. Equity Research Seeking balance between scale and profitability Downgrade to HOLD and revise down TP to HK$12.50: 2017 result missed our estimation; core net profit dropped by 19% YoY, expansion execution

More information

Up for the Test -Counting down to the inclusion decision

Up for the Test -Counting down to the inclusion decision May 31, 2016 Up for the Test -Counting down to the inclusion decision Mark your calendar for Jun 14, 2015 MSCI will announce on June 14, 2016 (June 15, Beijing time) the results of its 2016 Annual Market

More information

REGULATORY SERVICES DEPARTMENT ZOO LICENSING ACT 1981 APPLICATION TO SURRENDER OR CHANGE A ZOO LICENCE. Applicant details. Full Name...

REGULATORY SERVICES DEPARTMENT ZOO LICENSING ACT 1981 APPLICATION TO SURRENDER OR CHANGE A ZOO LICENCE. Applicant details. Full Name... REGULATORY SERVICES DEPARTMENT ZOO LICENSING ACT 1981 APPLICATION TO SURRENDER OR CHANGE A ZOO LICENCE Applicant details Full Name.... (Capitals) Email.... Telephone number: Mobile:.... Address if applying

More information

We try not to use technical jargon but where this is unavoidable we have explained the meanings in a glossary at the end of the form.

We try not to use technical jargon but where this is unavoidable we have explained the meanings in a glossary at the end of the form. Transfer into your Old Mutual Wealth Pension We try not to use technical jargon but where this is unavoidable we have explained the meanings in a glossary at the end of the form. With this form you can:

More information

SUSTAINABLE BANKING NETWORK (SBN) COUNTRY PROGRESS REPORT ADDENDUM TO SBN GLOBAL VIETNAM

SUSTAINABLE BANKING NETWORK (SBN) COUNTRY PROGRESS REPORT ADDENDUM TO SBN GLOBAL VIETNAM SUSTAINABLE BANKING NETWORK (SBN) COUNTRY PROGRESS REPORT ADDENDUM TO SBN GLOBAL PROGRESS REPORT VIETNAM International Finance Corporation [2018], as the Secretariat of the Sustainable Banking Network

More information

Downtown Parking Ramp Study- Revised Proposal for Two parking ramps.

Downtown Parking Ramp Study- Revised Proposal for Two parking ramps. Devin Willi Downtown Parking Ramp Study- Revised Proposal for Two parking ramps. Erickson, Karen S To: "mayor@ci.hudson.wi.us"

More information

Critical Demographics: Rapid Aging and the Shape of the Future in China, South Korea, and Japan

Critical Demographics: Rapid Aging and the Shape of the Future in China, South Korea, and Japan Critical Demographics: Rapid Aging and the Shape of the Future in China, South Korea, and Japan Briefing for Fast Forward Scenario Planning Workshop February 27, 29 DIFFERENT SHAPES, DIFFERENT REALITIES

More information

Form 8-K. SIGNET JEWELERS LIMITED (Exact name of registrant as specified in its charter)

Form 8-K. SIGNET JEWELERS LIMITED (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

T H E B O T T O M L I N E

T H E B O T T O M L I N E R O I C A S E S T U D Y P R O G R A M : C U S T O M E R R E L A T I O N S H I P M A N A G E M E N T D O C U M E N T S 13 J A N U A R Y 2 0 1 8 SATUIT TECHNOLOGIES CALCAP ADVISORS A N A L Y S T S Kelsey

More information