Analyst Pin-board TNG – 1Q2022 results and AGM updates
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· In Q1/2022, TNG achieved revenue and NPAT of VND 1,260 billion (+38% YoY) and VND 38 billion (+74% YoY), respectively. This increase is driven by improving labor productivity and increasing demand for apparel products, especially from Decathlon. · TNG sets 2022 guidance with revenue and NPAT of 6,000 billion (+10% YoY) and 280 billion (+21% YoY), respectively. This guidance is not included the real estate segment. Son Cam Industrial Park could start contributing to TNG’s profit in 2H2022. · 2022 – 2025 strategy: (1) adding more 33% to reach 383 garment lines in 2025, bolstering 2025 revenue to surpass VND 10,000 Bn; (2) expanding orders from existing customers (especially Decathlon and Columbia); (3) developing residential real estate projects. |
TNG Investment and Trading Joint Stock Company is a Vietnam-based company engaged in the garment industry. It manufactures, trades and exports garment products, such as jackets, coats, trousers, shorts, shirts and others. The Company also manufactures paper bags, plastic materials for plastic bag manufacturing, nylon raincoats and other materials for garment manufacturing activities. In addition, it is involved in the construction of residential, commercial and industrial buildings, as well as road freight transportation and space leasing. The Company trades fire alarm equipment, computers and peripherals, office equipment and telecommunications equipment. Moreover, it provides repair and maintenance services of computers and office equipment.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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