The recently successful Initial Public Offering (IPO) is just the first step of xổ số miền nam hôm nay (Ticker symbol: APH) in the company’s plan to mobilise capital for AnBio compostable material manufacturing plant. The project will put APH on the list of one of the few enterprises in the world such as BASF, Novamont, NatureWorks, Total Corbion … that capable in producing compostable materials.
- APH – kết quả xổ số hôm nay noteworthy stock IPO during Covid-19 outbreak
In an interaction with media, Mr. Dinh Xuan Cuong, Vice Chairman and Chief Executive Officer (CEO) of APH proudly said that this will be kết quả xổ số hôm nay first compostable material manufacturing plant in Vietnam that would be able to supply “green” materials for both domestic and international production.
When AnBio project is completed in 2022, APH will fully take kết quả xổ số hôm nay initiative in production inputs, while reducing product’s cost to create more competitive advantage. In kết quả xổ số hôm nay context that kết quả xổ số hôm nay market of compostable products is expected to accelerate in kết quả xổ số hôm nay next few years to replace disposable plastic products, this is considered an important strategic move of kết quả xổ số hôm nay largest green materials manufacturer in Vietnam.
To have a more comprehensive view, kết quả xổ số hôm nay reporter had an interview with kết quả xổ số hôm nay Vice Chairman and CEO of APH.
As seen, kết quả xổ số hôm nay registration for your last IPO auction was nearly5 times higher than your expectation , kết quả xổ số hôm naybidpriceis 2 times higher than initial one. Maybe, bothof you & BoD were really surprised with this result?
– We were not surprised with kết quả xổ số hôm nay auction results, but we impressed with kết quả xổ số hôm nay number of auction registrations that nearly 5 times higher than kết quả xổ số hôm nay selling volume. Prior to kết quả xổ số hôm nay IPO, many investors who participated in this auction had earlier discussed and worked with APH. Therefore, we foresaw kết quả xổ số hôm nay price they were willing to pay.
In kết quả xổ số hôm nay recent IPO, APH has been highly priced. It can also be seen that many investors are interested in APH’s stock and AnBio compostable material manufacturing plant. That is a good sign.
Calculation methods indicate that the book value of xổ số miền nam hôm nay as of December 31, 2019 at only VND 15,300, while other calculating methods point out market value of xổ số miền nam hôm nay at around VND 23,800 per share. So, in your opinion, what are the reasons for investors to pay more than VND 50,000 per share, much higher than the valuation of the other companies in the same industry?
-According to kết quả xổ số hôm nay statistics of kết quả xổ số hôm nay listing consultant, kết quả xổ số hôm nay average P/E ratio of kết quả xổ số hôm nay domestic and regional plastic industry is about 11.17x. With 2019 EPS is VND 3,433 per share, based on kết quả xổ số hôm nay company’s P/E ratio, kết quả xổ số hôm nay valuation of APH is VND 38,344 per share. However, I believe that investors buying a stock not only based on historical data but also its future prospect. Therefore, when investors paid more than VND 50,000 per share, it represents investors’ confidence in kết quả xổ số hôm nay growth prospects of APH as well as our subsidiaries.
Though securities market now has recovered slightly, but it is still very unpredictable. In kết quả xổ số hôm nay past, there were many successful IPO with high bid prices, but when listed, kết quả xổ số hôm nay stock price will plunge in kết quả xổ số hôm nay first few session. What is your opinion on this matter?
-Listing immediately after kết quả xổ số hôm nay IPO is an usual and common activity in developed stock markets to mitigate kết quả xổ số hôm nay risk after investors participating in kết quả xổ số hôm nay IPO, so that they can trading stocks as soon as possible.
APH aims to issue and prioritize majority of shares for institutional investors who aim to hold stock for a long-term. We strongly believe that their long-term commitment with businesses will help reduce price variation.
In addition, when AnBio comes into operation, it will contribute significantly to kết quả xổ số hôm nay company’s business results.
In stark contrast with other businesses, APH chose to IPO and listing at this sensitive period. In comparison with state-owned enterprise, it seems that equitization activities, IPOs will be delayed due to COVID-19. Sir, what is kết quả xổ số hôm nay reason behind this scenery?
-We have a clear goal of raising capital for AnBio plant. Capital from kết quả xổ số hôm nay IPO will be retained to increase kết quả xổ số hôm nay surplus and value for kết quả xổ số hôm nay company. This project is indispensable and crucial in APH’s development plan, thus it is suitable to implement at this time.
Moreover, COVID-19 has been well controlled in Vietnam. Vietnam has also become a bright spot in kết quả xổ số hôm nay world after successfully contained kết quả xổ số hôm nay pandemic. kết quả xổ số hôm nay fewer businesses listed at this time, kết quả xổ số hôm nay more prominent we become to lure more investors.
During kết quả xổ số hôm nay time combating COVID-19, we still ensure production and business activities. As a result, when kết quả xổ số hôm nay pandemic is under control, APH is ready to welcome investors, especially foreign investors, who are increasingly considering Vietnam as an attractive destination.
Sir, as it is known that APH will spend 15.75 million shares to sell to strategic investors. Could you please reveal more information about potential investors as well as their strengths to support kết quả xổ số hôm nay company in business operations and market expansion in kết quả xổ số hôm nay future?
We spend majority of this issuance for strategic investors while targeting long-term financial investors.
Reputable and experienced long-term financial investors in developed and developing countries will bring long-term, stable financial support to us.
On kết quả xổ số hôm nay other hand, strategic investors will offer recommendation about project implementation such as: implementing and working with contractor, reaching potential customers, expanding product consumption markets, technology and operation support.
Currently, APH is working with 7 investors, of which 5 are long-term financial institutions and two strategic investors. Investors are all from foreign countries like Korea, Japan, Germany and some multinational organizations.
- Strategic move to conquer North American market
Sir, as far as I know, APH Board of Directors has had many working trips in kết quả xổ số hôm nay US to prepare for kết quả xổ số hôm nay plan to develop market for compostable products. Could you reveal what has been achieved and kết quả xổ số hôm nay company’s goal in kết quả xổ số hôm nay coming time?
We consider kết quả xổ số hôm nay US as a huge potential market for kết quả xổ số hôm nay development of compostable products. APH has had many working trips with organizations in kết quả xổ số hôm nay US, including strategic advisory firm kết quả xổ số hôm nay Asia Group.
At present, we have established a company in kết quả xổ số hôm nay US and we are forming plan to penetrate this market. In my opinion, social instability is temporary and kết quả xổ số hôm nay impact of kết quả xổ số hôm nay COVID-19 will not halt kết quả xổ số hôm nay medium to long term growth trend of eco-friendly products here.
Sir, might you give an overview of kết quả xổ số hôm nay attractiveness of compostable products market in Europe and kết quả xổ số hôm nay US, where you have been selling your products?
-Our overseas market has expanded significantly, from 5 countries (in 2019) to more than 20 countries at present, including kết quả xổ số hôm nay US, Canada and other European countries. This is a very potential market when these countries tend to switch gradually to environmentally friendly products. Since then, compostable products are perfect replacement.
According to research, in kết quả xổ số hôm nay next 3-5 years, environmentally friendly products will account for 20-30% of total plastic products worldwide.
We have solved kết quả xổ số hôm nay puzzle for compostable product price in best way. Therefore, in order to catch up with this global trend, we decided to invest in AnBio compostable plant, taking kết quả xổ số hôm nay initiative in materials, reducing production cost and creating more competitiveness for APH. Many familiar customers in these markets now have shifted to our compostable products.
kết quả xổ số hôm nay potential of kết quả xổ số hôm nay North American market as mentioned is enormous. But this is also certainly a very competitive market. Sir, what do you think about kết quả xổ số hôm nay opportunities & challenges for APH compared to competitors in this market?
-kết quả xổ số hôm nay North American market is larger than both Europe and Japan. Moreover, we can see kết quả xổ số hôm nay quick trend shifting to environmentally friendly products here.
At this moment, this market is competing for kết quả xổ số hôm nay supply of environmentally friendly products in kết quả xổ số hôm nay direction that benefit APH when we are one of kết quả xổ số hôm nay few enterprises in kết quả xổ số hôm nay world holding kết quả xổ số hôm nay patent for manufacturing compostable materials.
Sir, you have just mentioned “kết quả xổ số hôm nay patent for manufacturing compostable materials”, so what are kết quả xổ số hôm nay outstanding features of this project?
-We will have raw materials self-supply for production from kết quả xổ số hôm nay first to kết quả xổ số hôm nay last stage instead of importing raw materials from aboard to manufacture finished products.
So, what role will AnBio play in APH production system?
– This will be kết quả xổ số hôm nay first compostable material manufacturing plant in Vietnam that can supply and meet kết quả xổ số hôm nay demand for both domestic and foreign markets. kết quả xổ số hôm nay factory will completely change APH’s position, to be both a producer and a trader of green materials.
There have been a number of large partners in Vietnam coming to APH and questioning kết quả xổ số hôm nay trade of AnBio compostable material. Our goal of becoming Southeast Asia’s largest bioplastic group is in kết quả xổ số hôm nay near future.
Sir, according to kết quả xổ số hôm nay calculation of kết quả xổ số hôm nay investment project, what is kết quả xổ số hôm nay internal rate of return (IRR) of this project? In comparison with other plastic and packaging projects that APH has invested, are kết quả xổ số hôm nay profit margins superior?
-kết quả xổ số hôm nay rate of return of kết quả xổ số hôm nay project is 36% according to our estimates. Overall, this project is extremely important because it will help increase kết quả xổ số hôm nay efficiency of subsidiaries by helping reduce input costs and increase profit margins. kết quả xổ số hôm nay rate of return on a (consolidated) perspective of kết quả xổ số hôm nay Group is much higher than previous projects.
We are currently importing materials from Europe, manufacture products and then exporting them back to Europe. kết quả xổ số hôm nay raw materials self-supply will help APH save production costs about 30% for subsidiaries while kết quả xổ số hôm nay parent company still enjoys a gross profit margin of 25-30% of this project.
- Difficulties provide a window of opportunity
Until now, we all know how COVID-19 has negatively impacted on kết quả xổ số hôm nay world economy while America is one of kết quả xổ số hôm nay most impacted countries and now concerns about kết quả xổ số hôm nay second wave of COVID. Thus, APH may encounter many difficulties in kết quả xổ số hôm nay coming time. Sir, will epidemics affect kết quả xổ số hôm nay progress and investment plan of kết quả xổ số hôm nay company?
– It can be said that COVID-19 influences our outreach activities and seeking new customers in this market. But kết quả xổ số hôm nay North American development plan is a long-term one, and we believe that Covid-19 will soon be contained here. Furthermore, kết quả xổ số hôm nay use of environmentally friendly products is an inevitable trend, so in kết quả xổ số hôm nay long-term, there is nothing to be worried about.
Sir, can you disclose about kết quả xổ số hôm nay business situation of kết quả xổ số hôm nay two prominent subsidiaries (AAA and NHH) in kết quả xổ số hôm nay first 6 months. Is kết quả xổ số hôm nay influence of COVID-19 significant, especially on AAA’s international trade, or with NHH’s industrial supporting equipment production?-As we mentioned in kết quả xổ số hôm nay media earlier, kết quả xổ số hôm nay production of AAA has not decreased in quantity, especially kết quả xổ số hôm nay compostable products segment is still growing because these are essential consumer products.
Supporting industry is also affected by Covid-19 due to some customers suspending production but we forecast to grow strongly in kết quả xổ số hôm nay last 6 months.
What did APH Board of Management do to help subsidiaries overcome difficult times, especially to help them rebound when kết quả xổ số hôm nay market recovers?
-I hold kết quả xổ số hôm nay belief that “fire proves gold, adversity proves men “, we have nearly 20 years of experience in kết quả xổ số hôm nay market, facing many challenges but we overcame those obstacles to grow. I think that, under any circumstances, difficulties provide a window of opportunity. kết quả xổ số hôm nay recent successful IPO of APH is a testament to this. During tough times, we have been doing very well. So, there is no reason when kết quả xổ số hôm nay market recovers, we could not do better.
Thank you very much.
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