TCM – SUSTAINABLE GROWTH
Date 21/01/2021
During last time, TCM’s stock has been interested and high evaluation by investors. On the afternoon of March 26, 2021, Thanh Cong Textile Investment and Trading JSC coordinated with Mirea Asset Security Company to hold the investor meeting with the theme “TCM – Sustainable Growth”. The meeting took place at Park Royal Hotel Saigon. Attending the conference there were Mr. Lee Eun Hong – General Director of the company, Mr. Tran Nhu Tung – Deputy General Director and Ms. Nguyen Minh Hao – Chief Accountant/Chief Financial Officer of the Company, Mr. Kim Young Gyu – Head of Investment and real estate division, the leader representatives of Mirea Asset security Company and more than 130 investors, representatives from the invested funds and analyst experts at securities companies.
Opening of the program, the conference took a look at the activities introducing the Company. Mr. Tran Nhu Tung – representative of the Board of Directors updated the Textile Garment market after Covid and some highlights in 2021 as well as shared the forecast of business results in the first quarter of 2021. Accordingly, in the first quarter of 2021, TCM forecasts revenue of about 36 million USD, up 20%, profit about 2.6 million USD, double the same period. TCM has received full orders till the end of July and is receiving orders for the last months of 2021.
At the conference, Mr. Le Quang Minh, Analyst Director of Mirae Asset Vietnam Securities also gave an overview analysis of TCM, emphasizing green enterprises and sustainable development. This is also a plus point for TCM in moving towards the image of a green and sustainable enterprise, with output products meeting environmental strict standards.
At the Q&A section, Mr. Lee Eun Hong shared the company’s development strategy and orientation. Mr. Nguyen Van Nghia – a major shareholder of the Company also said he has thoroughly researched, met with the Board of Directors of the Company and visited the Company’s factories before deciding to invest long – term in TCM shares. The investors interested and asked questions about the order situation, the investment in expanding the factory in Vinh Long, the advantages from the closed production chain as well as the opportunities of enterprises from the CPTPP, EVFTA free agreements. Besides, investors are also interested in financial indicators and TCM share price growth in the past time and forecast in the coming time. Many investors are also interested in the Company’s real estate project implementation. Mr. Kim Young Gyu, in charge of the real estate and investment division, shared about the concept of TC Tower project design and said that TCM is currently collaborating with the reliable partners to jointly implement the design and proceed procedures to apply for construction permit. Hopefully the project will soon be built, meeting the expectation of investors.
