Bamboo Capital chairman buys 5 million BCG shares

By Tuong Nguyen
Fri, December 16, 2022 | 2:30 pm GMT+7

Nguyen Ho Nam, chairman of Vietnamese conglomerate Bamboo Capital Group (BCG), has completed his purchase of the five million BCG shares he had registered.

 Nguyen Ho Nam, chairman of Bamboo Capital Group. Photo courtesy of the group.

Nguyen Ho Nam, chairman of Bamboo Capital Group. Photo courtesy of the group.

He publicized the completion Friday. Four weeks before that, margin calls occurred to 4.6 million shares of BCG on November 16, then he registered to buy five million shares of his group, based in Ho Chi Minh City and listed on the Ho Chi Minh Stock Exchange as BCG.

His purchase took place on December 2 -14; during which BCG shares were traded in the range of VND7,000 - 8,000 (to $0.34), higher than the price range of VND4,540 - 5,200 (to $0.22) at the time the margin calls happened.

This buying raised his holding at BCG to 83,371,894 million shares, equal to 15.63% of the corporation’s charter capital. Despite higher buying prices, Nam has fulfilled his committed holding ratio.

Closing the Thursday trading, BCG stocks were VND7,430 ($0.32) per unit, up 63% from the lowest of VND4,540 (0.19) per unit. However, this level is still much lower than its peak in March this year.

According to BCG, the low price levels are in line with the general downtrend in the market over the past few months and do not reflect the true value and potential of BCG. Despite many business difficulties during the period, the group is maintaining its activities normally. Its Board of Directors is seeking to adjust its business strategy to match market fluctuations and optimize the interests of shareholders and investors.

The business earned after-tax profits of VND885.32 billion ($35.65 million) on revenues of VND3,311 billion in the first nine months of the year, up 26.24% and 73.81% year-on-year, respectively. BCG has maintained such growth from 2018 to now, with the growth in revenue and post-tax profit at 41.1% and 157.9%, respectively.

The gross profit margin and net profit margin in the nine-month period reached 35.2% and 27.7%, respectively.

By September 30, 2022, BCG’s total assets were VND43,752 billion ($1.76 billion), up 16.1% compared to the beginning of the year.

Owner equity jumped 63.3% to VND13,634 billion ($549 million) after nine months. Its total debt-to-equity ratio fell from 7.2 by end-2020 to 3.5 by end-2021 and 2.2 by September 30 this year, an average rate in comparison with competitors in the sector.

In the renewable energy sector, during January-September, its power sales to State utility Vietnam Electricity (EVN) increased by 13% year-on-year, with the business implementing solar and wind power projects in the Central Highlands and southwestern region.

For the realty sector, good absorption was recorded at offerings. King Crown Infinity project has 325 out of 725 apartments reserved, while Hoian d'Or project has sold 166 out of 202 shophouses and has started delivering properties to customers since September.

Regarding bonds, those issued by BCG and its subsidiaries serve the financing of projects and have a maturity suitable to project progress. In 2022, bonds worth VND450 billion ($18.14 million) issued by a subsidiary will mature in the four quarter, while none will mature next year. The company is holding VND1,300 billion ($52.38 million) in cash and cash equivalents.

This year, BCG aims for a post-tax profit of VND2,200 billion ($88.68 million) on revenue of VND7,251 billion. After nine months, BCG fulfilled 45.7% and 40.2% of the year's revenue and profit targets, respectively.

Comments (0)
  • Read More
Dairy giant TH Group proposes 5 projects in southern Vietnam

Dairy giant TH Group proposes 5 projects in southern Vietnam

TH Group, one of Vietnam’s leading dairy producers, has proposed five major projects in the southern province of Binh Phuoc, in the fields of industrial production and urban area, golf course and high-tech agricultural production zone developments.

Industries - Thu, May 29, 2025 | 12:02 pm GMT+7

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

The cybersecurity breach that major Vietnamese brokerage VNDirect Securities encountered in 2024 was "an unfortunate incident, but also a lucky chance", chairwoman Pham Minh Huong said on Wednesday.

Finance - Thu, May 29, 2025 | 9:48 am GMT+7

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam encourages smart and green seaport investments, as technical barriers related to CO2 emissions and CO2 taxes begin to be tightened up globally.

Infrastructure - Wed, May 28, 2025 | 10:07 pm GMT+7

New Zealand, Vietnam expand timber trade partnership

New Zealand, Vietnam expand timber trade partnership

New Zealand Forestry and Trade Minister Todd McClay on Tuesday unveiled a new bilateral agreement with Vietnam designed to boost timber exports and remove potential trade barriers in the two countries' forestry sectors.

Companies - Wed, May 28, 2025 | 8:53 pm GMT+7

Norway vows to support Vietnam's energy transition

Norway vows to support Vietnam's energy transition

Norway is committed to supporting Vietnam’s energy transition, Norwegian Ambassador to Vietnam Hilde Solbakken said at a technical seminar held in Hanoi on Wednesday.

Companies - Wed, May 28, 2025 | 8:49 pm GMT+7

Thailand expected to become regional luxury retail hub

Thailand expected to become regional luxury retail hub

Thailand's luxury retail market is valued at $4.4 billion and projected to grow by approximately 5% annually through 2028, placing the country at the forefront of luxury retail in Southeast Asia and seventh in Asia-Pacific, according to property consultant CBRE Thailand.

Southeast Asia - Wed, May 28, 2025 | 8:44 pm GMT+7

Indonesia affirms role as leading global maritime hub

Indonesia affirms role as leading global maritime hub

The Indonesia Maritime Expo, held as part of Indonesia Maritime Week 2025 on May 26-28, is the first large-scale maritime event in the country, aiming to affirm its role as a global maritime hub and promote the sustainable development of the region’s maritime industry.

Southeast Asia - Wed, May 28, 2025 | 8:41 pm GMT+7

Vietnam benchmark VN-Index hits 3-year high

Vietnam benchmark VN-Index hits 3-year high

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), recorded a four-day gaining streak on Wednesday, rising 2.06 points, or 0.15%, to 1,341.87 points - the highest since May 2022.

Finance - Wed, May 28, 2025 | 6:37 pm GMT+7

HSBC launches sustainability improvement loan in Vietnam

HSBC launches sustainability improvement loan in Vietnam

HSBC has introduced its Sustainability Improvement Loan, a new financing solution tailored for businesses with annual turnover less than $550 million, in Vietnam, after launching it in 12 markets including the UK, Middle East, Hong Kong and Singapore last year.

Banking - Wed, May 28, 2025 | 6:15 pm GMT+7

CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam

CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam

France's CMA CGM Group, a global player in sea, land, air, and logistics solutions, has signed a partnership agreement with Vietnam's Saigon Newport Corporation (SNP) to develop a deep-water terminal in Hai Phong city, northern Vietnam.

Infrastructure - Wed, May 28, 2025 | 5:01 pm GMT+7

Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam

Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam

Rapidus Corporation, a semiconductor manufacturer of Japan, has affirmed its readiness to train semiconductor workforce for Vietnam.

Economy - Wed, May 28, 2025 | 3:21 pm GMT+7

Corporate leaders offer insight into Vietnam's social housing investment landscape

Corporate leaders offer insight into Vietnam's social housing investment landscape

Corporate leaders explained why they are reluctant to invest in social housing, despite the enormous demand in Vietnam, and recommended solutions. Kim Ngan reports.

Real Estate - Wed, May 28, 2025 | 2:49 pm GMT+7

France’s pharma giant Sanofi to transfer vaccine production tech to VNVC factory in southern Vietnam

France’s pharma giant Sanofi to transfer vaccine production tech to VNVC factory in southern Vietnam

Sanofi will transfer vaccine production technology to a Long An province-based factory of Vietnam Vaccine Joint Stock Company (VNVC), whose construction began on Tuesday.

Companies - Wed, May 28, 2025 | 11:54 am GMT+7

Telco giant Viettel, S Korea’s KT partner to boost AI transformation in Vietnam

Telco giant Viettel, S Korea’s KT partner to boost AI transformation in Vietnam

Vietnam’s military-run telecom heavyweight Viettel has signed a strategic partnership agreement with KT, formerly known as Korea Telecom, to advance AI transformation (AX) in the Southeast Asian nation.

Companies - Wed, May 28, 2025 | 9:21 am GMT+7

Japanese companies should be 'early-bird investors' in Vietnam’s semiconductor industry

Japanese companies should be 'early-bird investors' in Vietnam’s semiconductor industry

Vietnam’s Deputy Prime Minister Nguyen Chi Dung has urged Japanese companies, particularly Kioxia Corporation, to take advantage of current opportunities and invest early in Vietnam’s emerging semiconductor industry.

Industries - Tue, May 27, 2025 | 10:03 pm GMT+7

French firms should invest more in renewable energy, infrastructure, agriculture: Vietnam's Deputy PM

French firms should invest more in renewable energy, infrastructure, agriculture: Vietnam's Deputy PM

French companies should enhance their business ties with Vietnam in the fields of high technology, sustainable development, renewable energy, infrastructure, transportation, and agriculture, says Deputy Prime Minister Ho Duc Phoc.

Investing - Tue, May 27, 2025 | 9:39 pm GMT+7