Workers make apparel in a factory of Binh Minh Garment Joint Stock Company in HCM City (Photo: VNA)Hanoi (VNS/VNA) - Manytextile and garment enterprises have improved operations to prepare themselvesfor the list on the stock market.
Song Hong Garment JSC debuted on the Ho Chi MinhStock Exchange (HoSE) in late November 2018 by listing more than 47.6 millionshares with the code MSH.
The company started trading at the price of 45,000VND (2 USD) per share, making its market capitalisation up to 2.14 trillion VND(95.25 million USD) on the debut day.
As of October 1, the company had 511shareholders including four institutional investors and 507 individuals.
Song Hong, established in 1988 in Nam Dinh province,has grown from a small company into one of the country’s leading garment andbedding manufacturers, with nearly 11,000 employees and more than 20 factories.
It makes products for global brands such asNike, Levi’s, Calvin Klein, Tommy Hilfiger, DKNY, Karl Lagerfeld, Hurley,Converse, Jordan, Columbia Sportswear, Gap, Bugatti, Dillards, and Express.
It produces and exports 60 million products ayear, including jackets, pants, shirts, dresses, t-shirts and polo neck shirts.
Song Hong’s bedding product brand has been oneof the leaders in the domestic market for the last 10 years and has expandedexports to markets such as Japan and the Republic of Korea.
In the first nine months of this year thecompany reported profit before tax of 335.5 billion VND (14.6 million USD) onrevenues of nearly 3 trillion VND (130.4 million USD), 107 percent and 21 percentup year-on-year.
Since 2015 it has paid cash dividends of 45 percentevery year. A 35-40 percent payout is planned for 2018 and 35 percent for 2019.
It plans to expand capacity by 30 percent from2020 by investing in another production facility in Nam Dinh province.
The Hanoi Stock Exchange (HNX) approved thelisting of more than 15.4 million shares of Det May 7 JSC (DM7) on the UnlistedPublic Company Market (UPCoM) in late October with reference price of 11,800VND per share.
DM7’s main business is producing ready-madeapparel and textile products like yarn, string and mesh. In the first half of2018, DM7 achieved revenue of more than 431.4 billion VND (18.7 million USD)and after-tax profit of 20.7 billion VND (900,000 USD), up respectively by 42.8percent and 85.4 percent over the same period in 2017. The company plans to pay10 percent dividend in 2018.
Ealier on July 18, HNX officially put more thaneight million shares of Investment and Development Joint Stock Company (TDT) onthe northern stock exchange with a total listed value of 80 billion VND (3.5million USD) and reference price in the first trading day of 15,000 VND (65 UScents) per share.
Since its establishment, TDT’s revenue hasmainly come from the simple outsourcing activities - Cut, Make and Trim (CMT),meaning that the company is just responsible for cutting the fabric, and makingand trimming the garments.
Since 2016, the company switched theirproduction methods to free on board (FOB) method, allowing the enterprise toinvolve in the selection of input material with the materials imported from anunit appointed previously by the firm’s partner.
Since they applied the new production method,revenue of TDT has come mainly from exports. Domestic sales accounts for only 6to 18 percent, generating mostly from the outsourcing activities (CMT) fordomestic partners like Duc Giang Garment Corporation, Viet Sun Investment JSCand Athena JSC.
Last week, Binh Minh Garment Joint Stock Companyput more than 5.29 million of its shares (BMG) with the total registeredtransactions value of 52.9 billion VND (2.3 million USD) on the UPCoM.
The company was formerly known as Binh Minhgarment factory established in 1975. At that time, the factory had a2,500-metre factory, about 200 machinery and equipment and more than 300workers. Its products were mainly exported to Eastern Europe and the Russianmarkets.
In 1999, the company transformed itself into a jointstock company. As of 2018, Binh Minh had charter capital of 52.9 billion VND (2.3million USD).
Currently, the company has more than 2,500employees, three branches with a factory area of more than 40,000 metres in HCM City, Hanoi, thesouthern province of Binh Duong and the northern city of Hai Phong, with morethan 3,000 machines and equipment.
Binh Minh Garment processes garment productsunder FOB method, partnering with various brands like Owen, Uniqlo, Umbro,Vanhausen, Fila, Lee, Limeted too, American, Eagle and VHF. The main exportedproducts of the company include high-end shirts, sportswear and jackets of allkinds, exported to Japan, America, Europe and other countries
BMG also has its own brands for domesticconsumption named Gendai, providing shirts, t-shirts and sportswear.
As of late December 2018, Binh Minh Garmentcompleted 76.1 percent and 77.8 percent of the revenue and after tax profitplans for 2018.-VNS/VNA
Song Hong Garment JSC debuted on the Ho Chi MinhStock Exchange (HoSE) in late November 2018 by listing more than 47.6 millionshares with the code MSH.
The company started trading at the price of 45,000VND (2 USD) per share, making its market capitalisation up to 2.14 trillion VND(95.25 million USD) on the debut day.
As of October 1, the company had 511shareholders including four institutional investors and 507 individuals.
Song Hong, established in 1988 in Nam Dinh province,has grown from a small company into one of the country’s leading garment andbedding manufacturers, with nearly 11,000 employees and more than 20 factories.
It makes products for global brands such asNike, Levi’s, Calvin Klein, Tommy Hilfiger, DKNY, Karl Lagerfeld, Hurley,Converse, Jordan, Columbia Sportswear, Gap, Bugatti, Dillards, and Express.
It produces and exports 60 million products ayear, including jackets, pants, shirts, dresses, t-shirts and polo neck shirts.
Song Hong’s bedding product brand has been oneof the leaders in the domestic market for the last 10 years and has expandedexports to markets such as Japan and the Republic of Korea.
In the first nine months of this year thecompany reported profit before tax of 335.5 billion VND (14.6 million USD) onrevenues of nearly 3 trillion VND (130.4 million USD), 107 percent and 21 percentup year-on-year.
Since 2015 it has paid cash dividends of 45 percentevery year. A 35-40 percent payout is planned for 2018 and 35 percent for 2019.
It plans to expand capacity by 30 percent from2020 by investing in another production facility in Nam Dinh province.
The Hanoi Stock Exchange (HNX) approved thelisting of more than 15.4 million shares of Det May 7 JSC (DM7) on the UnlistedPublic Company Market (UPCoM) in late October with reference price of 11,800VND per share.
DM7’s main business is producing ready-madeapparel and textile products like yarn, string and mesh. In the first half of2018, DM7 achieved revenue of more than 431.4 billion VND (18.7 million USD)and after-tax profit of 20.7 billion VND (900,000 USD), up respectively by 42.8percent and 85.4 percent over the same period in 2017. The company plans to pay10 percent dividend in 2018.
Ealier on July 18, HNX officially put more thaneight million shares of Investment and Development Joint Stock Company (TDT) onthe northern stock exchange with a total listed value of 80 billion VND (3.5million USD) and reference price in the first trading day of 15,000 VND (65 UScents) per share.
Since its establishment, TDT’s revenue hasmainly come from the simple outsourcing activities - Cut, Make and Trim (CMT),meaning that the company is just responsible for cutting the fabric, and makingand trimming the garments.
Since 2016, the company switched theirproduction methods to free on board (FOB) method, allowing the enterprise toinvolve in the selection of input material with the materials imported from anunit appointed previously by the firm’s partner.
Since they applied the new production method,revenue of TDT has come mainly from exports. Domestic sales accounts for only 6to 18 percent, generating mostly from the outsourcing activities (CMT) fordomestic partners like Duc Giang Garment Corporation, Viet Sun Investment JSCand Athena JSC.
Last week, Binh Minh Garment Joint Stock Companyput more than 5.29 million of its shares (BMG) with the total registeredtransactions value of 52.9 billion VND (2.3 million USD) on the UPCoM.
The company was formerly known as Binh Minhgarment factory established in 1975. At that time, the factory had a2,500-metre factory, about 200 machinery and equipment and more than 300workers. Its products were mainly exported to Eastern Europe and the Russianmarkets.
In 1999, the company transformed itself into a jointstock company. As of 2018, Binh Minh had charter capital of 52.9 billion VND (2.3million USD).
Currently, the company has more than 2,500employees, three branches with a factory area of more than 40,000 metres in HCM City, Hanoi, thesouthern province of Binh Duong and the northern city of Hai Phong, with morethan 3,000 machines and equipment.
Binh Minh Garment processes garment productsunder FOB method, partnering with various brands like Owen, Uniqlo, Umbro,Vanhausen, Fila, Lee, Limeted too, American, Eagle and VHF. The main exportedproducts of the company include high-end shirts, sportswear and jackets of allkinds, exported to Japan, America, Europe and other countries
BMG also has its own brands for domesticconsumption named Gendai, providing shirts, t-shirts and sportswear.
As of late December 2018, Binh Minh Garmentcompleted 76.1 percent and 77.8 percent of the revenue and after tax profitplans for 2018.-VNS/VNA
VNA
