Ms Dang Huynh Uc My: “ It will gain successful achievement when investing into SBT”

Ms. Dang Huynh Uc My – Vice Chairwoman of SBT said to partners, investors should think about investing into SBT right now.

“In the future time, we believe that you can gain many successful achievement instead of there are good results as same as annual result”, Ms. Dang Huynh Uc My said.

On October 28, Thanh Thanh Cong Bien Hoa Joint Stock Company (AgriS, SBT) organized Annual General Meeting of Shareholders period 2021 – 2022 at GEM Center, District 1 with purpose of showing result of business activities period 2021 – 2022 and new strategic for period 2022 – 2023. The total stocks of shareholders who joined the meeting reached over 73% compared to the total of stocks that were permitted to vote officially.

This is the first time, profit of SBT is over 1.000 billion since establishment

Speaking at the programme, Mrs. Huynh Bich Ngoc – ChairWOman of SBT said that: “2020 – 2021 is a difficult period for SBT and all of the companies of my countries when dease Covid – 19 is occurring. Up to October in this year, when Covid – 19 decreased and the economy reopened, directors of SBT predicted risks because of leak of supply, so that there are many projects to solve problems and bring good results for SBT in the period 2021 – 2022”.

In the period of 2021 – 2022, total productivity of the company continuously reached over 1 billion tons. Net revenue of SBT is 18.319 billion, an increase of 23% compared to the same of period 2020 – 2021 and completed 108%  of plan. Profit before tax gained 1.046 billion, increased 33% and completed 139% of the old plan. This is the first time, our profit is over 1.000 billion in a period since establishment.

Besides, SBT also applied technology in managing goods, reducing fees… due to gross margin increased strongly with 13%.

Therefore, SBT is going to divide annual dividends with a proportion of 7%. Supply of these are from undistributed after – tax profit period 2021 – 2022.

Specially, last year SBT implemented of internal and external capital structure, successfully opened credit limit up to 100 million USD at many banks; increased internal capital limit at local banks up to 3.500 billion.

Continuously expand into Singapore market, SBT has goal with profit before tax is 850 billion

Period 2022 – 2023, Directors predict the market has many difficulties such as geopolitical risks, liquidity risk, risk of public debt crisis when interest rate and proportion with price of USD/VND increasing continuously instead of increasing the price of USD. This problem is going to upgrade until end of year and next year.

Thus, economy of Vietnam and economy of SBT are also affected by macroscopic difficulties. Directors have strategic for new period, business management model change from production technique to trade in export service and apply international business strategic.

1. Expand business environment into international market with purpose for upgrading competition of SBT all over the world. SBT chose Global Mind Agriculture Pte. Ltd. (GMA) – a subsidiary at Singapore – an important point to expand, increase company size and capital of international projects through reinvestment from using a part of profit or total of profit of each project. Besides, attracting aboard capitals through activities releasing dividends toward GMA on the market.

2. From a company that has many benefits of production technique to an international trading company with a development basement is technology, completing the product value chain.

3. Support R&D activities to develop new business model. Lastly, change from normal business company to Commercial Center – multi channel business model to develop strength of business staff through muti-fields with amount of customers, expand distribution system…

In other sides, Board of Directors of SBT has planned with turnover of 17.017 billion, profit before tax of 850 billion. SBT is going to divide dividends in period 2022 – 2023 with proportion of 6%.

Plan for releasing 126 million stocks

According to new plan, shareholders sell stocks with increasing interest business. A number of stocks are sold with 126 million stocks, corresponding to 20% amount of stocks releasing. The time completion is before June 30 in 2023, price is confirmed and pronunciated by Board of Directors.

Investors are professional businessman, fortable and have suitable strategies with SBT. Stocks in this period is limited transparent rights during 1 year since the day of completely selling.

SBT also release bonds with total price of maximum of 1.000 billion, cooperated with subsidiaries with restructuring methods in order to develop activities of company….

At the Meeting, Ms. Dang Huynh Uc My – Vice Chairman of Board of Diretors of SBT shared about opportunities and some development company projects in the future.

 Ms Dang Huynh Uc My - Vie Chairwoman of SBT talked about new plans Commercial Value Chain

Ms. Dang Huynh Uc My talked about speed of releasing with proportion of 20% stocks:

Firstly, she apologized to shareholders for the time of selling is more late than the time of plan. Therefore, SBT willing to cooperate with shareholders in Euro. Many months of this year, fighting Russia – Ukraine interrupted this project. Because total products of SBT are manufactured by value of sugarcanes, coconuts and other fruits such as bananas, the capability of SBT is more stronger than capability that investors saw. According to SBT, necessary things environment is very huge with size of 100 million inhabitants in our country. Then, SBT developed R&D, production research for demand of environment. In the future, SBT is going to introduce many interesting productions such as spice, sugarcane juice, tea…”.

Ms. Dang Huynh Uc My also shared about opportunities of SBT in Australia: “If we do not study, we will develop our knowledge. We continuously develop modern technology in Australia. This is the modest agricultural export environment all over the world. Australia is a country reserve value of agriculture naturally. She has living at this country to know more new technique, technology fastly”.

Why the price of stocks of SBT is decreases, Ms. Dang Huynh Uc My said that: “Over time, stocks market has changed erratically, express and barriers affected to stocks of SBT, interst of many companies have decreased from 30% to 50%, moreover, there are some companies have decreased 70%. She believed that more stable environment is more attractive, you gain successful result instead of annual good result”.

Each year, SBT is going to devide stocks with a proportion of 7% for each shareholder. SBT developed modern agriculture in period 4.0. Therefore, value of company is going to increase following the development of SBT.

“She participates in stocks of SBT in the future time”, Ms. My emphasised.

Chairman Board of Directors of SBT – Ms. Huynh Bich Ngoc shared more information, in difficult problems right now, agriculture  is a development basement for economy. “There is war, inhabitants also must eat and sugar is necessary things”, Ms. Ngoc emphasised opportunities for investing into stocks of SBT.

Directors of SBT also talked about difficulties and effort of their company with purpose for changing these difficulties into opportunities

Board of Directors of SBT paticipated in Annual Meeting in the period 2021-2022

Chairman of the Board - Ms. Huynh Bich Ngoc answered questions from shareholders about the company's plan to continue to expand the material area: "The raw material area is the key to creating competitiveness for manufacturing enterprises in general and SBT. With SBT, the raw material area is also considered as the survival of the factory and the company. Therefore, SBT regularly offers investment policies and procedures that suitable to terrain and soil where SBT is having targets. In the year 2022-2023, besides the existing material area, SBT also promotes the cross-border material area. Currently, SBT is developing material areas in Laos, Cambodia and Australia”.

Ms. Huynh Bich Ngoc shared that accompanying farmers is one of the orientations in the company's strategy to expand the material area. Currently, SBT is building a generation of agribusinesses, supporting sugarcane growers through 3 core policies:

Firstly,  support investment capital to increase farming efficiency: SBT supports the cost of cultivating land, seeds, fertilizers as well as supporting farmers to develop farming on a large fields.

Secondly, supporting technology for farmers to cultivate: SBT provides the policy of mechanization as well as the sugarcane growing process, equipment, etc. to the farmers.

Along with that program,  we also established a farmer's club: encouraging farmers to increase their productivity and receiving the response from farmers.

SBT also introduced a purchasing policy to support sugarcane farmers, which closely followed the world sugar price in favor of farmers. Specifically, when sugar prices recover, SBT raises the purchasing price, and vice versa, there is a policy of price insurance (ie applying a minimum price to ensure profits in the context of a decrease in sugar prices) so that farmers can rest assured to expand their planting areas.

Independent member of the Board of Directors - Mr. Hoang Manh Tien also shared about building a management system and risk in a volatile period: "As a listed company, governance is a top concern, especially especially in the current period of many changes. This is also considered an important factor to ensure the completion of the proposed strategy. Therefore, the Board of Directors of SBT always strives to build a governance system, which complies with the current Laws (Enterprise Law, Securities Law)... aiming to fully exploit the company's potential, transparent information, and increase profits. increase shareholder interests”.

Besides day-to-day management, SBT risk management is also considered a guideline for sustainable operations over the years. Reporting to shareholders, the current risk management system at SBT has been continuously improved and completed with the advice of one of the current global auditing firms, E&Y.

New members of Board of Directors of SBT in 2022

This meeting also approved the resignation letter of Board of Directors member, Mr. Nguyen Van De (from October 5, 2022), and independent member of the Board of Directors, Ms. Huang Lovia (from October 5, 2022). The Board of Directors will additionally elect two alternative candidates, Mr. Tran Trong Gia Vinh and Mr. Tran Tan Viet.

At the end of this meeting, all the proposals were passed with a high rate. Mr. Nguyen Thanh Ngu - General Director of SBT said: "With the proposed directional strategies, SBT expects to reach the goal of period 2022-2023 plan."

Via Cong Thuong