Louis Capital expects strong growth this year

It is forecasted that by 2023, Louis Capital Joint Stock Company (TGG) will earn more than VND 1,430 billion and profit after tax of over VND 140 billion.

This year, Louis Capital continues to invest, contribute capital and restructure subsidiaries including Wings Global, PBP, Golden Paddy, Louis AMC and Sametel. The above businesses have business lines ranging from logistics, purchasing rice by-products, selling rice to debt trading, telecommunications, clean energy…

At the same time, the company still promotes financial investment activities to maximize profits. Last year, this was the main source of revenue for this business, bringing the profit 50 times higher than the plan. Financial revenue in 2021 increased nearly 34 times compared to the previous year, mainly from securities trading, accounting for 99.5%.

The management of Louis Capital explained that business results fluctuated strongly thanks to the company’s change of business orientation from mid-2021 towards focusing on investment and debt trading. In the last quarter of last year, the company liquidated investments, sold securities in the portfolio, so profits jumped.

Financial activities are the mainstay of Louis Capital in the coming time, while according to the initial orientation, TGG will become a multi-industry enterprise in real estate, seafood, agricultural products, debt trading, cultivation and animal husbandry. stock.

The 2022-2023 plan clearly states that this business will continue to maintain short-term investments with high efficiency and manage investments in subsidiaries and affiliates in the Louis Holdings ecosystem. to provide a stable source of income.

The leadership will also improve and strengthen investor relations activities, make all investments transparent to raise capital, and call for partners to participate in large projects. In which, Louis Capital determines that M&A opportunities will be a key part, in addition, there is a resort real estate project Ao Gio Suoi Tien (Phu Tho) with a scale of 173 hectares in the first phase.

Carry “surname Louis“, this business is determined to continue to strengthen its close relationship with his ecosystem Do Thanh Nhan aims to provide self-contained services related to asset management, consulting and financial leasing activities. The Board of Directors also proposed to shareholders to consider adding financial investment activities to the main business lines.

After a year, the word “duck” suddenly became “swan”, TGG stock started to cool down from the end of September last year until now. In mid-January, this code only traded around the price range of 10,000 VND per unit, nearly 8 times lower than the peak. After that, shares of Louis Capital started to gain momentum. Recently, the market price of TGG increased and decreased continuously, at the end of the morning session on March 29, orders were matched around 25,300 dong per share.

Siddhartha