The average income of employees “in the year of covid” is still over 16 million VND/month; salary for work stoppage due to the covid gap is also 8 million dong/month
Mentioned Western Bus Station (stock code WCS) investors will not have the impression of stock trading, because basically the liquidity of WCS stock is very low, very few stocks matched each session. The reasons are many:
First, When it comes to Mien Tay Bus Station, in recent years, investors have remembered the nickname “little pepper” – a nickname for businesses with small charter capital, but there are “focal points” that make many businesses big business want to have.
Mien Tay Bus Station is a long-standing enterprise, put into operation in 1973. It is a small enterprise with a charter capital of only VND 25 billion, equivalent to 2.5 million shares traded on the stock market.
In terms of business activities, Mien Tay bus station is located at the western gateway of Ho Chi Minh City, serving passengers from Ho Chi Minh City to the provinces of the Mekong Delta with more than 150 transport enterprises participating in the operation. exploiting 200 routes in the provinces of Long An, Tien Giang, Vinh Long, An Giang, Hau Giang, Dong Thap, Bac Lieu, Ca Mau, Kien Giang, Soc Trang, Can Tho, Tra Vinh, and Ben Tre.
“Small but mighty”, business results of Mien Tay Bus Station is the dream of many other businesses. The company often makes tens of billions of dong profit every year and is ranked in the TOP enterprises with very high EPS.
In 2020, despite the great influence from the Covid-19 epidemic, especially for bus station businesses when they have to temporarily suspend operations to prevent and control the epidemic according to regulations, the company’s revenue will only decreased by 16.9% to 111 billion dong, while profit after tax decreased by 18.1% to more than 56 billion dong.
2021 is a year heavily affected by the Covid-19 epidemic, a series of distance orders, closure of bus stations… led to a decrease in net revenue by more than half to nearly VND 55 billion. Profit after tax was nearly 21% in the same period, down to less than 12 billion dong. EPS decreased from 18,174 VND in 2020 to 2,283 VND.
Statistics show that the total number of passengers leaving the port for the whole year reached 162,814, equaling 43.6% in 2020, the total number of passengers served reached more than 3.12 million people, equaling 40% of 2020.
Monday, Mien Tay bus station is also famous for bringing high income to workers. In 2020, the average income will reach more than 19.5 million VND/person/month. In 2021, the average income will reach nearly 16.2 million VND/person/month.
Notably, in 2021, the company has a long period of shutdown due to reducing ways, preventing the Covid-19 epidemic, but the life of employees is still guaranteed. According to the report, from June 2021 to now, employees who have been suspended from work due to the Covid-19 epidemic prevention and control situation will receive a salary of 8 million VND/month (from June 2021 to September 9). 2021, and from October 2021 adjusted to 6 million VND/month.
In addition, the company is also interested in supporting employees and relatives infected with covid-19, workers on duty during the “3 on-site” period…
Tuesday, Mien Tay bus station is an enterprise that regularly pays high dividend rates to shareholders. In 2020, the company pays a cash dividend at the rate of 20%. In the previous years, when it was not affected by Covid-19, in 2019 the company paid a dividend at the rate of 516% and in 2018 the total rate was 400%. This can be considered as the company that regularly pays the highest dividend rate stock market.
In 2021, the company is also expected to pay a dividend not lower than 20% to shareholders.
Fourth, WCS stock is one of the stocks with the highest market price on the stock exchange. WCS has maintained a 3-digit transaction price for many years. Currently, WCS is trading at VND 185,000/share, with a market capitalization of approximately VND 460 billion.
In 2022, Mien Tay Bus Station is expected to increase the average income of employees by about 8% to approximately 17.46 million VND/person/month.
The specific plan, initially after post-cocid-19 normalization, will double the total number of bus departures with about 315,000 vehicles. The number of passengers passing through the terminal is expected to increase by 122% to 6.93 million.
Regarding the business situation, it is estimated that the whole year’s revenue will increase by about 59% compared to 2021, to 100 billion dong and profit after tax is 3 times, to over 34 billion dong.
at Blogtuan.info – Source: Soha.vn – Read the original article here
