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“Elect” Duc revealed an exclusive way of raising pigs that no one has and confidently promised not to let the company fall for the second time

While Mr. Doan Nguyen Duc (“Bau” Duc) is “drawing” a bright prospect at the 2022 Annual General Meeting of Shareholders taking place on Friday, April 8, HAG shares of Hoang Anh Gia JSC Lai was still lying on the floor.

Mr. Doan Nguyen Duc, Chairman of the Board of Directors of Hoang Anh Gia Lai Group (HAG) may have removed the nickname “explosive” in the football world, but for stock investors, to remove this nickname still needs to be removed. have more time.

The trading session before the holiday, Friday, April 8, 2022, HAG stock fell to the floor during the whole session with tens of millions of sell orders, but “no buyers”. Closing this session, HAG fell to 12,400 dong/share, erasing the results of HAG’s slow climbing sessions from March 22 to now.

While HAG was lying on the floor, in the conference room of the REX hotel (HCMC), hundreds of shareholders of Hoang Anh Gia Lai were listening attentively to Chairman Doan Nguyen Duc drawing a bright vision of the company. with the core project of growing bananas and raising pigs with banana trunks.

While the stock was on the floor, the German
“Elect” Duc promised not to let the company fall a second time.

“If cows can’t re-herd, why don’t they lose their cows and don’t collapse. In business, everyone can fall from their horses, not only HAGL. But shareholders should remember, HAGL has already fallen, sometimes all banks turn their backs and The company can still stand up like now. So talking about HAGL falling down a second time is not possible. I will not let HAGL fall again”, Mr. Duc shared at the meeting when talking about HAGL’s “broken burden”. by the rubber tree and will not let this situation happen again.

Previously, HAGL massively planted rubber when the price was 5,200 USD/ton, all forecasts said that rubber price could not fall below 2,500 USD/ton, but in fact the price dropped to 1,100 USD/ton. At that time, any cows HAGL sold were all “debted” by the bank, so there was no money left to re-herd.

According to German gourd, HAGL has a quite diverse crop structure, in which the outstanding is durian. The company currently has 1,000 hectares of durians in Laos, and more than 100 hectares of durians in Gia Lai about to be fortune-telling.

“Durian from Vietnam is not yet allowed to be officially exported to China, but HAGL has the advantage of following the route from Laos to China, selling at double the price. But since there is no harvest, I do not mention it. The shareholders told me to gossip,” said Mr. Duc.

Mr. Duc revealed that HAGL will build 9 more clusters of barns for raising sows and pigs, including 2 clusters of barns in Laos and 2 clusters of barns in Cambodia, bringing the total number of barns to 16 clusters. with a capacity of more than 1 million pigs per year. With about 20,000 tons of bananas discarded every year, this material will be used to make pig feed.

“The giants are pouring capital into raising pigs now a lot, but raising pigs to eat bananas like HAG’s method is exclusive, no one has as much land and bananas as HAGL to do. Only Mr. Duong Thaco raises pigs. , there are also banana plantations, but they do other things but don’t do this”, Mr. Duc said.

While the stock was on the floor, the German
“Bau” Duc is proud of the herd of pigs that eat bananas, while many shareholders are concerned that pigs eating bananas can slow down the slaughter process.

It is expected that the Company will offer 161.9 million individual shares to professional investors to mobilize VND 1,700 billion. Mr. Duc promises shareholders:

“I also want to issue it to existing shareholders, but because HAGL is still suffering accumulated losses, it is not possible by law. Fortunately, the company is not prohibited from private placement. The current situation does not allow it, so, HAGL strives to eliminate accumulated losses by 2023, so it can issue to existing shareholders and pay dividends. I also hope for this because I am a major shareholder.”

Regarding business results in the first quarter of 2022, HAGL currently has 3 profit-making companies. In the last quarter of 2022, 3 companies have generated sales of 882 billion dong, profit of 248 billion dong, gross profit margin reached 37%. Meanwhile, HAGL football company continues to report losses and is expected to still lose money in the second quarter.

According to the business results report in 2021, HAGL’s interest expense amounted to more than 3,700 billion VND, accounting for almost the entire cost of the whole year.

At the end of 2021, HAGL borrowed VND 8,286 billion, of which nearly VND 7 trillion came from borrowing through bonds. Sacombank and BIDV are still HAGL’s largest creditors for bank loans. In which, a loan of VND 500 billion at Sacombank is mortgaged by 150 million HAG shares held by Mr. Doan Nguyen Duc.

Mr. Duc currently owns 320 million shares of HAG, accounting for 34.5% of the company’s capital. At the current price of HAG, the value of shares held by Mr. Duc is 3,967 billion dong, down 290 billion dong after the last floor drop.

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