How does the company with the highest share price on the Vietnamese stock exchange do business?
Less than a month, share double the price
During the past week, the market stock The domestic market is not very positive when the situation of net selling occurs on a large scale. There was a session, the VN-Index dropped to 27 points. At the end of the week, VN-Index dropped 23.44 points (1.58%) to 1,458.56 points; The HNX-Index fell 15.31 points (3.54%) to 416.71 points and the UPCoM-Index dropped 1.48 points (1.3%) to 112.36 points.
Contrary to the decline, one code share In the session on April 15, there was an impressive increase. Specifically, the code CMF of Cholimex Food Joint Stock Company in this session increased by 35,500 VND/shareequivalent to an increase of 14.52%, reaching the milestone of VND 280,000/share.
With this “huge” increase, CMF surpassed the price of VND 268,900 of HLB (Ha Long Beer and Beverage Joint Stock Company), becoming the stock with the highest market price on UPCoM and the stock market.
It is worth mentioning here that this stock has increased rapidly and strongly, more than 2 times higher in less than 1 month, although before that, CMF had very few transactions. Before the series of bullish days took place, from January 5 to March 28, this stock only had 1 transaction to drop to the floor, stopping at 123,100 VND/share after losing 39.97% (85,300 VND). /share).
CMF stock price movement. Source: Cafef.
How does CMF do business?
In April 1981, based on the potential strengths of the Chinese in the Cho Lon area, the People’s Committee of Ho Chi Minh City allowed the establishment of the Direct Import-Export Co. Short name is Cholimex.
In the early days of establishment, the company’s import and export business was comprehensive and multi-disciplinary. In which, the specialized departments purchase and process aquatic products, agro-pharmaceuticals… to serve the living needs of the people of the city as well as the whole country.
In June 1983, the People’s Committee of Ho Chi Minh City issued Decision 78/QDUB dividing Truc Dung Import-Export Co. district 5 border.
In 1988, in order to expand the scale of business activities, strengthen the production force as well as receive more facilities, the District 5 Export Processing Enterprise was transformed into an Export Food and Seafood Processing Enterprise. password.
On December 20, 2005 Ho Chi Minh City People’s Committee issued Decision No. 6437/QD-UB approving Cholimex Seafood Processing and Exporting Food Enterprise to convert its ownership form into a Joint Stock Company.
In July 2006, the company officially operated under the new name Cholimex Food Joint Stock Company with the main business lines: Manufacturing, processing, processing and trading food and seafood products. products for domestic and export markets. Typical products of this business must be mentioned such as: chili sauce, ketchup, fish sauce, soy sauce, spices, spring rolls, wonton, dumplings…
The company’s business area is mainly consumed in the domestic market through a nationwide distribution system and exported to the following countries: EU (accounting for 80% of export sales), Eastern Europe, Australia and other markets.
Some products of Cholimex.
According to CMF’s business report, in 2021, due to the impact of Covid-19, the company’s business activities will face difficulties. However, in this financial year, CMF has excellently exceeded the production and business plan for 2021.
The company’s total revenue reached 2,513,046 billion VND, reaching 100.5% of the plan, up 11.0% compared to 2020. Profit before tax reached 232.484 billion VND, reaching 101.1% of the plan, up growth of 4.1% compared to 2020.
Total assets at the beginning of the period was VND 1,011.34 billion, but at the end of the period, it increased to VND 1,161.85 billion (up 12.9%). The ratio of net sales to total assets in 2021 is 215.9%.
As of December 31, 2021, the company has no overdue debts. The short-term ratio in 2021 is 1.78 > 1, the Company’s short-term assets have ensured the ability to pay short-term debts.
In 2022, Cholimex forecasts that the international and domestic situation will have advantages, opportunities and difficulties, and challenges are intertwined, but difficulties and challenges are more. Along with that, the complicated situation of the epidemic, the price of raw materials, especially fuel, has increased very high, and unskilled labor is a big challenge for businesses. .
Therefore, CMF has set a business target in 2022 with a total revenue of 3,000 billion VND, equivalent to 119.4% of the plan of 2021. Profit before tax also increased to 250 billion VND (107.5 %) compared to 2021). Profit after tax will be 200 billion dong. The company also intends to pay dividends at 15% or more of par value.
Currently, CMF has 1,980 employees. The average income of employees in 2021 is 14,575 million VND/person/month.
at Blogtuan.info – Source: Soha.vn – Read the original article here
