Confident CTD’s stock price will increase again by the end of this year!
Target NPAT 20 billion
Here, Coteccons set a net revenue target of VND 15,010 billion, up 65% compared to 2021. Meanwhile, the target for NPAT is quite modest, VND 20 billion. Coteccons said it was very cautious in its business targets. The company believes that these are the right options to ensure both goals at the same time is to promote growth and review and overcome the old consequences and backlogs in order to firmly consolidate internal resources, prepare the foundation for the later accelerations.
In addition, the construction giant emphasized that it will do not join the competition in the direction of inappropriate price reduction, race on price to achieve the project. On the contrary, we will make efforts to improve management – operation capacity to improve operational efficiency, achieve high efficiency in capital use, cost management… From there, have the best price for customers row.
However, the profit after tax of 20 billion dong – equivalent to only 0.1% of revenue still causes many questions for shareholders.
A shareholder asked a question: Does the 2022 plan become unreasonable with the ambition of Mr. Bolat (Chairman of the Board of Directors of Coteccons) when in 2021, he talked about a new development page of Coteccons?
Another shareholder also had a similar question: The expected profit in 2022 is 20 billion, lower than the profit in the most difficult period. CTD stock is comparable to FLC.
Responding to questions, Mr. Bolat said: “We look at the forecast plan for revenue and profit, but these two concepts are the result of an action plan, of the team, so we have to know what to do. The results will come later.
By the end of 2021, we have announced the completion of the stabilization phase. In 2022, we enter the second phase of the action program, with strategic directions.”
Besides, during his presentation as well as the process of answering questions from shareholders, Chairman of the Board of Directors Bolat Duisenov repeatedly emphasized the transparency that Coteccons pursues. According to him, when a business is transparent, there is nothing to hide, fear or be ashamed of.
“Looking at the market, a lot of companies are facing difficulties, their profit margins are severely reduced. Many companies because of the difficulty in raw material prices have to reduce the quality of works. We are not because of difficulties, jump to another industry, despite difficulties, always pursue his construction expertise.
Commitment to shareholders The company will have the best operational and corporate governance changes. In our team, the most important thing, not to say, is transparency. Not to make the numbers more beautiful than the reality, willing to publicize what we have with transparency. Hope shareholders will believe in the company,” Mr. Bolat expressed.
One of the reasons why Coteccons set a profit target of 20 billion dong comes from the careful provision of financial provisions for bad debts, as well as the increasing price of raw materials in the country and around the world. In addition, in difficult times, Coteccons focuses on protecting the rights and lives of employees and the quality of works.
Another representative of Coteccons affirmed that the 2022 budget provision has extremely realistically reflected the picture of the construction industry. These figures have been shown somewhere since 2021. Those difficulties and costs do not stop in 2022. Indeed, this is a realistic picture, although it will be opposed by shareholders.
At the same time, Coteccons said it is still working with customers and project investors who are in debt. When force majeure occurs, in the spirit of transparency, Coteccons will announce the name of the investor. In case of necessity, it will go to court to collect debts.
Expected provision is 95 billion dong. If no provision is made, NPAT is expected to be 115 billion dong.
“Confident our stock price will rise again by the end of the year”
That was one of Mr. Bolat’s remarkable shares when he received a series of questions regarding the stock price situation of Coteccons (code CTD). One shareholder confided that always believing in the Company should persist in holding CTD for a long time. However, in just one month, this person’s account “flyed” 75%.
CTD’s stock price movement
Mr. Bolat shared that in the past year, he had received hundreds of messages from shareholders. Many shareholders are not satisfied, expressed frankly and directly.
“I hold this position for about 1 and a half years, I often receive hundreds of messages from shareholders. Some are complaining, some are threatening and I almost feel my skin is thicker, my face is thicker than before.
Coteccons has approximately 1,800 employees. We have a responsibility to those 1,800 families. As President, I have to uphold the spirit of solidarity. Before coming to Coteccons, I was an investor. When approaching any company, before looking at the financial numbers, I look at their person. Coteccons is a company with a solid foundation despite articles and information.
We have a bright future. We need to look to the long-term future when making decisions. What we have done in 2021-2022 is to do our best, no one does 50% but even 100-200% of effort.”
At the same time, Mr. Bolat emphasized, the stock market is not for short-term speculators. Should look at the fundamental qualities of the company, when investing must have faith in the company’s capacity. The Chairman is confident that CTD’s stock price will increase again by the end of this year.
In the plan to 2025, Coteccons sets a revenue target of 3 billion USD, marking the Growth phase in the development journey.
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at Blogtuan.info – Source: cafebiz.vn – Read the original article here
