THIEN LONG 7 YEARS CONTINUOUSLY IN TOP 50 THE MOST EFFICIENT BUSINESS COMPANIES IN VIETNAM
Nhip Cau Dau Tu has just published a list of the 50 most effective companies doing business in Vietnam in 2019. This is the 7th year that the organizers announce the rankings and also the 7th consecutive year that Thien Long (TLG) is on the list.
To find the Top 50, the Organizing Committee implemented based on measuring the business results of the companies in three consecutive years, based on three growth indicators including revenue, profit on equity ( ROE), and basic earnings per share. The measurement results are also based on an objective assessment of corporate governance capacity. The rankings are referenced from prestigious rankings in the world to find and honor effective companies doing business on Vietnam's stock market.
Business efficiency is one of the top factors that investors pay attention to selecting businesses to invest in.
In the context of fierce competition and continuous investment in expanding the scale and production capacity, Thien Long maintains a double-digit growth. According to company data, the company's compound annual growth rate over the past 5 years was more than 15%, higher than the industry average, thanks to the expansion of the domestic market and the size of export markets. In 2018 alone, despite the challenges of both domestic and export markets, TLG still recorded positive business results with revenue and profit of VND 2,856 billion and VND 294 billion respectively, up 14.3% and 9.8% compared to 2017.
Along with the growth rate, Thien Long maintains a high ratio of return on equity, over 25%, in the context of the company's scale of capital is constantly expanding.
On that growth momentum, 2019 is considered an important pivotal year for Thien Long to expand its business and prepare for a new growth period. At the recent annual general meeting of shareholders in 2019, Mr. Nguyen Dinh Tam, General Director of the company, said that in the 3-year plan for 2018-2020, Thien Long sets a target of the total revenue of VND 9,500 - 10,000 billion, total profit. after-tax 950 - 1,000 billion. "By the end of 2018, Thien Long has achieved about 30% of the plan, expected to complete 60% by the end of this year," Mr. Tam said.
In 2019, the company proposed a business plan with expected revenue of VND 3,200 billion, profit after tax of VND 325 billion, an increase of 12.1%, and 10.5% compared to the performance in 2018.
To achieve the business goals, TLG said the company will continue to consolidate its production capacity to meet customer needs. Currently, Thien Long has taken the initiative in 95% of the demand for new molds, 55% of the demand for ink for production, and is in the stage of investing in a pen production project to increase the autonomy of raw materials as well as billion localization rules of the product. The rate of automation in the company has reached over 75%, from 67% in 2015, helping the company solve labor problems in production expansion while maximizing production costs.
Also according to Thien Long, to maintain the growth in the coming time, the company will invest and focus on promoting high value-added products and high-quality products to improve profit margins, especially for the High-end product line. Also, the company will bring new product lines to fill the value chain in the stationery industry of the company, in the direction of becoming the leading Asian corporation in stationery production and trading.
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