When the Covid-19 pandemic continues to be problematic, resulting in escalating freight prices, putting pressure on costs, and notably chaotic in the third quarter when social alienation occurred on a big scale, seafood businesses face many challenges in 2021. Above all, seafood continues to elicit high expectations from investors in the form of positive financial returns.
Seafood Industry - A Spectacular Growth Year
Stocks of International Development & Investment Corporation (IDI) - (a member of Sao Mai Group) have skyrocketed since the end of October until now. Specifically, between October 29 and November 11, there were eight strong gaining sessions, with five of them hitting the ceiling price. Mr. Le Van Chung, the company's General Director, stated that revenue was 1,110 billion VND in the third quarter, with profit after tax of 9.9 billion VND; for the nine months, IDI had revenue of 4,311 billion VND and profit after tax of 57.9 billion VND.
Busy IDI for year-end orders
Also, according to Mr. Chung, IDI has also cut expenses by being 100 percent self-sufficient in raw materials, animal feed, breeding stock, and electricity. Businesses have placed rooftop solar electricity on the factory's roof since (2017), which has helped save at least 20% of this expense per year. Using renewable energy in production is a significant plus for IDI, and it helps the company score points with European customers. Because the company values and appreciates the company's foresight in using green energy revolution solutions in the processing process.
Following to Mr. Truong Vinh Thanh, Deputy General Director of Sao Mai Group, now that the workforce has returned to work, IDI must contribute to enhancing productivity in order to speed up the production of seafood export orders. During the pandemic, the Company continued to buy raw materials to meet its commitments to farmers. IDI is not only unaffected by the autonomy of input and fingerlings, but it also boosts revenue from the sale of these things.
And the workers are happy again on the production lines
Seafood is expected to bring in billions of dollars in revenue for Vietnam in 2021, when seafood exports are expected to exceed $8.4 billion. In particular, pangasius exports totaled 1.5 billion dollars. After being suppressed by Covid, many businesses' fourth-quarter results are projected to sublimate.
Stocks of seafood enterprises have surge
The closed chain from seed, food, and raw materials has led IDI to continuously set new peaks
The strength of seafood stockpiles has recovered as a result of a stunning increase in output and positive export news. When it is reported that IDI has been proactive in sourcing raw materials for production through a model of association with farmers that has been in place for many years, exports have thrived, and business results have quickly regained the upper hand, raising expectations for a new peak in the near future, the company leads this group.
According to investor analysis, IDI has gained by 165 percent in terms of stock price since September 1, 2021, when the closing price of the trading session on the afternoon of November 19 was 18,550 VND/share. IDI establishes a solid growth plan at the conclusion of the year to serve as a springboard for the start of the new year 2022, and it is prepared to face challenges.
Meanwhile, ASM (Sao Mai Group's stock ticker) made an equally astounding breakthrough of 23,000 VND/share, up 34% from the market price on September 1 and 68 percent from July 1. ASM and IDI are both on the rise.
DAT - Trisedco's byproducts are heating up the trade floor
Not only is the export of fish and meat doing well, but so is the deep processing sector of products like fish meal, fish fat, fish oil, fish skin, fish bones, fish flesh, fish breast, and fish offal, which are drawing hitherto unseen consumers. These unique products are in high demand both domestically and internationally. Because in an era of the rampant pandemic, this is a very significant input material for the nutrition, medical, and cosmetic industries to serve human health. As a result, investors flocked to DAT of Travel Investment & Seafood Development Corporation (a subsidiary of the Sao Mai Group), sending the stock to a high of 30,000 VND/share, up 20% from the previous month.
After several weeks of gains, liquidity continued to break records due to significant cash flow for seafood stocks. The stock market is projected to open up fresh resources for firms, as well as attractive investment channels and assets for investors, in the next week ./.
