An Phat Holdings pioneers in the development of the localization and high technology in Hai Duong Province

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04
Feb

On February 4th, at Hai Duong city, the Initiation Conference – Consulting Assistance Program For Supporting Industry Enterprises is organized by Hai Duong People’s Committee, Ministry of Industry and Trade and Samsung Vietnam. The conference includes the signing ceremony of Memorandum of Understanding among Hai Duong People’s Committee, Ministry of Industry and Trade and Samsung Vietnam Company on the consultancy program for Hai Duong enterprises in the supporting industry. Member of Politburo, Deputy Prime Minister, Vuong Dinh Hue witnesses and directs the Conference.

The conference is a vitally important event, contributing to the realization of Government’s Resolution no. 50 in the development of the supporting sector, especially the improvement of the localization and high technology. This is the first time a consultancy program on supporting industry development has been separately organized for one province only, with the participation of three parties, Government – Locality – Enterprise, and Hai Duong is the first selected province. The event will be a strong boost for the growth of Hai Duong’s supporting sector, in the meantime, enterprises within the province will have more business opportunities as well as strengthening their ability to join the global supply chain.

Among the country’s industrial zones, Hai Duong has a developed supporting sector, with great potential, containing favorable factors of infrastructure and resources. In recent years, the growth target in the direction of high technology and increase in the localization rate is one of the provincial government’s leading factors in the development of supporting industry, in cooperation with Samsung Vietnam. In particular, the province has a large number of Vietnamese enterprises that have participated in the supply chains of global corporations, etc. These advantages have contributed to Hai Duong being selected as the first province nationally to deploy the Consultancy Program for the supporting industry.

Among many enterprises in the province, An Phat Holdings (APH) is honored to be trusted by Government, People’s Committee of Hai Duong Province and Samsung Vietnam to be the key member contributing to the development of the supporting industry.

With more than 20 years of experience, APH is now the province’s leading enterprise in developing high technology, increasing the localization rate, especially enhancing the long-term cooperation with large multinational corporations such as Samsung, Honda, Toyota, Yamaha, Panasonic, etc. Particularly, APH has officially become a second-tier vendor of Samsung – the largest mobile phone manufacturing group worldwide from March 2019, in the meantime, APH is implementing investment activities, making systematical improvements in order to become the first-tier vendor of Samsung in the near future. Besides Samsung, APH has been trusted by many other FDI enterprises to produce products with high technological value and gray matter, contributing to the creation of globally famous cars, motorcycles or phones, machines, etc.

The long-term goals of APH are to increase the localization rate of products, develop high technology products, expand investment, and enhance its position in the global supply chain. In addition, APH continuously strengthens its production system, raises labor productivity, standardizes the quality management system according to the most stringent standards worldwide such as ISO 9000, 90001, 14001 and APH is aiming at to IATF16949 standard in the coming time.

From the outstanding experience and achievements, Mr. Dinh Xuan Cuong – Vice Chairman, CEO of APH was honored to be on behalf of hundreds of provincial businesses to deliver the speech and share at the Conference. APH Vice Chairman, CEO said that he would focus on accelerating the localization process, technology transfer and production ownership:

“In the context of localization, we have been and will continue to strive to increase the quantity of Vietnamese gray matter in producing components of phones, automobiles, motorcycles, printers and washing machines, etc, which requires a thorough and comprehensive investment in the capital, technology and manpower.

Regarding technology, we are proud to be the leading enterprise in modernizing the production in the province. We have continuously applied the modernized and cutting-edge facility system to increase the productivity and product quality. In fact, our production lines of molds, mobile phone components, printers, etc, in Hai Duong province always meet the international standards.”

Currently, APH is considered as a dominant high-tech enterprise in Hai Duong province with the most advanced factory system and equipment. In the field of supporting industry, APH has two enterprises in Hai Duong province, which are An Trung Industries & Vietnam Pattern Manufacture and Precision Mechanical Company Limited (VMC), focusing on the production of electrical and electronic components and molds. APH is currently a second-tier vendor of Samsung and also directly participates in Samsung and Ministry of Industry and Trade’s innovative consultancy program.

Besides two companies in Hai Duong, APH has another member company, Hanoi Plastics Joint Stock Company, based in Long Bien, Hanoi, specializing in supplying components and spare parts for the automobile-motorbike industry, with global potential customers like Honda, Toyota, Piaggio, LG Electronics, etc.

Deputy Prime Minister, Mr. Vuong Dinh Hue delivers a speech at the conference
Deputy Prime Minister, Mr. Vuong Dinh Hue delivers a speech at the conference
Mr. Tran Tuan Anh, Minister of Ministry of Industry and Trade
Mr. Tran Tuan Anh, Minister of Ministry of Industry and Trade
Vice Chairman, CEO of APH, Mr. Dinh Xuan Cuong makes a speech
Vice Chairman, CEO of APH, Mr. Dinh Xuan Cuong makes a speech
Mr. Choi Joo Ho, President of Samsung Vietnam
Mr. Choi Joo Ho, President of Samsung Vietnam
Mr. Tran Tuan Anh, Minister of Ministry of Industry and Trade, Mr. Choi Joo Ho, President of Samsung Vietnam, and Mr. Nguyen Manh Hien sign a Memorandum of Understanding
Mr. Tran Tuan Anh, Minister of Ministry of Industry and Trade, Mr. Choi Joo Ho, President of Samsung Vietnam, and Mr. Nguyen Manh Hien sign a Memorandum of Understanding

Deputy Prime Minister, Mr. Vuong Dinh Hue pays a visit to APH’s product stall
Deputy Prime Minister, Mr. Vuong Dinh Hue pays a visit to APH’s product stall

An Phat Bioplastics Joint Stock Company announces 2020 Tet Holiday schedule

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21
Jan

An Phat Xanh Bioplastics Joint Stock Company would like to send our Customers – Partners the 2020 Lunar New Year holiday schedule as follows:

Holiday time: From January 22nd, 2020 (28th December, lunar calendar) to the end of January 29th, 2020 (05th January, lunar calendar).

Resuming time: January 30th (05th January, lunar calendar).

Sincerely thank our customers and partners for your always trusting us.

Wish you all a happy and prosperous new year!

An Phat Holdings: 2019 Year-end meeting & 2020 strategy

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11
Jan

On 10 Jan 2019, An Phat Holdings just held the Year-end meeting to summarize 2019 performances and set up the production & business strategy in 2020 at An Phat Bioplastics plant (Hai Duong)

This is one of the annual activities of An Phat Holdings to evaluate the operation results, production and business performance in 2019 and set out the goals for 2020. The event is also an opportunity to honor and reward excellent subsidiaries and employees in the past year.

In 2019, An Phat Holdings reached many achievements and successes in supporting industry, environment-friendly products and positive turnover.

Especially, An Phat Holdings has gained great milestones in investing and trading compostable products by taking business successfully in Vietnam and global market, getting many patents, etc.

About the 2020 strategy, in terms of production, all subsidiaries must take full control of technology, run at full capacity and optimize production costs.

In terms of business goals, An Phat Holdings will also restructure our market structure and product mix, enhance brand recognition and expand markets. In addition, financial stability, cost efficiency, management system optimization are also the key targets of next year. The Group will strive for 13% revenue growth and 38% profit growth in 2020.

AAA General Director: An Phat Holdings’ purchase of all warrants are reasonable

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23
Dec

In Vietnam, the plastic industry is forecasted to grow at 6.5% in the period of 2019-2024 with 4 areas: packaging, household appliances, construction and engineering.

Considering the growth potential of An Phat Bioplastics JSC , many securities companies believed that the current market price has not fully reflected its value, especially as comparing with industry peers.

Among a few plastic industry players listed on HOSE , An Phat BioPlastic JSC (HoSE: AAA) is considered as an “asset” of interest to investors. The profit of the company grew at CAGR of 21% for the past 5 years and is expected to increase by an average of 10-15% in the next 5 years. Thus research analysts believed that the current market price has not fully reflected its growth potential, especially as comparing with industry peers.

Recently, Mr. Nguyen Le Trung, CEO of An Phat Bioplastics JSC shared about the business results in 2019 and its activities in recent years.

– At this time, many investors are concerned about the business results of 2019 and the 2020 plan of An Phat Bioplastics JSC. What do you think regarding the performance of the company last year?

– Mr. Nguyen Le Trung: In the third quarter, the business results of An Phat Bioplastics JSC grew strongly compared to the same period last year. Specifically, net revenue reached VND 2,364 billion, up 8%, profit before tax reached VND 86 billion, up 49% on a yearly basis.

For 9 months, An Phat Bioplastics JSC reached VND 7,406 billion of revenue and VND 520 billion of profit before tax, equivalent to an increase of 28% and 174% over the same period last year. Due to the contribution of the industrial real estate segment and the manufacturing segment, the company had a pretax profit that doubled compared with the same period a year earlier. Of which, profit from core activities contributed 50 % of profit before tax, representing an increase of 35% over the same period in 2018.

Thus by the end third quater, we have achieved 85% of the annual profit plan and are likely to complete the business plan for 2019. This positive result was fueled by the change of market structure and product mix.

Currently we are working on 2020 plan, expecting core profits to grow at least 20% compared to 2018’s. In early January 2020 we will announce our business plan.

Mr Nguyen Le Trung, General Director of An Phat Bioplastics

– What do you think about the price of AAA shares in the past year? AAA share price has not gone up even though the company’s business results are very positive.

– Mr. Nguyen Le Trung: 2019 is a successful year for the Board of Management of An Phat Bioplastics JSC as the profitability maintains strong growth, in which core business activities grew by over 40%. However, as a member of the Board of Directors, I find it unsuccessful when the market value of the company does not reflect the growth potential.

– Is that the reason for An Phat Holdings’ purchase of all the warrants of An Phat Bioplastics?

– Mr. Nguyen Le Trung: With the current profit as well as expected next year profit of An Phat Bioplastics JSC , P/E is less than 5x at the conversion price as well as the market price. Thus we see the purchase of all warrants issued by AAA in order to increase benefit to An Phat Holdings are obviously reasonable at this time. Considering a dividend of 15% of par value (or a dividend yield of over 10% pa) and return on investment of 20% (E/P = 20%), it is a profitable investment and creates value for An Phat Holdings.

Considering stable operation of factories, an increase of over 10% year on year in 2019 sales volumes, and the company’s plan to promote contribution from promising markets including the US and Japan, An Phat Bioplastics JSC will maintain optimal production level as well as reduce its dependence on EU market, facilitating sustainable growth in coming time.

Remarkably, thanks to the Group’s initiative in producing raw materials which aims towards developing a circulating economy model, member companies including An Phat Bioplastics JSC will gain great support and create further synergy fueling future growth.

– The Board of Directors has recently decided to stop the ESOP 2019. Could you tell us the reason?

– Mr. Nguyen Le Trung: We cancelled the ESOP in 2019. In the future, we will propose another more suitable program, such as stock option at a price higher than the book value of the company. Employees only exercise the right to buy when the stock price goes up and that will benefit the company’s shareholders. We think that the policy will be more in line with with shareholders’ interests than ESOP with purchase price at par value.

– What do you think about the prospect of An Phat Bioplastics JSC in the next 3-5 years?

– Mr. Nguyen Le Trung: Catching up the green consumption trend, An Phat Bioplastics JSC has invested to develop compostable products. Currently, our compostable bags account for approximately 10% of the product structure and are expected to increase sharply in the near future when An Phat Holdings’ PBAT production comes into operation. In Vietnam market, many big names like Highlands Coffee, The Coffee House, Vinpearl … have used our biodegradable bags and straws under AnEco brand. In the foreign markets, our top 20 major customers all indicated an increase in total biodegradable products in the near future.

The PBAT production will reduce AAA’s manufacturing costs by 30% compared to the current costs. In addition, An Phat Bioplastics JSC will be more independent in sourcing raw materials, improving inventory turnover and gross profit margin.

In the coming time, we will focus on increasing the proportion of compostable products in the output structure, improving the profit margin and prepare the market. An Phat Holdings’ investment in bioplastics manufacturer based in South Korea will help us secure raw materials at competitive price in the next 2 years before the Group will put the 20,000 ton PBAT factory into operation.

According to our projection, once the compostable packaging factory of An Phat Bioplastics JSC reaches 50% of utilization rate, the net profit can double.

General Director of An Phat Complex received the Typical Entrepreneur Award

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21
Dec
On December 20th afternoon, at Hai Phong City Convention Center, the Forum “Enterprises with the development orientation toward the Northern key economic region” took place. The forum was co-organized by the Business Forum Newspaper and Hai Phong Department of Planning and Investment, Trade Promotion Centers of some provinces and cities of the Northern key economic region, orienting enterprises in Northern investment activities, contributing to the regional economic development.
There were leaders of provinces and cities in the Northern key economic region, representatives of Vietnam Chamber of Commerce and Industry – VCCI and typical businesses in provinces and cities attending the forum.
An Phat High-tech Industrial Park Limited Company, a member of An Phat Holdings, is a typical representative of Hai Duong province participating in this year’s forum.
Especially, in the framework of the event, Mr. Pham Van Tuan, General Director of An Phat High-tech Industrial Park Limited Company was also honored to receive the Typical Entrepreneur Award in 2019 for great contributions to the development of the Northern key economic region.

Photo: An Phat Complex

An Phat Complex, formerly known as Viet Hoa Industrial Park – Kenmark, was abandoned over 10 years. This industrial park was acquired by An Phat Holdings, and with the appropriate investment and management, An Phat Complex has truly reinvigorated with speedy changes in appearance and production facilities.
An Phat Holdings will plan An Phat Complex into a high-tech industrial complex, creating favorable investment conditions for businesses with a one-stop mechanism. An Phat Complex manpower is experienced in developing and supporting legal procedures during the project implementation process and providing other supportive services such as administrative procedures, security system, worker dormitories, industrial catering, logistics ….
Besides, the closed industrial ecosystem at An Phat Complex enables investors to save related costs and open up many other cooperation opportunities.
Currently, An Phat Complex is not only a production site of member companies but also attracts domestic and foreign investors. This is one of the bright spots in the economic development in Hai Duong province in 2019.
Some photos at the event:

An Phat Holdings and Kuehne + Nagel signed a Memorandum of Understanding on the strategic cooperation in the field of logistics services

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17
Dec

On December 17, 2019, An Phat Holdings Group and Kuehne + Nagel Co., Ltd. signed a Memorandum of Understanding (MOU) on the strategic cooperation in the field of logistics services.

Accordingly, An Phat Holdings decided to choose Kuehne + Nagel as a strategic partner to provide all logistics services to its subsidiaries, through An Tin An Tin Inter- Transport Joint Stock Company (a subsidiary of An Phat Holdings).

Specifically, subsidiaries of An Phat Holdings, including: An Phat Bioplastics Joint Stock Company (AAA), An Tien Industries Joint Stock Company (HII), An Vinh Plastic Packaging Joint Stock Company (AVP ), An Cuong Building Materials Joint Stock Company (ACP), An Thanh Bicsol Singapore Ltd. (ATS) will use Kuehne + Nagel’s logistics services, via An Tin An Tin Inter- Transport Joint Stock Company from January 01, 2020.

This is an important step in promoting the circular economy development of An Phat Holdings.
Some photos of the event:

An Tien football Cup was a great success

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06
Dec

Through 2 rounds of intense and strong competition taking place from November 24 to December 01, the seven teams competing in An Tien Cup 2019 had impressive matches, making a great impression on thousands of fans.
07 teams included: Nhân Văn, Dao Cắt, Kỹ Thuật, Quả Cảm, Đập Đá, SaCom, Đầu Hình.
This year’s An Tien Cup belongs to Nhân Văn team (a combination of HCNS – ANAT – CNSX – KHSX).
Congratulations to the champion team and many thanks to 07 teams for giving An Tien Cup fans a season with vivid and memorable moments.

 

AAA won the Outstanding Progress Report – The voting of listed enterprises in 2019

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An Phat Xanh Bioplastics (stock code: AAA) has just won the Outstanding Progress Report Award in the category of Sustainable Development Report in the voting of listed enterprises in 2019.

On November 27, An Phat Bioplastics (HOSE: AAA) – belonging to An Phat Holdings – has just been awarded the Outstanding Progress Report Award, in the category of Sustainable Development Report. The award was organized by Ho Chi Minh Stock Exchange (HOSE), Hanoi Stock Exchange (HNX) and the Securities Investment Newspaper.

Ms. Nguyen Thi Tien, Deputy General Director of Internal Affairs of An Phat Holdings, representative of AAA, received the award

This award was voted by the panel of experts from the International Finance Corporation (IFC) and the Association of Certified Public Accountants of England (ACCA).

Sharing about the award, AAA representative said that in the context of the globally changing investment activities, investors are increasingly interested in the sustainable business development, requiring businesses to publish information more clearly, transparently and fully.

Therefore, to attract new resources for growth, listed enterprises not only need to do well in financial statements, but also have to show their activities more fully through non-financial information in the Sustainable Development Report or Corporate Governance Report …

Notably, this is the first year AAA has made an independent sustainability report and it is also the first year AAA has been awarded The Outstanding Progress Report Award in the category of Sustainable Development Report in the voting of listed enterprises in 2019.

“This award is a token of recognition of our effort to ensure transparent and complete disclosure of information according to the international standards. Winning The Outstanding Progress Report Award in the first year as an independent sustainability report also demonstrates the effort of AAA leaders and An Phat Holdings in realizing the development orientation of a green and sustainable enterprise,”said Mr. Nguyen Le Trung, General Director of AAA.

AAA’s products tend to diversify as we expand research, development and production of fully biodegradable, environmentally friendly, biodegradable products meeting the international standards. In addition, agricultural films, fishing nets which are made from bio compostable materials have also been successfully researched and produced, bringing green solutions for the agriculture and fishery industry. An Phat Holdings has now established business relationships with more than 50 countries worldwide.

An Tien Industries co-organized a conference on policy dialogue on social insurance and health insurance at the southern industrial zone in Yen Bai province

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27
Nov

On November 27, An Tien Industries Joint Stock Company cooperated with Yen Bai Social Insurance and Yen Bai Industrial Zone Management Board to successfully organize a conference on policy dialogue on social insurance and health insurance at the southern industrial zone in Yen Bai province.

With An Tien Industries, employees are always the center of business development. Therefore, taking care of the lives of employees and especially well implementing the provisions of the law on social insurance, health insurance and unemployment insurance policies has always been the essential goal that An Tien Industries paying special attention to.

Implementing policies for employees, An Tien Industries has always complied with the law, especially policies for social insurance. Employees who start working at the company are obligated to sign labor contracts and register for social insurance, social insurance and unemployment insurance in accordance with the deduction rates prescribed by law.

On the other hand, for many employees without wanting to pay social insurance, the company representatives will explain clearly benefits and duties of participating in social insurance contribution.
An Tien Industries also regularly cooperates with the management agency in charge of social insurance to solve related problems timely, ensuring the rights and benefits of employees.

Signing a long-term contract with a new partner, An Phat Complex has reached over 65% of the area for rent

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10
Nov
On November 20, 2019, the signing ceremony of a workshop lease agreement between An Phat High-Tech Industrial Park Co., Ltd. (An Phat Complex) and Shenzhen MTC Co., Ltd. (MTC Shenzen) took place at the An Phat Complex’s headquarters. An Phat Bioplastics Joint Stock (Lot CN11 + CN12, An Dong Industrial Cluster, Nam Sach town, Nam Sach district, Hai Duong province).
The participants included representatives of local authorities Mr. Pham Minh Phuong – Head of Hai Duong Industrial Zones Management Board, Mr. Bach Dang Vinh – Head of Hai Duong Customs Department.
On behalf of An Phat Holdings (the parent company of An Phat Complex), Mr. Nguyen Le Trung – Vice Chairman oand Mr. Pham Hoang Viet – Vice Chairman and Board of Directors of subsidiaries attended the event.
On behalf of MTC Shenzen, Mr. He Shengbin – Sales General Director; Mr. Lan Yanyuan – General Director of MTC Vietnam, along with many other representatives participated in the ceremony.

In addition, Ms. Dang Thi Hai – Director of Vietnam Joint Stock Commercial Bank for Industry and Trade joined the event.
Accordingly, MTC Shenzen will rent An Phat Complex’s workshop for 6 years and an another additional one year contract extension. The two parties will accelerate the workshop renovation, expectedly handling over the project in December 2019.

An Phat Complex’s new partner is Shenzhen MTC Co., Ltd. (MTC Shenzen), which is an enterprise specializing in designing, developing, manufacturing and selling electrical – electronic products such as LCD TVs, set-top boxes, LED products, networking devices, internet entertainment gadgets and other related products.
With the cooperation with MTC Shenzen, An Phat Complex has increased its ndustrial leasing rate by more than 65%.
The signing ceremony marked the successful cooperation between the two parties after more than one month of negotiation. Previously, there were some working sessions between An Phat Complex and MTC Shenzen in China and Vietnam. The Investment Promotion Department of An Phat Complex has proactively provided to MTC Shenzen with necessary information to meet their requirements of construction, logistics etc, or finding rental houses for professionals.

Before MTC Shenzen, An Phat Complex was chosen by customers from the United States and Hong Kong. An Phat Complex is expected to reach 100% occupancy by 2020.
An Phat Complex is also planning to invest another industrial park in Hai Duong, named Quoc Tuan An Binh. This is an industrial park in Nam Sach district, Hai Duong province, located adjacent to the west of Highway 37 at Km69, belonging to the administrative boundaries of 3 communes Quoc Tuan, An Binh and An Lam of Nam Sach district.
The first phase of Quoc Tuan An Binh Project is expected to exploit 180 hectares and be completed by the end of 2020.