problems surrounded, a sequence of corporations went bankrupt with income plans

News

difficulties in production and business sports have pressured many groups to lessen their revenue and income goals in 2022 at the quit of the 12 months, chickening out the dividend fee plan.
ninety nine% reduction in income target
this is the situation that CMH Vietnam group Joint stock organisation (stock code: CMS) has to stand. CMS attracted interest whilst Mr. Nguyen Duc Huong – former Chairman of LienVietPostBank, unexpectedly joined the board of administrators on the end of 2021. to this point, after a year of Mr. Huong’s participation, CMS has now not been capable of. get out of hassle. problems have caused CMS to ought to seek advice from shareholders on adjusting the business plan in 2022.
consistent with the brand new plan that this organisation wants to adjust, the revenue target is reduced via nearly 60% compared to the permitted plan to nearly 182 billion dong; pre-tax earnings dropped greater than 99% in comparison to the goal authorised through shareholders to nearly 620 million dong. now not simplest that, CMS additionally consulted shareholders not to pay dividends, in preference to the dividend from 7% as formerly deliberate.
CMS became forced to alter its business plan in the context that inside the first nine months of this yr, the commercial enterprise lost greater than 2 billion dong after tax, the same duration also misplaced nearly nine billion dong. CMS is in business at a loss due to the fact production contracts signed earlier than 2022 have almost finished the development phase, getting ready to transport to the very last settlement and construction guarantee section. The EPC standard contractor contracts anticipated to perform creation inside the 2d quarter have been delayed due to the shortage of creation web site. The organisation became additionally compelled to restructure financial investments and liquidate a few belongings that have been not consistent with the production improvement orientation.
now not simplest CMS, remaining November, the splendid popular assembly of shareholders in 2022 of Viet Trung Quang Binh Joint stock corporation (stock code: VTQ) should additionally approve the adjustment of the marketing strategy in 2022. below the new plan, the enterprise’s total revenue in 2022 reduced by nearly 20% to nearly VND eighty four billion, profit earlier than tax dropped sharply with the aid of seventy four% to only VND 7 billion. within the first 9 months of this 12 months, despite the fact that VTQ’s net revenue nevertheless increased through forty nine% to forty five billion dong, pre-tax earnings dropped sharply by way of fifty seven% to two.five billion dong (36% of the 12 months plan).
a number of the enterprises on the ground that adjusted down their business targets in 2022, it is really worth noting that the Vietnam countrywide Petroleum institution (Petrolimex, inventory code: PLX). inside the context of sharp fluctuations in petroleum, this “huge guy” desires to ask shareholders to modify each sales and income: Consolidated revenue accelerated by means of 29% to VND 240,000 billion, but earnings before tax decreased via 90% in terms of revenue. 300 billion left.
Capital burden, interest charge
difficulties from the outbreak of the COVID-19 epidemic up to now have made many agencies unable to recover their manufacturing and enterprise, many businesses have no longer escaped losses and debts. within the newly released report of Bao Viet Securities company (BVSC) at the organization of corporations inside the consumer items and non-vital industries at the stock change, most effective the institution of excessive-cease products still outperformed inside the third region. 2022.
The closing agencies of groups are not very high-quality or maybe poor, the maximum outstanding of that’s the terrible net impact from the less favorable economic environment. BVSC analyst Tran Dang Manh pointed out: thus far, the net impact of the growing interest fee environment and the VND depreciation towards the USD has been negative for most non-vital consumer groups, that have inherent internet debt function and import hobby.
which will restrict the poor effect, BVSC specialists stated that those agencies are required to higher control stock and payments to lessen leverage and will possibly must increase the promoting rate of goods in the close to destiny. both distributors and shops are seeking to shift the incremental cost from the importer to the give up customer.
in keeping with the money market update record November 2022 of Rong Viet Securities organisation (VDSC), groups are facing difficulties in capital wishes to fulfill commercial enterprise operations and fee on the cease of the yr, at the side of the utility of strain. force from chickening out capital from corporate bond investment channel. according to VDSC’s update, agencies needed to borrow at popular interest costs from 11-12% inside the context of very restricted credit score supply from banks. consequently, the problems of corporations will keep to 2023.