Binh Thanh Import-Export Production Trading Joint Stock Company - Gilimex (GIL) has just released its financial statements for the second quarter of 2022 with continued high profit after tax and impressive financial health as well as a plan to attack. into new fields.
Accordingly, Gilimex recorded 6 months' accumulated revenue and pre-tax profit of nearly 2,700 billion dong and 282 billion dong, up 27% and 18% over the same period. Thus, after half a year, the enterprise specializing in sewing backpacks and bags completed 89% of the year's profit plan.
A remarkable point is that, by the end of the second quarter of 2022, Gilimex's cash and cash equivalents increased sharply, from 762 billion dong in the same period last year to over 1,176 billion dong. The term deposit increased 3 times, to over 1,300 billion dong.
Enterprises have undistributed after-tax profits of over VND 1,100 billion.
Gilimex specializes in producing household goods such as bags, backpacks and mostly sold through the US Amazon channel. GIL grew strongly from the second quarter of last year as soon as the pandemic broke out, instead of stalling like in the second quarter of 2020.
The rebound of many major economies, including the US and Europe after the pandemic, has helped Gilimex to grow impressively since the second half of 2020.
A lot of money has helped Gilimex recently to expand its investment into industrial park real estate with the Phu Bai 4 Industrial Park project with a total investment of VND 3,400 billion, on an area of 500 hectares, Gilimex Quang Ngai Industrial Park and Gilimex Vinh Long Industrial Park.
Many enterprises have good business with partners in the US market. Seafood export companies simultaneously reported record profits in the second quarter of 2022, when enjoying good prices and favorable export markets in the first few months of the year, including exports to the US. Vinh Hoan Seafood (VHC) reported 3 times higher profit than the same period last year, to nearly 790 billion dong. Minh Phu Seafood (MPC) is also a strong exporter to the US and recorded an increase in profit after tax of the parent company 2.5 times over the same period.
VinFast of billionaire Pham Nhat Vuong in July 2022 also officially opened 6 sales centers in California (USA). In 2022, VinFast will continue to open more than 30 stores in the state of California, and study to expand the network to other states in the US.
Warburg Pincus Investment Fund of the US has just completed a 250 million USD investment in No Va - Novaland Real Estate Investment Group Joint Stock Company (NVL), a member of NovaGroup. This is the largest private investment fund with more than 1.5 billion USD disbursed.
FPT Corporation also recorded overseas IT service revenue of VND 8,622 billion, up 29%, pre-tax profit of VND 1,362 billion, up 28.4% over the same period in 2021. Notably, revenue growth in all markets, especially in the US (up 48.4%).
Increased risk
According to MBS, VN-Index is entering the technical resistance zone of 1,250 points - 1,262 points, so corrections during the session will often take place, even the market may correct by session when trading in stocks. The stock market returned to equilibrium and the derivatives market also provided for the risk of "paying points" in blue-chips.
According to BSC, if the market closes below 1,250 on August 5, it is likely that in the short term, the index will accumulate around 1.235-1,255 to gain momentum, otherwise the index will continue on its main path. restore gap 1.260-1.280.
AseanSC said that the uptrend showed signs of slowing down. Besides, some technical indicators are showing overbought signals, so the risk of correction will continue to increase. It is forecasted that in the next trading session, selling pressure at the resistance area near 1,255-1,260 points may cause VN-Index to turn down to test the support area near 1,245-1,250 points, further than the support area of 1,235- 1,240 points.
Closing the session on August 4, the VN-Index increased by 4.39 points to 1,254.15 points. HNX-Index dropped 0.38 points to 297.73 points. Upcom-Index increased 0.55 points to 90.86 points. Liquidity reached 19.4 trillion dong, of which 17 trillion dong was on HOSE.
M. Ha
