Basing on the business performance in 2013, the Company made its business plan for 2014 as below: Year 2014 SN Item Year 2013 % Up/down (Planned) 1 Revenue 1,180,295 1,426,000 20.82% 2 Profit after taxes 14,057 50,000 255.69% Profit after taxes/ 3 1.19% 3.51% 194.40% Revenue 4 Dividends 10.00% 20.00% 60.00% (Source: TNG Investment and Trading JSC) Bases for realizing profit plan First, TNG has many customers and markets, as from 2012 to now, TNG has conducted consistent customer policies and is trusted. In 2014, under the positive impact of TPP, the orders tend to be switched to Vietnam and TNG remains the first choice of big customers. In reality, since the beginning of the year, the factories have confirmed orders till end of Auguest 2014, and the Company is selecting good orders to avoid over capacity, the rest will be contracted to other garment units. Second, the investments on fixed assets of TNG Song Cong, TNG Phu Binh will be at full capacity of machines and equipments invested in the previous phase and the workers in TNG will increase; there will be less labour fluctuations as TNG has prestige to workers and people in Thai Nguyen province. Third, the production capacity of 10 garment branches will be increased, at the same time TNG Dai Tu Garment Factory with 27 assembly lines will be put in operations in Quarter II 2014, increasing 132 assembly lines to 172 in 2014 (44 more lines). Forth, good management and risk control will reduce costs and increase revenue and profit. Evaluation of consultant on the profit and dividend plans of the Company As the consultant, we evaluate the business TNG Investment and Trading JSC in 2014-2016 as below: After researching the collecting information and analyzing the current financial situation of TNG Investment and Trading JSC, Tan Viet Securities JSC thinks that the profit and dividend plans of TNG for 2014-2016 is suitable and feasible unless there is unusual volatilities and force majeures affecting the Company’s business. We note that the above remarks are made under the view of a consultant basing on the collected information which is selective and basing on financial and securities theories and without implications that the price share will be ensured or that the forecasts are sure. These
Basing on the business performance in 2013, the Company made its business plan for 2014 as below: SN Item Year 2013 Year 2014 (Planned) % Up/down 1 Revenue 1,180,295 1,426,000 20.82% 2 Profit after taxes 14,057 50,000 255.69% 3 Profit after taxes/ Revenue 1.19% 3.51% 194.40% 4 Dividends 10.00% 20.00% 60.00% (Source: TNG Investment and Trading JSC) Bases for realizing profit plan First, TNG has many customers and markets, as from 2012 to now, TNG has conducted consistent customer policies and is trusted. In 2014, under the positive impact of TPP, the orders tend to be switched to Vietnam and TNG remains the first choice of big customers. In reality, since the beginning of the year, the factories have confirmed orders till end of Auguest 2014, and the Company is selecting good orders to avoid over capacity, the rest will be contracted to other garment units. Second, the investments on fixed assets of TNG Song Cong, TNG Phu Binh will be at full capacity of machines and equipments invested in the previous phase and the workers in TNG will increase; there will be less labour fluctuations as TNG has prestige to workers and people in Thai Nguyen province. Third, the production capacity of 10 garment branches will be increased, at the same time TNG Dai Tu Garment Factory with 27 assembly lines will be put in operations in Quarter II 2014, increasing 132 assembly lines to 172 in 2014 (44 more lines). Forth, good management and risk control will reduce costs and increase revenue and profit. Evaluation of consultant on the profit and dividend plans of the Company As the consultant, we evaluate the business TNG Investment and Trading JSC in 2014-2016 as below: After researching the collecting information and analyzing the current financial situation of TNG Investment and Trading JSC, Tan Viet Securities JSC thinks that the profit and dividend plans of TNG for 2014-2016 is suitable and feasible unless there is unusual volatilities and force majeures affecting the Company’s business. We note that the above remarks are made under the view of a consultant basing on the collected information which is selective and basing on financial and securities theories and without implications that the price share will be ensured or that the forecasts are sure. These
TNG%20prospectus%20-%20final%202014.docx