Investment Opportunities with SMC Stock

On July 20, SMC Investment - Trading Joint Stock Company hosted a workshop on “Steel industry prospects and investment opportunities at SMC stock” at Legend Hotel, aiming to provide more fundamentals about SMC and steel industry outlooks.

 

With an annual growth of over 16 %, SMC targets to sell 1 million tonnes of steel by 2015 and holds 7 % of domestic market share, becoming a reliable steel distributor for domestic and international powerful steelmakers and having sufficient capacity to cooperate and compete with foreign companies.

 

In 2010, SMC will carry out a steel mechanical plant on an area of 5.4 hectares in Phu My Industrial Park, Ba Ria - Vung Tau province and a steel sheet plant on an area of 1 hectare in Hiep Phuoc Industrial Park in Nha Be district, Ho Chi Minh City

 

Mr Nguyen Ngoc Anh, General Director of SMC, said: Once the two projects complete, SMC’s steel output will increase by 20 % and profit will increase 25 %. At the same time, SMC market position and brand also increase with the presence of the two projects.

 

At the Annual General Meeting 2010, the company said its net revenues reached VND5,263 billion, a profit of VND72 billion, earnings per share of VND5,700 and steel sales of 497,000 tonnes. In 2010, the company expects at sales of 500,000 tonnes, revenues of VND5,500 billion and net profif of VND80 billion.