Century Actual Property Joint Inventory Firm (Cenland) has simply introduced the issuance of shares to pay dividends in 2020 and supply shares to the general public.
Through which, Cenland will promote 91.2 million shares on the worth of 10,000 VND/share to present shareholders on the ratio of 100:95. Shareholders proudly owning 100 shares of Cenland will probably be entitled to purchase 95 new shares.
The providing worth is lower than 1/5 of CRE’s share worth on the present inventory alternate, which is 56,200 VND/share after closing the session on September 6.
Among the many particular person shareholders of Cenland right this moment, Shark Pham Thanh Hung is likely one of the largest holders, with 2.77 million shares. Thus, Shark Hung has the fitting to purchase about 2.63 million new shares, and if he workouts all this proper to purchase, the quantity Shark Hung must spend is about 26.Three billion VND.
Cenland inventory worth motion from the start of 2020 till now
For the reason that starting of 2021, Cenland’s share worth has almost doubled. The corporate’s shares rose amid robust enterprise outcomes. Within the first 6 months of 2021, Cenland achieved internet income of VND3,685 billion, 5 instances larger than the identical interval final yr. Revenue earlier than and after tax have been VND 316 billion and VND 251 billion, up 80%.
The explanation for the robust enhance in Cenland’s income was that the actual property funding phase earned VND 2,942 billion, 16 instances larger than the identical interval final yr, solely VND 183 billion. Apart from, the actual property brokerage phase earned VND 855 billion, up 78%.
Thus, within the first 6 months of 2021, income from actual property funding has outstripped the brokerage phase, almost 3.5 instances larger. From 2019 and earlier, Cenland’s brokerage income accounted for the biggest proportion within the income construction. By 2020, brokerage income and actual property funding will probably be balanced.
In 2021, Cenland initially submitted to shareholders a income plan of about VND 4,000 billion and a revenue of VND 355 billion. Nonetheless, proper on the shareholders’ assembly, Cenland’s administration determined to regulate the income plan to five,000 billion dong and revenue to 408 billion dong. If the plan is accomplished, Cenland’s income will enhance by 137% and revenue by 36%.
In keeping with Cenland, the corporate needs 2021 to be the start of the acceleration section, increasing Cenland’s market share to construct the biggest actual property distribution platform in Vietnam and the purpose of sustaining income progress. over 80%/yr from now to 2023.
The corporate’s administration stated that for the time being, the revenue margin just isn’t excessive as a result of the corporate is investing quite a bit in expertise and human sources. Mr. Nguyen Trung Vu, Chairman of Cenland, stated that his firm had a earlier orientation to not grow to be a pure brokerage firm, however to grow to be an actual property service firm. In different phrases, the corporate’s purpose is to not be no 1 in brokerage, however to be no 1 in service.
