What “sizzling” is Sunshine Properties that simply went on the ground to deliver President Do Anh Tuan into the highest 10 richest individuals on the inventory alternate?

For the primary time, somebody entered the highest 10 richest individuals within the inventory market by shares on UPCoM

In early August, SSH shares of Sunshine Properties Improvement Joint Inventory Firm had been formally traded on UPCoM.

Sunshine Properties, previously generally known as Sunshine Vietnam Development Joint Inventory Firm, was established in March 2015 with a constitution capital of 100 billion VND, working primarily within the subject of actual property buying and selling, consulting and leasing. , housing building, social infrastructure, building system set up.

In early 2016, Sunshine Vietnam applied the primary capital improve, 5 occasions from VND 100 billion to VND 500 billion. There are solely Three shareholders collaborating on this capital improve issuance, and one in all them is Chairman Do Anh Tuan. By September 2016, Sunshine Vietnam and Sunshine Group Joint Inventory Firm signed a cooperation contract on model growth, thereby permitting Sunshine Vietnam to make use of the Sunshine model and commerce title owned by Sunshine Group. Quickly after, Sunshine Vietnam launched and launched the Sunshine Heart venture in Nam Tu Liem district.

In October 2018, Sunshine Vietnam continued to extend its capital 5 occasions, from VND 500 billion to VND 2,500 billion. Just like the earlier capital improve, solely Three shareholders participated on this capital improve, together with Mr. Do Anh Tuan.

On June 17, 2021, Sunshine Vietnam formally modified its title to Sunshine Properties Improvement Joint Inventory Firm.

Sunshine’s knowledge reveals that, by the start of July 2021, the corporate has 138 shareholders, of which two main shareholders maintain 71% of the capital, Chairman Do Anh Tuan owns 162.5 million shares (65%) and Mr. Do Van Truong, Mr. Do Anh Tuan’s youthful brother, owns 15 million shares (6%).

With the possession of a lot of shares of Sunshine Properties, Mr. Do Anh Tuan on August Four when Sunshine Properties listed on the inventory alternate entered the highest 30 richest individuals within the inventory market, with belongings of about VND 5,500 billion.

Notably, shares of Sunshine Properties went via a collection of 10 consecutive ceiling positive factors, with a margin on UPCoM of 15%/session. Due to this fact, though it was solely listed on the value of 21,600 VND/share, Sunshine Properties elevated to 112,700 VND/share on August 18. Thereby, the market capitalization of Sunshine Properties surpassed the USD 1 billion mark, reaching over VND 28,000 billion, whereas Mr. Do Anh Tuan owns a fortune of practically VND 19,000 billion, getting into the highest 10 richest individuals out there.

Within the final 2 periods of final week, shares of Sunshine Properties turned down, however Mr. Tuan’s belongings remained at over 17,000 billion, holding the ninth richest place out there.

What does Sunshine Properties do?

Focusing on the high-end actual property phase, Sunshine Properties provides Four principal product strains, together with Sunshine Residence (luxurious residences), Sunshine Villas (low-rise villas), Sunshine Sky Villas (aerial villas) and workplace house. Room, business heart for lease.

Info from the corporate mentioned that in the meanwhile, Sunshine Properties has Four initiatives with a complete scale of VND 31,500 billion on a complete land space of ​​greater than 251 thousand m2.

Sunshine HeartSunshine Properties, the primary venture of Sunshine Properties, began building in 2016 and has been accomplished, examined and handed over to clients since 2019. The venture consists of two 30-storey towers, together with 5 flooring. business, Eight flooring of workplaces and 214 residences. By the tip of the primary quarter of 2021, Sunshine Properties recorded about 83% of income from the profit from the funding cooperation contract from this venture.

Sunshine Metropolis Hanoi is a venture not directly invested by Sunshine Properties since October 2020 via its subsidiary, Hung Thinh Phat Housing Funding Co., Ltd. That is the most important venture of Sunshine Properties thus far, together with 6 40-storey buildings, with Three basements with a complete space of ​​practically 56,000m2, practically 264,000m2 of building flooring of the floating flooring and 1,791 residences, shophouses.

The venture has been underneath building since November 2017, beginning to hand over in 2020 and is anticipated to finish and hand over the remainder in 2021. In 2020, income from this venture is VND 4,500 billion, accounting for about VND 4,500 billion. 58% of the venture’s anticipated income, nonetheless, Sunshine Properties solely consolidated the income generated from October 30, 2020, about greater than 1,200 billion VND.

Sunshine Diamond River is an oblique funding firm venture from 2020 via the deposit to purchase 26.07% shares of AMG Asset Administration JSC (the corporate owns 50% of the constitution capital of Massive Acquire Funding Co., Ltd – Investor of Sunshine Diamond River venture). Thus, Sunshine Properties not directly owns 13.04% of Massive Acquire and is planning to proceed to extend the possession price.

The venture has an space of ​​​​112,585m2, together with 8 40-storey buildings, with Three basements with an space of ​​​​115,000m2, building space of ​​​​621,000m2 with a complete of three,142 residences. The venture has an estimated complete funding of 20,000 billion VND and is within the strategy of building. Tower B, Tower C are anticipated at hand over on the finish of 2021 and the remaining towers from 2022 to 2023.

Sunshine Marvel Villas is a venture not directly invested by Sunshine Properties via the acquisition of 45% of shares of Sunshine Tay Ho, the venture investor. Sunshine Marvel Villas is within the strategy of being deployed, anticipated to be handed over in early 2022.

The venture has a complete funding of about 5,300 billion VND, with an space of ​​​​110,542m2 with 238 villas, a college space and a connecting basement with an space of ​​​​112,170m2 of building flooring.

Sunshine Properties’ monetary report mentioned that in 2019 and 2020, the corporate achieved income of over VND 1,500 billion. Nonetheless, the income construction has a giant distinction. In 2019, Sunshine Properties collected 211 billion VND from actual property switch and picked up 1,360 billion VND from leasing business flooring space and basement.

In 2020, the rental phase has no income whereas the true property switch enterprise brings in additional than 1,500 billion VND.

Sunshine Properties mentioned that 2019 is the 12 months the brand new Sunshine Heart venture was accomplished, so the corporate solely handed over to clients and recorded part of the income from the venture, whereas in 2020 the corporate nonetheless accomplished and recorded a part of the income from the Sunshine Metropolis venture is a a lot bigger venture.

For the rental phase, that is the income for Three firms renting 23,207m2 of business flooring space and basement of Sunshine Heart venture with a lease time period of 44 years. This income is acknowledged as soon as in 2019.

From 2019 to now, Sunshine Properties has shifted from building and business actions to the spearhead exercise of actual property enterprise. Due to this fact, the corporate at present doesn’t generate any extra income from building actions. Presently, Sunshine Properties solely data stock as unfinished enterprise bills associated to building actions (greater than Eight billion VND) from the Sunshine Backyard venture and is anticipated to file income from the contract. this co-construction in 2021.

With the orientation of actual property enterprise, Sunshine Properties focuses on gross sales, so it ought to focus plenty of sources on this exercise. Sunshine Properties builds each “Inhouse” and “Outsourced” gross sales groups, that are a community of degree 1 and degree 2 brokerage brokers… The corporate has a gross sales coverage with many incentives, product introduction actions. and advertising and marketing collectively to draw clients.

Notably, Sunshine Properties has a excessive fee coverage, as much as 4-5% for brokers, whereas the market common is 3-4%. As well as, Sunshine Properties additionally develops a web-based enterprise channel via Sunshine App, serving to to extend interplay.

In 2021, the income and revenue after tax plan is VND 2,000 billion and VND 300 billion. In 2022, Sunshine Properties units income and web revenue targets to extend by one and a half occasions to three,000 billion dong and 450 billion dong.

Ha My