VDSC In 2023, Phuoc Hoa Rubber's profit may grow negative
- 190
- Brand
- 00:31 15/03/2023
DNHN - Phuoc Hoa Rubber and Rong Viet Securities made assumptions in the fields of rubber latex, wood treatment, Industrial Parks (IZ), and project compensation.
Rong Viet Securities Joint Stock Company (VDSC) has just released a report analyzing Phuoc Hoa Rubber Joint Stock Company with a revenue and profit forecast of VND 1,749 billion and an increase of 2.4% over the same period in 2023. Estimated after-tax revenue is 528 billion dongs, down 40.4% from the same period last year.
In the areas of rubber latex, wood treatment, Industrial Parks (IZ), and project compensation, VDSC makes assumptions. As the Chinese market has fully opened, it is anticipated that VDSC's latex business will recover; however, the Chinese market's weak demand significantly impacts the global price of rubber.

With wood processing expected to remain challenging, the consumer market shows no signs of improvement. Currently, the Truong Phat wood processing factory (a subsidiary of Phuoc Hoa Rubber) only maintains less than fifty percent of its capacity by supplying wood to small business households in the region to keep transportation activities running. manufacturing operations.
For the industrial zone segment, Phuoc Hoa Rubber will generate revenue from 5 hectares leased for $135/m2 in 2022.
Phuoc Hoa Rubber will sell 285 hectares of rubber trees for 200 million VND per hectare to generate additional income. In addition, the remaining compensation from the agreement with VSIP will be recorded in 2023. Specifically, VSIP transferred the remaining 207 billion dong of fixed compensation to Phuoc Hoa Rubber in February, and it will be reflected in the income statement for the first quarter of 2023. In addition, the compensation based on the rental progress of the VSIP 3 project (currently 60 hectares leased to Lego and Pandora) is expected to be paid this year. The amount received is approximately 72 billion VND or 1.2 billion VND per hectare.

In 2022, Phuoc Hoa Rubber recorded compensation totaling approximately VND 698.3 billion for the VSIP 3 Industrial Park project. Consequently, in 2023, the revenue from the compensation money for the VSIP 3 Industrial Park project may decline significantly compared to the same period in the previous year.
VDSC assesses that compensation income from the deal with VSIP will continue to be the profit fulcrum of Phuoc Hoa Rubber in 2023, given that the rubber business is expected to experience a slight improvement despite the slow impact of China's opening, which may cause rubber prices to recover more slowly than anticipated. In addition, input prices will decrease this year as a result of commodity price adjustments; the wood processing segment has not shown any signs of recovery due to consumer demand; and the industrial zone land business is anticipated to remain flat as Phuoc Hoa Rubber has only recorded leased area through 2022.
PV (t/h)
Related news
- Arton Capital Vietnam and Enterprises and Integration Magazine signed a strategic cooperation agreement
- 2023 will open up new cooperation opportunities between Vietnam and the Czech Republic
- Expecting to join CPTPP, businesses from the UK are especially interested in Vietnam
- ESG procedures will improve and become more systematic once ESG is seen as an opportunity
- Horasis 2022 India Economic Cooperation Forum opens up many cooperation and investment opportunities in Binh Duong
- Prime Minister: It's the responsibility with people if we can't spend money
- Mr Nguyen Minh Cuong, ADB's Chief Economist in Vietnam, believes that Vietnam will continue to recover in the coming months
- ASEAN exports are expanding remarkably and significantly
- Francois Painchaud, IMF Representative in Vietnam and Laos: There are several ways to enhance Vietnam's macroeconomic base
- Nghe An focuses on completing five goals to welcome the new wave of investment
- Vietnam has seven advantages that "attract" international investment
- The United States and Vietnam encourage export firms to comply with customs regulations
- Phu Tho province promotes cooperation with Laotian provinces
- Mr Pham Minh Chinh, Prime Minister of Vietnam, collaborates with the Vietnam National Oil and Gas Group
- Cultural cooperation contributes significantly to the development of diplomatic ties between Vietnam and Italy
- Vietnam tourism is rebounding strongly, with domestic visitors reaching an all-time high
- In the first seven months of 2022, FDI companies had a trade surplus of 18.74 billion USD
- Coordinating with the Committee of Overseas Vietnamese in Ho Chi Minh city
- Established IPP cargo airline
Đọc thêm Brand
Honey Tea Maker
Welcome to the world of Melaleuca honey tea maker, where you can find the finest honey from the pristine forests of Melaleuca, which are home to hundreds of species of plants and 70 species of birds.
The final night and award ceremony of the Community Beauty Search Program – Impressive Miss Natrumax 2023
Natrumax Dairy and Nutrition International Import-Export Joint Stock Company organized the final night and awarding of the Community Beauty Search Program - Miss Natrumax 2023 in Dien Lam Eco-tourism Area, Dien Chau, Nghe An, with 15 contests
Tesla aims for a small electric car suitable for people to run services, compete with Morning, i10
Small Tesla vehicles will be marketed to those who want to use them as service vehicles, similar to the Kia Morning and Hyundai i10. The electric model will likely be priced affordably at approximately $25,000.
Trung Nguyen Legend Creating aspirations, inspiring businesses and Vietnamese coffee supply chains
Trung Nguyen Legend Group has inspired businesses and the supply chain and value chain of the Vietnamese coffee industry in brand building, management, and development; creating international market competitiveness.
Live forever 20 years old journey to the city of thousands of flowers Da Lat, Lam Dong province
In 2023, the 5th meeting and exchange program with former officials of the Southern Vietnam Youth Union will be held under the theme "Da Lat, the city of a thousand flowers - Let your dreams fly away."
“GREEN TOURISM” SACRED MOUNTAIN
Tuc Dup, a rare mountain marvel located at the foot of To mountain in the Phung Hoang Son range, was created by a unique supernatural hand. The terrain is undulating due to each layer of magnificent green mountain rocks, forming an elongated bow.
Ha Long Bay ranks 5th in the 25 most beautiful destinations on the planet in 2023
CNN describes Ha Long Bay as "one of the most famous natural attractions in Southeast Asia, with nearly 2,000 limestone islands of various shapes mesmerizing visitors."
400 booths participate in Coffee Industry Expo 2023
The "Coffee Industry Expo 2023" was opened on a grand scale on March 10 in the morning. 400 booths were present to introduce Vietnamese coffee specialties and promote trade, investment, and tourism promotion activities
Commencement of the project of the Ngoi Hoa eco-tourism area on the Hoa Binh lake area
Hoang Son Trade Construction Energy Investment Joint Stock Company held a groundbreaking ceremony for the Suoi Hoa ecotourism area on Hoa Binh lake on the morning of March 3 in Suoi Hoa commune, Tan Lac district, Hoa Binh province.
DIAMOND LOTUS RIVERSIDE ACHIEVES “TOP 10 BEST LUXURY APARTMENT PROJECTS IN 2022”
Bonds issued by real estate and construction companies comprised 145,000 billion VND or more than half of the total amount of maturing corporate bonds.