HAGL Group changes logo color; Mobile World aims to recover; Nui Phao mine is back in production

HAGL Group changes logo color

From April 01, 04, Hoang Anh Gia Lai Joint Stock Company (HAGL Group) puts into use a brand identity with new colors. HAG's new logo retains the same layout and meaning as the old logo but changes in color. Accordingly, the new logo has 2024 colors including yellow, brown and white.

HAGL Group's new logo only differs from the old logo in color.

HAGL Group said that changing the logo color is a step to give HAG a closely linked, consistent and harmonious image, associated with the mission of creating clean, safe agricultural products from farming. Apply circular agriculture model.

The company attaches great importance to technological solutions to recycle by-products and waste from the farming and animal husbandry process to serve the agricultural production process, forming a closed production chain and reducing waste. resources and environmental pollution.

Established in 1993, this is probably the first time HAGL has changed the Group's logo after nearly three decades. This move comes after HAGL Group There are continuously many changes in the corporate structure, creditors and senior leaders. 

In addition to changing the logo, recently HAGL Group announced divestment of hotel and hospital segments to get money to pay off bond debt.

On the Group's official website, these two sectors are no longer recorded in the list of business lines, instead HAGL only has the pig, banana, durian and football sectors.

Mobile World aims to recover in 2024

Mobile World Investment Joint Stock Company (MWG) has just announced the 2024 Annual General Meeting of Shareholders with many important contents.

Regarding the business plan for 2024, MWG expects a recovery after a difficult 2023, with net revenue of 125 trillion VND and profit after tax of 2,4 trillion VND, up 6% and 14% respectively. more than 2023 times the implementation in XNUMX.

MWG expects to achieve after-tax profit of VND 2,4 trillion in 2024.

Among them, the Mobile World chain (including Topzone) and Dien May Xanh are expected to remain the mainstays, contributing about 65% of revenue and bringing the main profit. Meanwhile, Bach Hoa Xanh contributes about 30% of revenue, growing in double digits, increasing market share and starting to bring profits from 2.

The three pharmacy chains An Khang, AvaKids and EraBlue also set a target of double-digit revenue growth and increased market share. An Khang and AvaKids alone are expected to reach break-even point before December 2, 31.

Previously, answering the question about the feasibility of this profit level, MWG Chairman of the Board of Directors Nguyen Duc Tai shared: "2,4 trillion VND in profit after tax is not a high number. In 2023, the market changes rapidly, while MWG recognizes that change is a bit slow, only by the end of the first quarter of 1 will it realize that market purchasing power has stagnated and will not return. The difference between 2023 and 2024 is that MWG has undergone a long restructuring process, helping it to operate healthily and neatly whether the market increases or decreases. Most costs now are variable costs. Even if revenue decreases, costs will follow revenue developments, thereby ensuring profits at a stable level. If we exclude uncontrollable variables, typically the Russia-Ukraine war, then 2023 trillion VND is a number within reach."

In addition, the Board of Directors also submitted to the General Meeting of Shareholders for approval a plan to buy back the Company's own shares in 2024, with the purpose of reducing charter capital, reducing the number of shares in circulation, thereby increasing the ownership ratio for shareholders. East exists.

The transaction is carried out by order matching method with a maximum budget of 100 billion VND, expected to use undistributed retained profits.

The plan to buy treasury shares, if approved, will be a long-term strategy and implemented for many years to come, according to Mr. Tai.

MWG also plans to issue ESOPs to the executive board and key managers of MWG and its subsidiaries, based on 2024 business results.

Long An International Port cooperates with the leading port service provider in the Philippines

Information from Long An International Port (Tan Tap commune, Can Giuoc district, Long An), the unit has just signed a letter of intent with Oriental Port and Allied Services Corporation (OPASCOR), formalizing the cooperative relationship between the two. beside.

Long An International Port and Oriental Port and Allied Services Corporation (OPASCOR) Sign letter of intent.

OPASCOR, established in 1990, is a leading port services company, operating at the Cebu International Port, Philippines and is the first cargo handling company wholly owned and operated by human workers. Philippines. 

OPascor was awarded the European Award for Best Practice from the European Conference on Quality Research (ESQR) in 2022.

Mr. Vo Quoc Huy, representative of Long An International Port, said this is a step forward in connecting and cooperating between the two port service operators in particular and the business community of the two localities in general, from there. further develop the relationship between the two neighboring countries in the ASEAN region.

The signing with OPascor will bring common benefits and cooperation in areas of mutual interest, including a commitment to developing smart ports, green ports and sustainable development.

“The two sides will develop together, at the same time share and learn in seaport operations and exploitation. This will be a development step for Long An International Port on the journey to becoming an internationally recognized and selected seaport in Asia," Mr. Huy said.

Nui Phao mine is back in operation

Nui Phao Mineral Exploitation and Processing Company Limited - a member of Masan Group has just signed a strategic cooperation agreement to provide blasting services with the Defense Industrial Technical Economic Corporation (GAET).

Nui Phao's cooperation with GAET, a military enterprise with extensive experience and reputation in the field of providing blasting services, will bring great benefits to both parties. Nui Phao is expected to significantly optimize blasting costs in the next 5 years thanks to GAET's commitment to maintaining good service quality at reasonable prices.

Nui Phao mine in Thai Nguyen.

Since the middle of last year, blasting operations at Nui Phao mine have been interrupted, directly affecting the output of ore mined and processed. This causes Nui Phao's operating costs to increase, affecting profits in 2023.

The resumption of blasting activities will help the company continue to exploit high-content ore, providing a rich source of input materials for the high-tech processing plant, helping to increase output and optimize production costs. .

In 2024, the company is applying for a license to expand exploitation of 28 million tons of reserves at Nui Phao mine. In the coming time, ore mining and processing activities are expected to become more vibrant, creating a competitive advantage for parent company Masan High-Tech Materials in ensuring a stable supply of high-tech materials to customers. goods worldwide.

Mr. Craig Bradshaw, CEO of Masan High-Tech Materials said: "Optimizing operating costs of Masan High-Tech Materials member companies is part of our "Fit for the future" strategy. me to respond to the difficult economic situation globally."

Masan side said that Masan High-Tech Materials is expected to achieve net revenue from 15.000 to 15.800 billion VND this year, corresponding to an increase of 6% to 12% over the same period. After resuming blasting operations, the company will move to mining in the East. Masan High-Tech Materials' focus is on implementing cost optimization activities, especially in operations and purchasing, while reducing financial leverage.

Vinasun chooses hybrid cars

Vietnam Sunshine Joint Stock Company (Vinasun) has just decided to invest in 550 new fully hybrid cars (hybrid cars combining the use of gasoline engines and electric motors). These vehicles are expected to be put into operation by Vinasun starting in the second quarter of 2024.

According to the plan, Vinasun will put the hybrid car line into operation from around the second and third quarter of 2024.

Vinasun representative said that converting from gasoline to hybrid cars is the business's long-term strategy. Because hybrid cars have hybrid electric and gasoline engines that help save fuel 1,5 to two times more than conventional cars, suitable for use in infrastructure conditions and charging station systems for pure cars. Electricity is not as complete as it is today.

Previously, at the 2023 Annual and Extraordinary General Meeting of Shareholders, Vinasun's board of directors received many questions from shareholders about the transformation strategy when the first purely electric taxi business, Xanh SM, appeared on the market.

Traditional taxi companies are gradually converting from internal combustion engine vehicles to using electric vehicles such as Sun taxi signing a contract to buy 3.000 vehicles, Lado Taxi buying 300 vehicles, ASV Airports Taxi, Ahamove...

Mr. Tran Anh Minh, Deputy General Director of Vinasun at that time, said that electric taxis are just a means, not a new business model. Vinasun is researching the approach and plans to introduce electric vehicles into the taxi business in 2023. 

However, for a taxi transport business, it is necessary to evaluate feasibility in all aspects before putting a vehicle into business.

Vinasun is known as a large taxi company in the market. By the end of 2023, this business will own about 3.000 vehicles. Vinasun's main markets are Ho Chi Minh City, Binh Duong, Dong Nai, and Da Nang.

In 2023, Vinasun recorded VND 1.218 billion in revenue, an increase of nearly 12% over the same period. However, Vinasun's after-tax profit only reached 150 billion VND, down 18% compared to the previous year and did not complete the plan.