Foreign investors stepped up buying SBT shares, focusing on ESG criteria

Foreign shareholders continue to increase their ownership of SBT shares of Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC AgriS, HOSE: SBT) to affirm a strategic step in the cooperative relationship with TTC AgriS, aiming to The goal of building a "green" business strategy and sustainable development.

Specifically, on July 25, 07, Legendary Venture Fund 2024 (Legendary), a foreign investment fund based in Singapore, just reported purchasing a total of 1 SBT shares, equivalent to 60.800.000 billion shares. % voting rate, bringing the total ownership rate to 8,21 shares of stock, equivalent to 116.310.033% voting rate. Previously, this Fund owned more than 15,71 million shares, corresponding to 55,5% voting rate. 

It is known that Legendary Fund specializes in investing in businesses with potential in Asia. This fund identifies investment opportunities through assessing the intrinsic value and sustainable development strategies of businesses. The Fund prioritizes selecting listed enterprises with large capitalization and sustainable business growth, paying special attention to enterprises with development strategies that focus on Environmental, Social Responsibility and Governance (ESG) factors. ). This fund has had a long time negotiating and working with TTC AgriS before deciding to choose TTC AgriS as an investment destination.

Recently, the stock market has continuously witnessed a strong net selling trend by foreign investors. By the end of the trading session on July 04, 07, foreign investors had net sold 2024 consecutive sessions, with a total net selling value of over 20 trillion VND (52 billion USD) since the beginning of the year. In the first half of 2, foreign investors' net selling will be 2024 times higher than the whole year of 2,26 and approximately 2023% of the record net selling value set in 87. 

In contrast to the above developments, foreign investors have continuously invested and increased their ownership of SBT shares. According to statistics, as of July 23, the foreign ownership ratio at SBT continuously recorded growth, up to 07%, an increase of 21% compared to the beginning of the year.

New Chairwoman of the Board of Directors Ms. Dang Huynh Uc My continuously establishes strategic relationships for TTC AgriS in terms of management and "green" capital, aiming for a target of VND 60.000 billion by 2030.

Recently, SBT is often in the top stock codes with the most net purchases by foreign investors along with MWG, PVS, MBB and HPG. This shows that the trend of foreign capital flows is now more cautious and selective, focusing on sustainable development stocks that meet ESG standards.

Recently, FPTS Securities has just reported a Buy recommendation for SBT stock, they expect the short-term price increase channel to continue to expand and the expected return to be 24%.

Sharing about Foreign Funds continuously increasing their ownership at SBT, the new Chairwoman of the Board of Directors of TTC AgriS - Ms. Dang Huynh Uc My shared: "With the current global economic trend, TTC AgriS is ready to cooperate with investors." Foreign partners have the same vision, business strategy and especially experience in the field of ESG. We believe that the companionship of foreign partners will help TTC AgriS expand its scale of operations and improve its capacity. compete in the international market. This is also an important step, marking our commitment to bringing sustainable value to shareholders and actively contributing to the development of Vietnam's agricultural industry." 

In fact, TTC AgriS has always been one of the pioneering enterprises in Vietnam in upgrading and standardizing the corporate governance system on the basis of sustainable development, applying ESG standards to all activities. management – ​​production – business. During more than half a century of operation, "green" business strategy and sustainable development have always been the "guidelines" of the Company. This is considered a plus point in attracting green capital from foreign investors looking for investment opportunities in Vietnam. 

TTC AgriS's extensive cooperation with a foreign investor with the same vision, business strategy and especially experience in the field of ESG is also part of the Board of Directors' development strategy to enhance its position. of TTC AgriS, helping the company expand its scale of operations and improve its competitiveness in the international market.

In recent years, TTC AgriS has continuously received high appreciation from reputable organizations for its management activities such as: Top 20 listed enterprises in the basket of sustainable development index VNSI20 - HOSE, Top 10 enterprises Best Corporate Governance Enterprise in 2023 Large Capitalization Group – HOSE, Top 10 Enterprises for Sustainable Green Economic Development, Top 5 Board of Directors of the Year – VIOD. On June 25, 06, TTC AgriS was honored by the world's leading prestigious magazine Fortune (USA) on the list of Fortune 2024 Southeast Asia - Fortune 500 Southeast Asia 500.