IDI Multinational Development and Investment Joint Stock Company (code: IDI) has just announced the document of the 2022 Annual General Meeting of Shareholders. Accordingly, the enterprise sets a very "terrible" business plan in 2022.

Specifically, IDI sets a target of net revenue of 2022 up to 8,300 billion dong, profit after tax of 900 billion dong - 7 times higher than in 2021. This is the record high ever of this business. Expected dividend payment rate in 2022 is 30% in cash.

In 2021, IDI achieved VND5,719 billion in net revenue (down 10% compared to 2020) and VND137 billion in net profit (up 42%). Compared with the plan entrusted by shareholders, IDI only achieved 83% of the revenue target and 88% of the target of profit after tax.

By the end of 2021, IDI has 419 billion dong of undistributed profit, so the company's Board of Directors proposes to spend 341 billion dong to pay a cash dividend at the rate of 15%. The payment period is expected in the 2nd and 3rd quarters of 2022.

In addition, the Board of Directors is also expected to submit to shareholders for approval to cancel the bond issuance plan in 2021. The company said that in 2021, it has mobilized appropriate capital sources for business expansion and Therefore, the Company has not yet issued 500 bonds (par value of 1 billion VND/bond) which has been approved by the Annual General Meeting of Shareholders in 2021.

Regarding stock prices, since the beginning of November 2021, IDI has broken out, increased strongly and peaked at 24,000 VND/share by the end of the year. However, after that, IDI fell by more than half to the bottom of 11,300 dong/share. Investors call this a "pine tree" model because the rise is too shocking and the fall is too shocking. In that context, business leaders also continuously bought and sold stocks. IDI made a bottom and exploded in March. Currently, IDI is trading on the floor at 28,400 dong/share, up 75% compared to the beginning of the year, surpassing the highest peak of this stock.

 

IDI used to be called a "pine tree" stock because of its strong increase and decrease in shock

Market price peaked, Mr. Nguyen Thanh Hai, Deputy General Director of the company bought 2 million shares.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the total export value of pangasius in the first two months of the year reached US$384.8 million, up 93.6% over the same period last year. In which, the export value of pangasius to some leading markets increased by triple digits. Exports increased sharply in most markets, especially China - Hong Kong: the total export value in the first 2 months of the year reached 85.8 million USD, up 239.6% over the same period in 2021, accounting for 22.3%. With this result, China - Hong Kong is ranked 2nd (after the US). This is a big market for IDI.

According to IDI, the company has positive signals from the Latin American market, especially Mexico and Brazil - where IDI holds a large market share. From the first half of October to mid-November 2021, the total value of pangasius exports to Brazil increased by more than 1.5 times the same period last year, reaching 47.44 million USD. The export price of fish in this market is also approximately US$4/kg, nearly double that of the same period last year. Company leaders said that IDID's export orders have been signed until the end of the second quarter of 2022.

Before, to prepare for this recovery, IDI had time to stockpile up to 1,400 billion VND at cheap pangasius prices (17,000 - 18,000 VND/kg, now increasing to over 30,000 VND/kg).

IDI's business results over the years