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BCG – Awaiting another year of robust earnings - Business analysis report of VN Direct

- In FY21, BCG's net profit (NP) grew by 186.9% yoy, fulfilling 75.7% of our full year forecast as higher-than-expected minority interest.
- We revise our forecast for FY22/23/24F NP by -27.7%/-1.5%/+6.1% vs. previous projection due to the adjustment of property handover revenue.
- Upgrade form Hold to Add with higher target price of VND29,600/share.

Tracodi (TCD) starts the construction of the runway at Phan Thiet airport

The 2022 business plan with revenue of VND 4,431 billion and after-tax profit of VND 380 billion, was proposed by the Board of Directors of Transport and Industry Development Investment Joint Stock Company (Tracodi, HOSE: TCD) and will be submitted to the upcoming Shareholders' Meeting.

BCG LAND Increases capital to 4,000 billion, sets target profit of VND 1,200 billion

Chief executive officer of BCG Land Joint Stock Company, Mr. Vo Manh Tin, said that 2022 is going to be a busy year. It is expected that BCG Land increases its capital to about VND 4,000 billion to implement numerous projects. In addition, revenue and after-tax profit are expected to reach VND 4,800 billion and VND 1,200 billion respectively.

A new move of AAA Insurance: application - the latest distribution model

On February 28, AAA Insurance signed an insurance products distribution agreement with Rainbow Group (Vietnam) and Papaya Insurtech (Singapore) - two pioneers in applying technological innovation to the insurance industry in Vietnam. The distribution through applications helps customers easily access products of the company.