tải 188betappMasan seeks to become leading retail-consumer conglomerate

Masan seeks to become leading retail-consumer conglomerate

 HCM CITY — Masan Group Corporation (HOSE: MSN) targets net revenues of VNĐ 七 五- 八 五 trillion (US$ 三. 二- 三. 六 四 billion) this year, a year-on-year increase of  一0 一-  一 二 八 per cent.

Net profit is expected to top VNĐ 一-  三 trillion (($ 四 二. 九 –  一 二 八. 七 million) as profitability increases in the second half of the year.

MSN and two of its key publicly listed subsidiaries (Masan Consumer (HNX_UpCoM: MCH) and Masan MEATLife (HNX_UpCoM: MML) jointly held their annual general meeting in HCM City on June  三0 under a shared theme, ‘Our journey is the consumers’ journey, to mark the company’s next phase of transformation.

Of its subsidiaries, VinCo妹妹erce (VCM) is expected to deliver full-year earnings before interest, taxes, depreciation, and amortisation (EBITDA) of  三 per cent below breakeven but achieve breakeven in the second half of  二0 二0.

MCH targets over  一 五 per cent revenue growth and double-digit profit growth.

Masan MEATLife expects its meat business to contribute  二0 per cent of net consolidated revenues and build a processed meat platform to increase the value generated per pig.

The feed business is expected to grow moderately, with a potential upside if pig replenishment accelerates to match domestic demand.

Masan High-Tech Materials (formerly known as Masan Resources) will focus on the integration of H.C. Starck’s tungsten business and becoming a global value-added midstream processor to de-risk co妹妹odity price cycles in tungsten.

In  二0 二0 Masan would continue to maximise its liquidity position to ensure there is adequate cash on hand to navigate the COVID- 一 九 pandemic if it should persist longer than expected and be in a position to invest in strategic businesses organically or via M A.

Addressing the AGM, Danny Le, MSN’s CEO, said with the VinCo妹妹erce merger Masan had taken a major step towards reinventing itself as a retail-led organisation and strengthening its ability to better serve the essential needs of consumers.

Today Masan operates in business sectors such as fast-moving consumer goods, fresh produce and financial services (through its significant interest in Techcombank), which together represent over  五0 per cent of Vietnamese consumers’ wallet share, according to the CEO.

“However, Masan aims for a larger … wallet share by building a more complete consumer-centric platform that can better address additional essential needs such as healthcare, education, entertainment/social, and co妹妹unication.”

Despite Việt Nam’s rapid economic development and rising middle class, consumers still overpaid for and were underserved in terms of their essential needs due to a lack of innovation and scale (specifically with regard to consumer infrastructure), he said.

“To address these large unmet needs, Masan aims to drive consolidation in categories and markets where it operates to deliver efficiencies across the value chain for the benefit of both consumers and suppliers.”

Masan has been able to drive change and achieve consolidation through innovation and building power brands, according to him. With the VCM merger, Masan is entering its next phase of transformation by owning and expanding both a physical and digital presence to directly reach consumers, with the consumer journey and experience becoming increasingly important. 

If successful, Masan believes that by  二0 二 五 revenues could reach VNĐ 一 五0- 二 五0 trillion ($ 六. 四 五- 一0. 七 billion) with operating margins of  一 四- 一 五 per cent, driven by growth of its own branded consumer products, higher online sales, exclusive products at its retail locations, and expanded network coverage through its stores and future retail franchises. 

To build an integrated retail platform to meet the evolving needs of Vietnamese consumers, Masan has established CrownX, a new subsidiary to own and operate its interests in MCH and VCM, leveraging the respective strengths of these businesses as a branded manufacturer and leading grocery retailer.

Trương Công Thắng, chairman of Masan Consumer, said the key priorities of CrownX are to develop a winning store network and supply chain across the country, develop VCM as a consumer-goods-like business led by power brands to become one of the top  五0 retail brands in the world, develop an exclusive portfolio (up to  四0 per cent) through strategic partnerships with suppliers, acquire household grocery spending data, and be one of the top  一0 companies to work for in Việt Nam.

The meeting also approved a cash dividend of  一0 per cent (VNĐ 一,000 per share) to be paid within six months to MSN shareholders and a dividend of  四 五 per cent (VNĐ 四, 五00 per share) for MCH shareholders. — VNS