The subject engages in distributing 3 types of products (industrial chemicals (main), lubricants and waterproofing materials). As our latest interview with the subject's staff, this company still mainly imports products from foreign countries including China, Taiwan, Malaysia, Japan, South Korea, Hong Kong, India... and only distributes in the domestic market. Currently, the subject is still operating normally with over 100 employees. About the investment activities, the subject secured a long-term lease in the Southern province of Long An province in early 2022 through its subsidiary, for the construction of a new warehouse for storage and blending activities. This warehouse was completed in the second quarter of 2023. Moreover, the subject's staff also shares that it has another warehouse in Binh Duong province. The subject is an important unit of the Samchem Group which is dominated by "Samchem Holdings Berhad". According to the latest annual report of this group, in terms of geographical segment performance, the Vietnamese market is the second largest operation contributing 41% of revenue after Malaysia accounting for 49% of total Group's revenue in FY 2022. The Malaysian operations contributed to 81% of total profit before tax, whilst Vietnam contributed 14.7% followed by Indonesia at 2% and Singapore at 2%. The lower profit margins from Vietnam and Indonesia compared to Malaysia was due to the difference in product on position and the price volatility of certain products. The Group's business result in the third quarter of FY 2023 seemed to be brighter than the same period in the previous year. It collected MYR 322,534 thousand in turnover and MYR 9,738 thousand in profit after tax instead of MYR 317,323 thousand and MYR 6,497 thousand respectively in the third quarter of FY 2022.
Headquarters
7th Floor, Phu Nhuan Plaza, No. 82, Tran Huy Lieu Street, Ward 15
Ho Chi Minh municipality; South Eastern Vietnam;
Postal Code: 70000-74000
Contact Details: Purchase the Sam Chem Sphere Joint Stock Company report to view the information.
Website: http://samchemsphere.vn/
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