An Phat Holdings

Founded in March 2017, An Phat Holdings' main business areas include Packaging; Compostable products & compounds; Engineering plastics & building materials plastics; Raw materials and chemicals for plastics industry; Precision engineering & molding; Industrial real estate. Since its establishment, An Phat Holdings has continuously increased its charter capital to VND 1,423 billion and becoming a public company since January 2020. Also, APH is the parent company that owns 55% stake of Hanoi Plastics (Ticker: NHH), 48% of An Phat Bioplastics (Ticker: AAA), An Tien Industries (Ticker: HII) and the other subsidiaries. HII contribute 86% and 80% of revenue and gross profit respectively to APH in the first quarter of 2020, while the remaining 14% and 20% respectively came from NHH. In 2019, APH's consolidated revenue and profit after tax is VND 9,513 billion and VND 712 billion respectively, increased 19% and 305% over the same period in 2018. In the past, APH's revenue mainly came from the packaging segment (90% of revenue and profit), but now the enterprise has expanded its business portfolios. The supporting industry segment now comprises about 12% of APH's consolidated revenue with an average growth of 9% each year in the period of 2015 - 2019. Furthermore, after just more than 1 year in operation, the industrial real estate segment achieved enormous success by contributing 7% of revenue and 29% of gross profit in 2019. Meanwhile, the compostable product and compound segment keep generating huge profit. In 2020, APH set a target for revenue and net profit up to VND 12,000 billion and VND 650 billion respectively. In the long term, APH's growth driving force will come from compostable products thanks to its manufacturing factory with an expected capacity of 20.000 tons per year. "That An Phat Holdings' IPO on HoSE will improve its access to capital, raising capital, strengthening its capabilities to achieve long-term targets. With the right business strategies as well as business expansion in other potential sectors, especially with the construction plan of AnBio compostable material manufacturing plant, we hold a strong belief that in the next 5 years, An Phat Holdings will become the biggest bioplastics group in South East Asia," said Mr Pham Do Huy Cuong - Standing Deputy General Director & CFO of An Phat Holdings. After this successful IPO launching, An Phat Holdings will have a Roadshow at the beginning of July 2020 before officially being listed on HoSE at the end of that month.