AsemconnectVietnam - That was shared by Mr. Ho Si Thuan, Director of Phuong Dong Viet Transport and Logistics Joint Stock Company (PVT Logistics, code PDV - UPCoM) during the "Meeting with investors and analysts" in the second half of June 2024.

At the meeting, PVT Logistics shared its competitive advantages in the international market, expected results in 2024 as well as the Company's strategic orientation and plans in the near future.
Core activities in the field of oil/chemical tanker operations, PVT Logistics possesses the capacity to effectively manage and exploit the chemical ship segment of about 13,000-20,000 DWT. The Company's chemical fleet is currently operating in international markets such as Europe and America, meeting the requirements of large chartering associations such as Womar Pool and major Oil Majors such as Shell, Exxon Mobil, and Petronas. ..., from there there is an abundant source of goods and good freight prices.
With a complete management apparatus, the Company optimizes operations, technical management of ships, safety and crew, improves proactiveness and reduces costs. Thanks to that, the Company's operating costs (Opex) are low, only equivalent to about 75% of the industry average, bringing competitive advantage and efficiency to the Company when exploiting in the international market. .
Thanks to the expansion of the fleet, which increased transport capacity nearly 4 times in the last 5 years, the Company's business results recorded outstanding growth compared to the previous period with a compound annual growth rate. Profit before tax (CAGR) in the period 2018-2023 reaches about 65%.
In the first 6 months of 2024, PVT Logistics continues to record a positive business picture with estimated revenue of VND688 billion, up 18% over the same period and completing 55% of the year plan; Pre-tax profit is estimated at VND68 billion, up 62% over the same period and completing 85% of the year plan. It is expected that for the whole year of 2024, revenue and profit are estimated to reach VND1,310 billion and VND140 billion, growing 18% and 85% respectively over the same period.
Clarifying more about the Company's development orientation, Director Ho Si Thuan said that since 2019, the Company has begun to shift from transporting finished petroleum products to transporting chemicals in the international market to accommodate consistent with the global energy transition trend when demand for finished petroleum products decreases due to electrification in the transportation sector; Renewable energy such as solar power, wind power... is growing day by day. The company also expanded its operations into the field of bulk cargo transportation (grain, iron ore...) based on the experience and capacity of the leadership team along with the growth potential of the market.
By the end of 2025, the Company's fleet will reach about 14 ships, of which 60% will be chemical tankers of 13,000 - 25,000 DWT and 40% will be bulk carriers of 28,000 - 65,000 DWT. Accompanying that is the plan to increase charter capital to 661 billion in 2024 and increase capital in the following years.
In the coming period, in addition to the core business, the Company plans to expand and develop logistics services such as chemical warehouses, bulk cargo and crew supply services, maritime human resources...
On that basis, Mr. Tran Hong Kien, Deputy Director shared: "In the next 5 years, revenue and profit are expected to grow continuously over the years with an average rate of about 11%/year and 23%/year, respectively; The average ROE is expected to reach about 14%/year, a quite good level compared to other companies in the same industry."
Mr. Le Truc Lam, Chairman of the Board of Directors of the Company added: "The Company will gradually improve efficiency and standardize investor relations activities, prepare good conditions for expanding the scale of charter capital, developing the Company's fleet, listing shares from UPCoM on the HOSE as well as increasing the foreign ownership ratio from 0% to 49%".
N.Nga
Source: VITIC/Tinnhanhchungkhoan