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This is awesome, I was literally about to post about them.
The first link is all the infrastructure going on in Vietnam for the year of 2021.
https://danhkhoireal.vn/thong-tin-ban-do-viet-nam-moi-nhat/
On the list of 15 or so companies is Tecco. When you go to the next link it breaks down all of there projects
https://danhkhoireal.vn/tap-doan-tecco-group/
I saw this earlier and is the reason I started digging into tecco-group. The article I posted was from the 12th
Owning a series of real estate projects in potential locations, Tecco Group operates ineffectively and only earns a small profit, not equivalent to the scale of assets up to trillions of dong.
Continuously increase charter capital and assets
Tecco Group Joint Stock Company was established in late 2001 with an initial charter capital of 100 billion VND by Mr. Nguyen The Manh (born 1953) as Chairman of the Board of Directors (BOD). The company is headquartered in Thu Duc, Ho Chi Minh City and operates in a multidisciplinary manner, but is mainly known in areas such as construction investment - housing and resort real estate.
By December 2016, the company increased its charter capital to VND 200 billion and by the end of 2017 it was 500 billion. The most recent increase in equity to VND 2,000 billion was changed in June 2018.
In recent years, the size of this group has continuously increased with total assets at the end of 2019 reaching VND 3,346 billion, an increase of 35% in a year and a half times compared to the end of 2017.
The equity of this business also doubled to 805 billion by the end of 2019, but this number is only equivalent to a quarter of the size of total assets. This shows that most of Tecco Group's assets are financed from debt capital with the ratio of liabilities to total assets up to nearly 77%.
The scale is up to trillions of dong, but Tecco Group only made a profit of 22 billion dong in 2019, even 2 years ago, it still had consecutive losses. Return on total assets (ROA) and return on equity (ROE) are only 0.6% and 2.7% respectively, indicating that business performance is not high for this business. .
A remarkable positive point is the high growth in revenue each year. In 2019, Tecco Group's revenue reached 805 billion VND, an increase of 32% compared to the previous year. This figure in 2018 even went up to 78%.
The "centipede" is ineffective
Tecco Group currently has projects in 18 provinces and cities nationwide, notably Tecco Thanh Tri, Tecco Do Son Hotel Spa, Tecco Lao Cai, Tecco Towers Thanh Hoa, Tecco Complex Thai Nguyen, and Green View 3 cities. Vinh City, Tecco Hanoi, Tecco EverGreen Resort - Da Lat, hotel and villa chain tourism project Nam Hung (Cam Ranh - Khanh Hoa), Sunbay Park Hotel & Resort (Ninh Thuan), Dak Lak hydropower ...
With the spread scale, Tecco Group has divided the tasks into the "centipede" as member units in each locality to focus on implementing projects in the area. However, most of these companies are ineffective, leading to poor overall results of the group.
One of the largest member units of the group is Tecco Hanoi with total assets up to the end of 2019 of up to VND 1,559 billion, although the equity is only VND 9 billion. In 2019, Tecco Hanoi will start generating 587 billion VND in revenue, thereby earning a net profit of 14 billion VND. It can be seen that this is quite a modest number if looking at the series of projects that these businesses have been implementing in Hanoi such as Tecco Hanoi, Tecco Skyville Tower, Tecco Skyville Tower or Tecco Diamond.
Some of the member units in other localities of the group such as Tecco Thanh Hoa, Southern Tecco, and Tecco Truong An ... all underperformed in the past year, leading to loss eroding equity. .
Not here to bash or get cheap shares but I did find this article interesting.
http://vnstock.vn/tecco-group--dai-gia-bat-dong-san-quy-mo-hang-nghin-ty-nhung-loi-nhuan-beo-bot-d201.html
Tecco Group - Real estate giant with trillions of billions of VND in size but insatiable profit
I will say at least they are showing a net profit and on a positive note they are one of the top 10 real estate company's in Vietnam
I see all your points, getting back my initial investment from 2 years ago, and letting the rest of my shares ride for free. If this gets delisted I lose nothing. If it runs, I make a lot. Either way I'm not losing anything
I do hope henry proves me wrong though
Not digging just being observant of everything going on, a lot of frustration out there on social media, people looking for quick profits. Accusing NYCboss of being henry is one of my favorite. I took out my initial investment of 5000 yesterday and letting the rest ride. I do think henry will deliver I just don't think it will be for a few more months. Unless he gives a specific date, it will always be next week
Lots of dumping, henry is keeping up his reputation. Next week
Bold statement
Yea I agree, I just noticed it was updated February 10th.
I don't understand why people flip stocks, with the capital gain tax for a short term investment is absurd. I really hope all these new investors across the board understand this, the IRS is going to get their money one way or another
NewYorkCityBoss
$PHIL This is going to be huge!! I posted a PR that was released on June 12th, 2020..You are probably wondering why is he posting this it is old who cares, Ah yes but no bothered to look at all the companies listed in it that he gave a shout out to that are involved with this!!. I broke down every company and listed all links. I am sure a lot of you have heard Cushman and Wakefield they are a heavy hitter in real estate. Many heavy hitters below PR Release June 12th 2020 globenewswire.com/news-rele... "Companies Broken Down In The PR" Luxembourg Auditors - "Ernst and Young" ey.com/en_lu/who-we-are Vietnam independent valuator- "Cushman and Wakefield Vietnam" cushmanwakefield.com/en/vie... Custodian bank and alternative Investment Fund Manager -"Hauck & Aufhaeuser" hauck-aufhaeuser.com/ Fund Attorney "DLP Law Firm" Linkedin- linkedin.com/in/pierre-dela... DLP Law Firm Website- delandlo.wixsite.com/dlp-la... Luxembourg Tax Advisers- "Atoz Tax Advisers Luxembourg" atoz.lu/
The fact that ernst and young is involved in this lux fund makes it legit. I don't think a reputable company like this would be involved if this was a scam.
Also O/S have been updated the last 2 days in a row after hours. It makes me believe that we are pretty close to everything being released
Hey sorry I've been extremely busy with work and couldn't really look at stuff. Did you mention or notice the fund was updated on the 10th of this month?
https://www.firmenwissen.com/en/az/firmeneintrag/5365/9370444831/PHILUX_GLOBAL_FUNDS_SCA_SICAV_RAIF.html
Same on iHub. It really means nothing
This is a little random, but do you think with the price of PHIL going up it has the same effect on MYSN?
Sorry nevermind, you can't do a "fill or kill" order on this stock but can still buy
Is anyone else having an issue buying? E-trade will not let me buy anymore because it is not pink current
So I haven't dumped any yet, I was looking at my tax lots on etrade last night for tax purposes, most of my big buys is from June of 2019. I would like to see this hit .05 before taking any profit though, just waiting on financials to post
I haven't looked at this board or stock in a long time, is there any long term investors still on here? Also do you still have the dividend stocks we got back in 2018? And why are they still not worth anything
So I have an alert set for 0.01 and this morning at open market E-trade said it hit the target price. I think it's a glitch though
Any word on financials posting this week?
It should be up to 15b though
I think its a set amount of money, so what ever the ticker is at. DJK or facts can probably answer that better
If he follows through with the buy back, it is very possible it runs exactly like tsnp
Hit top 1% on barchart
88% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
STRENGTH: TOP 1%
DIRECTION: STRONGEST
Yea I agree, with all the 25m trade days at different prices. But he updated it a week or two ago to 15b O/S so I think people didn't think it was as bad. Why didn't he update it all at once to the actual number of O/S
Anyone notice outstanding shares went up?
Outstanding Shares
16,107,784,417
02/01/2021
Held at DTC
15,923,551,697
02/01/2021
This is the email I just received
Dear Sir,
Regarding your order on our website :
This is a very recent company (june 2020) and no accounts has been filed
yet.
Unless you need the Articles of Association, we will refund you.
Please confirm
Regards
Nicolas
--
www.info-clipper.com
Company Information in 200 Countries
Informations sur les sociétés dans 200 pays.
So no go
I did last night, it said it was a "deferred delay" and I get the report in 48 hours
I am not aware thank you, that's why I was asking the question
Hey sorry guys I wasn't trying to stir the pot. Henry is tied to MHD, my question was was this the reason for the delay.
https://www.globenewswire.com/news-release/2018/08/16/1552979/0/en/PHI-Group-Partners-with-Hanoi-MHD-Invest-JSC-for-Real-Estate-Investment-and-Development-Activities-in-Vietnam.html
So I did some digging, any thoughts finicials where held up on the MHD fraud case. I know everyone is saying vinafilms is the reason the books are messed up. But henry did make a deal with Hanoi MHD. And they did just release an article on that company being scammed. I could be way out to left field but I am trying to understand Henry's thought process.
https://headlinesmania.com/vietnameng/case-fraud-26-cases-taking-more-than-430-billion-vnd-from-three-banks/
Does anyone have word this week that he is still posting financials? Have you or facts heard anything?
If financials aren't drop this week. How much does this drop
I have not seen anything, I also have not seen any new information about the ADE. I do know there is a meeting soon in Japan with some vietnam officials over a diamond exchange but I can not connect it to phil.
https://www.technologytimes.pk/2021/01/22/asian-productivity-organization-launches-its-diamond-jubilee-event/
I think most company's have an algorithm of popular searches. With all the new eyes on PHIL between Twitter, stocktwits, and Ihub. I'm sure people are digging the internet to find out anything they can. Unfortunately for henry and the investors if they want to keep something secret, they need to keep it off the internet or someone will find it
So I've been digging pretty hard the last few weeks. I have seen the other meetings you have talked about. So should I just wait for Henry to put out a PR?