Accordingly, on December 3rd, 2021, the Ho Chi Minh Stock Exchange (HoSE) held the Ceremony of Listing Decision Granting and Celebration of the first official trading day of BAF Vietnam Agriculture Joint Stock Company shares. BAF registered to list 78,000,000 shares representing the whole Charter capital of VND780 million. According to many investors, BAF’s official listed on HoSE creates many investment opportunities to the potential Livestock industry, especially BAF’s core competitive position is now at top of within Livestock enterprises.
Mr. Phan Ngoc An – Chairman of BAF received the Listing Decision Granting from HOSE’s Board of Directors
At the beginning of the session, BAF stock increased +20% to the ceiling price 24,000/share and maintained upward momentum until the end of the session that shows investors’ interest in Livestock shares.
Mrs. Bui Huong Giang – CEO of BAF shared at the Ceremony: “Listing on HOSE creates a period of strong and outstanding development of Company with bigger and more sustainable goals on the journey to becoming a leading Company in the field of 3F (Feed – Farm – Food) Modern Livestock. This is a strategic step of the Company, enhancing position, brand value and transparency, helping to increase stock liquidity and strengthening corporate financial capacity in a sustainable direction. At the same time, this event realizes commitments and ensures highest benefits of Company’s shareholders and Related parties in the BAF ecosyste.”
BAF is oriented to become a leading Corporation in the fields of Agriculture, Animal Livestock and Food Processing. BAF has completely controlled the value chain in the agri-food industry through operating a closed chain model from raw materials, Bran suppliers, Livestock farms, retail trade processing plants and Food processing
Mrs. Bui Huong Giang – CEO of BAF beat the Gong at HOSE to celebrate BAF’s first trading day
Regarding the business strategy in the period of 2021 – 2025, the Company will focus on developing Livestock, increasing the size of the farm, as well as optimizing the existing supply chain. Specifically, for the pig industry, BAF is expected to establish 35-40 more Farms in the provinces across Viet Nam to optimize the output capacity within the next 5 years. The Company targets the livestock segment to reach 1 million Meat pigs which will be sold for the first time in 2023, 2 million in 2025 and 5.5 – 6.0 million in 2030. BAF aims to become one of the top five Livestock companies in Vietnam. The target of the total Sow herd reaches 200,000 of all kinds by 2030.
In the field of Animal feed, BAF Vietnam has planned to upgrade and expand bran factory operations to proactively source Animal feed in proportion to the expansion of farm size in the next coming time; The target is to limit the instantaneous fluctuations of input materials to BAF’s farms. From the beginning of 2021, the Company has planned to buy 01 Bran factory in Tay Ninh with a capacity of 200,000 tons/year and build 01 bran factory in Nghe An with an area of 28,000 m2, increase capacity up to 180,000 tons/year that will satisify 100% of Animal feed demand of Company. About agribusiness, BAF plans to maintain a positive and sustainable cash flow from this segment. Up to now, BAF is currently trading agricultural products in both domestic and international markets with abundant supply and stable prices. Major Agricultural products include corn kernels, soybean meal, and wheat.
Currently, BAF owns a system of 15 Sow and Meat pig farms spread across the country such as: 1,200 Great Grand Parents Farm (Binh Phuoc); 2,400 Parents Sows farm (Ba Ria – Vung Tau); 2,400 Parents Sows Farm (Binh Thuan); 2,400 Parents Sows Farm (Thanh Hoa), 1,200 Grandparents Sows Farm (Hoa Binh), 2,400 sows Grandparents Sows Farm (Tay Ninh), 5,000 Grandparents Sows Farm (Phu Yen) – will be full capacity of barns Q1 2022 and and other Pork Farms in Vinh Phuc, Binh Thuan, Binh Duong, Nghe An, Daklak, Kontum…
Modern Farm
Despite being affected by the Covid-19 epidemic and unfavorable factors from the Pork market, Company has controlled costs as well as ensure the productivity of the Pig herd, the business results has recorded positive. Besides, because in 2021, the Company has shifted main business from Agricultural trading to the livestock, so the profit margin has increased actively. At the end of the trading session on November 30, 2021, Pork prices simultaneously increased in many provinces and cities in Viet Nam, with an average price of 48,000 – 52,000 VND/kg.
Further more details, please contact:
Investor Relations Department
Email: ir@baf.vn