BaF is the second 3F (Feed-Farm-Food) modern Livestock Company to be approved for listing on HOSE. It is expected that BaF stock will be traded on HOSE on December 3rd 2021 with a reference price of 20,000 VND on the first day, trading range +- 20%. This is an important milestone affirming the core capacity and goals of the Company; contribute to enhancing brand value with Investors and Partners; lay the groundwork for future breakthroughs.
Accumulated in the first 9 months of 2021, BaF recorded revenue of VND9,065 billion, up 8% over the same period. Profit before tax reached VND297 billion, 8 times higher than the same period last year. Despite facing fluctuations from the pork market and the impact of the Covid-19 pandemic, BaF has recorded impressive growth thanks to high autonomy from a closed business ecosystem, maintaining total capacity of Pigs and has been well prepared with solutions to maximize the reproductive productivity of Sows. On the other hand, the decision to strongly shift from pure agricultural products trading to the high-tech Livestock industry also helped the Gross Profit Margin to be 2 times higher than the same period last year.
BaF’s modern Pig farm
Closed chain breeding model – modern, large scale
BaF was established in 2017 with the initial main business of selling Animal feed ingredients. Not only achieving outstanding growth in revenue, this is also a premise for BaF to research the small-scale Livestock sector and continuously expand in a short time. BaF quickly grasped the great opportunity from the market and prepared solid resources, decided switching to large-scale Livestock, choosing to invest in the closed-chain model of high-tech Feed – Farm – Food which achieving European standards.
BaF is the exclusive cooperation unit with Genesus Group (Canada) – the world’s largest brand in supplying purebred Pigs – in Vietnam and Myanmar. The Company has imported more than 1,200 high-quality Great Grandparent Pig with superior genetic characteristics such as good appearance, rapid weight gain, large, uniform births, good and especially suitable breeding. suitable for the climatic conditions of Vietnam.
Genesus’s piglet carriers were imported by BaF to Vietnam
Regarding Animal feed (FEED), a team of BaF nutritionists research, select raw materials and develop optimal nutritional formulas for each subject and stage of the Animal; Guaranteed 3 No: No banned substances – No colorants, no lean substances – No weight gainers. The Feed Factory system is operated 100% automatically. These are two important factors that help BaF to be fully active in the chain raising process and create a difference in the quality of pork in the market.
The high-tech Farm system (FARM) always adheres to absolute biosafety standards which environmentally friendly and optimizes barn space to protect the maximum health of Pigs and improve Livestock productivity.
BaF pork products (FOOD) always achieve outstanding delicious quality, ensuring Food safety and hygiene. In the closed chain model, the Company is investing in a modern slaughterhouse and Food processing system with European technology. BaF-branded pork has linked with SibaFood chain stores, supermarket channels and traditional markets to provide the cleanest and best quality products for consumers.
Big Goals in Modern Livestock Sector
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…
In Q4 2021, BaF put into operation 01 modern Farm with a scale of 30,000 Pigs and one farm of 5,000 Sows, increasing supply capacity to supply from 20,000 fresh pork/month to 30,000 fresh pork/month in Q1 2022. With a long-term strategy and methodical preparation, BaF expects to achieve positive business results in the future.
Specifically, BaF sets a target of 35-40 Farms nationwide by 2023; invest and develop herds to reach 45,000 Sows at all levels, with top productivity and quality; 1,000,000 commercial swine are sold through channels to satisfy the market’s demand of clean and delicious pork.
The continuous improvement of the breeding process towards specialization and automation, raising the standards of genetic selection of breeds and nutrition, and concentrated Livestock with modern technology will be decisive factors for the Sustainable Development of Vietnam’s Livestock industry in general and BaF in particular.
Further more details, please contact:
Investor Relations Department