Công ty cổ phần VICOSTONE (HNX: VCS): Dòng tiền thuần FCFF đạt mức cao nhất vào Q1/2024

by finandlife19/05/2024 20:53

"Biển cả lớn vì nó chấp nhận mọi dòng chảy; sông suối cao vì nó thấu hiểu sự giảm sút."

Lão Tử

Công ty tiếp tục ghi nhận khả năng thu hồi công nợ xuất sắc và quản lý hiệu quả vốn lưu động, khiến dòng tiền thuần FCFF đạt mức cao nhất mọi thời đại, lên đến 1.760 tỷ đồng trong bốn quý gần nhất (Q1/2024). Hiện tại, công ty có tiền mặt ròng (tiền và các khoản tương đương tiền trừ đi nợ ngân hàng) là 635 tỷ đồng. Với vốn hóa thị trường chỉ ở mức 11.600 tỷ đồng, đây là mức giá khá hấp dẫn. Nếu công ty có thể duy trì dòng tiền thuần FCFF như đã đề cập, nhà đầu tư sẽ chỉ mất khoảng 6,5 năm để hoàn vốn nếu mua toàn bộ công ty.

FINANDLIFE

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VIETNAM BETS BIG ON CHIPS

by finandlife15/05/2024 08:58

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Economics

SÓNG VÀNG 2024

by finandlife14/05/2024 09:46

Nguồn: Nguyễn Đức Hùng Linh

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Economics

Jim Simons TOP Hedge Fund Manager

by finandlife13/05/2024 16:57

About 15 years ago, Jim Simons was driving to Boston to give a speech at his alma mater, MIT. He had retired a year before. He was 72 years old. He was, at the time, the most successful hedge fund manager of all time. His wife asked if he was going to mention any guiding principles that made him successful. At first, he thought, “I don’t know that I have any.” Upon reflection, he wrote down five that are both pithy and profound.

-Don’t Run with The Pack

-Hire the Smartest People

-Don’t Give Up Easily -Be Guided by Beauty

-Hope For Good Luck!

Simons arrived at his list organically after building his business. It doesn’t feel artificial. It’s not derived from some acronym. It reflects what worked for him over the course of a remarkable life.

Simons died yesterday at the age of 86. His career consisted of following one passion to the next, ten-year building blocks stacked one on the other. After Simons graduated with his PhD, he worked as a code breaker for the government during the Cold War. He was fired for opposing the Vietnam War. Next, he spent a decade running the math department at Stony Brook University. At about 40, his life took a serious turn. Simmons became so interested in markets and convinced he could build a better system that he quit his prestigious job to trade stocks in an office over a strip mall.

DON’T RUN WITH THE PACKHaving never worked in the financial industry, he proceeded to hire a group of physicists and astronomers to build something new, a quant trading firm.

HIRE THE SMARTEST PEOPLEHe spent 10 years building a platform based on data that didn’t work until all of a sudden it did. It became a flywheel that minted money.

DON’T GIVE UP EASILY He built the most successful financial firm in history without hiring anyone from Wall Street. He regarded doing something well as a form of art. 

BE GUIDED BY BEAUTYThe Medallion Fund, launched in 1988, went on to return 66% a year and generate more than $100 billion in trading profits.

HOPE FOR GOOD LUCKHe was never celebrity famous like Warren Buffet. He didn’t tweet principles like Ray Dalio. He didn’t buy a sports team like Steve Cohen. He was well known for his habit of not wearing socks and chain-smoking cigarettes.

Simons’ success lay in combining his mathematical prowess and insights with a passion to build and inspire teams of people. In the MIT speech, he lays out his recipe: “Great people. Great infrastructure. Open environment. Get everyone compensated roughly based on the overall performance… That made a lot of money.” Gregory Zuckerman wrote the definitive book on Simons called The Man Who Solved the Market. Simons didn’t want it written. Later, he said it is “pretty good.” Ironically, it probably did more than anything to cement his reputation as the world’s best performing hedge fund manager.

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Jim Simons, the man who solved the market, just passed away. Here are his five principles of success that are priceless and will live forever: (1) Be guided by beauty. Just as a great theorem can be very beautiful, a company that’s really working very well, very efficiently, can be beautiful. (2) Surround yourself with the smartest and best people you possibly can. Let them do their thing. Don’t sit on top of them. If they’re smarter than you, all the better. (3) Do something original. Don’t run with the pack. If everyone is trying to solve the same problem, don’t do that. (4) Don’t give up easily. Stick with it. Stick with it not forever, but really give it a chance to get where you’re going. (5) Hope for good luck. That’s the most important principle. On the last one, he once said something brilliant: "Luck is largely responsible for my reputation for genius. I don’t walk into the office in the morning and say, ‘Am I smart today?’ I walk in and wonder, ‘Am I lucky today?’" - Jim Simons (2000) Legend. The goat of investing, and just a brilliant human being.

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Jim Simons just passed away It's the man who solved the markets 8 quotes from the legend:

“I wasn’t the fastest guy in the world. I wouldn’t have done well in an Olympiad or a math contest. But I like to ponder. And pondering things, just sort of thinking about it and thinking about it, turns out to be a pretty good approach." “One can predict the course of a comet more easily than one can predict the course of Citigroup’s stock. The attractiveness, of course, is that you can make more money successfully predicting a stock than you can a comet.” “In this business, it’s easy to confuse luck with brains.” "Those kinds of times… when everyone is running around like a chicken with its head cut off, that's pretty good for us… " "We have three criteria: If it's publicly traded, liquid and amenable to modeling, we trade it." "I want a guy who knows enough math so that he can use those tools effectively but has a curiosity about how things work and enough imagination and tenacity to dope it out."

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Economics | StoriesofLife

YẾN SÀO KHÁNH HÒA (UPCOM: SKV) NÂNG CỔ TỨC TIỀN MẶT 2023 LÊN 3010 ĐỒNG/CP

by finandlife08/05/2024 13:52

Kế hoạch phân phối tổ yến của công ty Sanvinest (UPCOM: SKV) vào hệ thống nhà thuốc Đông y lớn nhất Trung Quốc, với mục tiêu xuất khẩu 250 tỷ đồng trong năm 2024. Trong tháng 4/2024, công ty đã ký kết hợp tác kinh doanh với hệ thống nhà thuốc Đồng Nhân Đường của Trung Quốc. Năm 2023, SKV ghi nhận kết quả kinh doanh tốt nhất trong lịch sử với doanh thu 2.121 tỷ đồng và lợi nhuận sau thuế hơn 103 tỷ đồng. Tuy nhiên, kết quả kinh doanh quý 1/2024 giảm mạnh so với cùng kỳ năm trước, do việc nhập lượng hàng lớn để hoàn thành kế hoạch doanh thu trong năm 2023 khiến cho sự suy giảm mạnh mẽ trong quý đầu năm 2024.

Công ty vẫn tiếp tục tập trung vào việc mở rộng xuất khẩu, đặc biệt là vào thị trường Trung Quốc. SKV đã có giấy phép xuất khẩu chính thức và đã xuất khẩu sản phẩm vào Trung Quốc, với dự định trong năm 2024 sẽ xuất khẩu khoảng 250 tỷ đồng và con số này dự kiến sẽ tăng trong các năm tiếp theo. Để đạt được mục tiêu này, công ty đang triển khai các dự án mở rộng công suất sản xuất và xây dựng các nhà máy mới.

Về tài chính, công ty đang được hưởng lợi từ mức lãi suất vay ưu đãi từ các ngân hàng, giúp giảm chi phí tài chính. Công ty cũng đã tiến hành điều chỉnh các chính sách về công nợ để đảm bảo tính linh hoạt trong hoạt động kinh doanh. SKV đã đưa vào vận hành gia đoạn 1 Nhà máy chế biến nguyên liệu Yến sào và tiếp tục triển khai giai đoạn 2 xây dựng Nhà máy NGK cao cấp Yến sào Khánh Hòa có công suất 30.000 sản phẩm/giờ với tổng mức đầu tư 420 tỷ đồng. Ngoài ra, công ty sẽ triển khai chương trình hợp tác, liên kết đầu tư nuôi chim Yến trong nhà nhằm chủ động nguồn nguyên liệu cũng như kiểm soát giá thành sản phẩm.

Cổ tức tiền mặt 2023 sẽ trả 3010 đồng/cổ phiếu, tương đương suất sinh lãi cổ tức tiền mặt đạt 8%/năm, khá tốt cho một doanh nghiệp tiêu dùng mạnh.

FINANDLIFE

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DISCLAIMER

I am currently serving as an Investment Manager at Vietcap Securities JSC, leveraging 16 years of experience in investment analysis. My journey began as a junior analyst at a fund in 2007, allowing me to cultivate a profound understanding of Vietnam's macroeconomics, conduct meticulous equity research, and actively pursue lucrative investment opportunities. Furthermore, I hold the position of Head of Derivatives, equipped with extensive knowledge and expertise in derivatives, ETFs, and CWs.

 

To document my insights and share personal perspectives, I maintain a private blog where I store valuable information. However, it is essential to acknowledge that the content provided on my blog is solely based on my own opinions and does not carry a guarantee of certainty. Consequently, I cannot assume responsibility for any trading or investing activities carried out based on the information shared. Nonetheless, I wholeheartedly welcome any questions or inquiries you may have. You can contact me via email at thuong.huynhngoc@gmail.com.

 

Thank you for your understanding, and I eagerly anticipate engaging with you on topics concerning investments and finance.

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