How is Encapital Holdings, owned by CEO Nguyen Hoang Giang, performing?

After surprisingly reporting a loss of VND43 billion in the 2022 fiscal year, Mr. Nguyen Hoang Giang's nearly 4-year-old business - Encapital Holdings - reported a profit of more than VND100 billion last year.

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Encapital Holdings Joint Stock Company has just published periodic information on its financial status to the Hanoi Stock Exchange (HNX).

According to the report, last year Encapital Holdings recorded positive business results, with after-tax profit reaching 103.6 billion VND.

This is the record profit of this enterprise.

Previously, in the fiscal year of 2022, Encapital Holdings reported a net loss of 43 billion VND, while in 2021, it earned a profit of 70.9 billion VND.

Regarding the financial health of the enterprise, as of the end of 2023, Encapital Holdings’ equity was 2,472 billion VND, an increase of 55.4% compared to the beginning of the year (1,590 billion VND). Notably, Encapital Holdings is only a nearly 4-year-old enterprise (from the time of its establishment in May 2020), but its financial capacity has grown remarkably, with the initial capital of this enterprise being only 7.38 billion VND.

In addition, Encapital Holdings’ outstanding payable debt also increased strongly by 17.8% over the past year, to 6,652 billion VND (an increase of more than 1,000 billion VND). Of which, the outstanding bond debt is 247.3 billion VND, a decrease of 13.6% compared to the beginning of the year.

Encapital Holdings reports a profit of over 100 billion VND in 2023.

Previously, in May 2023, Encapital Holdings announced that the enterprise had extended the maturity date of the bond code ECHCH2223001 from May 11, 2023 to May 13, 2024. In addition, the bond lot has its interest rate adjusted from 10.5%/year to 11%/year.

It is known that on May 11, 2022, Encapital Holdings issued a bond with the code ECHCH2223001, with a par value of 130 billion VND, maturing on May 11, 2023.

Previously, on April 4, 2023, Encapital Holdings announced that it had completed a bond issuance with a total value of 120 billion VND. This is a bond lot with the code ECHCH2324001, with an interest rate of 11%/year. This bond lot has a term of 12 months and matures on March 30, 2024. This is a “3-no” bond: non-convertible, non-warrant, and unsecured.

According to data from HNX, Encapital Holdings currently has only one bond lot, ECHCH2223001, with a value of 130 billion VND, which will mature on May 11th.

Encapital Holdings Joint Stock Company was established in May 2020, with its main business sector being consulting management. The enterprise’s head office is located at No. 46 Hang Bai Ward, Hoan Kiem District, Hanoi City.

This enterprise had an initial charter capital of 7.38 billion VND. The shareholder structure includes: Mr. Le Anh Tuan (13.6%), Mr. Hoang Van Hung (3.4%), Mr. Nguyen Hoang Giang (72.9%), Mr. Nguyen Viet Tien (3.4%), Mr. Hoang Minh Chau (3.4%), and Mr. Vu Hoang Viet (3.4%).

Businessman Nguyen Hoang Giang is the largest shareholder and also the Legal Representative and General Director of the company.

Mr. Nguyen Hoang Giang is not a strange name to investors. He has held many high-level positions at VNDirect Securities Joint Stock Company, such as: Member of the Board of Directors, General Director, Head of Business Solution Department, Head of Risk Management Department, Director of Research & Product Development Department, etc.

Currently, Mr. Nguyen Hoang Giang is the Chairman of the Board of Directors of DNSE Securities Company and a member of many enterprises.