A Journey of Growth with a Solid Foundation
RYG Joint Stock Company (RYG) is a leading manufacturer of ceramic tiles in Vietnam. Established in 2009, the company has successfully solidified its position in the industry over the past 15 years, achieving remarkable progress.
As of Q3 2024, the company’s chartered capital reached VND 450 billion, with total assets amounting to VND 2,223 billion. RYG operates a factory with four production lines, a capacity of 13 million m²/year, and a vast distribution network comprising over 100 distributors and 3,000 agents nationwide.
The superior quality and aesthetic appeal of RYG’s ceramic tile products have enabled the company to successfully penetrate international markets, establishing a strong presence on the global ceramic tile map. RYG’s products are currently available in 14 countries, including demanding markets such as the US, Europe, and Japan.
These achievements stand as a testament to RYG’s exceptional competitive capabilities, bringing the company closer to its goal of becoming one of Vietnam’s leading ceramic tile exporters.
Sintered Stone: A Strategic Move into the Premium Segment
In 2023, RYG made a strategic decision to invest in a large-format sintered stone porcelain tile manufacturing plant, incorporating modern technology from Sacmi, Italy. With an expected capacity of 3 million m2/year, the plant is anticipated to commence operations in early 2025.
Sacmi is known for providing manufacturing technology to renowned brands in the ceramic tile industry, including Cerámica Mayor, Porcelanosa, and Anatolia. The introduction of sintered stone products is expected to become a strategic offering, enabling RYG to reposition its brand, increase market share in the premium segment, and take a significant step forward in its journey to becoming a leading regional manufacturer.
This product line not only targets international markets with stringent requirements but also offers attractive profit margins, providing a solid foundation to drive revenue and profit growth. It marks an important evolution for RYG in enhancing product value and directly competing with international brands.
Royal’s Porcelain 4.0 (large-size) sintered stone tile at Wall Coverings 2024. Source: ROYAL
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Expanding Global Reach, Elevating Status
In recent years, RYG has been actively expanding its international markets, with export revenue accounting for 20% of its total revenue in 2023, a significant increase from 13% in 2022. Over the next three years, the company has set strategic goals, including increasing the proportion of export revenue to 70%, focusing on the US, European, and Middle Eastern markets, enhancing environmentally friendly product development, and establishing a strong brand presence in the premium segment to compete directly with international competitors.
Despite challenges in the construction materials industry, RYG maintained positive performance in the first nine months of 2024, achieving VND 1,162 billion in revenue, a 28.6% increase compared to the same period last year, and posting an after-tax profit of VND 64 billion, a 26.4% rise. The company’s debt-to-equity ratio remains at a safe level, ensuring a stable financial foundation.
Listing on HOSE: A Strategic Milestone
On October 31, 2024, RYG received approval to list 45 million shares on the HOSE, corresponding to a chartered capital of VND 450 billion. This significant milestone not only enhances the company’s position in the financial market but also opens up vast opportunities to strengthen its global competitiveness.
With a solid foundation, experienced leadership, and strategic vision, RYG is poised for a breakthrough, cementing its status in the ceramic tile industry in Vietnam and internationally. Investors can anticipate sustainable growth potential and groundbreaking advancements from RYG in the future.
The Young Investor Challenge: Unveiling the Talent of Vietnam’s Next-Gen Traders
The RongViet Invest 2024 Stock Knowledge and Investment Competition has crowned its champions in both the Individual and Team categories. Impressively, the winners hailed from the Banking Academy (BAV) and the Pacific University (TBD), respectively. This thrilling contest, organized by Rong Viet Securities Corporation in collaboration with 24 prestigious universities, colleges, and academies nationwide, has concluded on a high note. It served as a platform for young investors to showcase their prowess and innovative approaches to investing, leaving a lasting impression on the industry.
The Global Ambition of RYG: A Promising Newcomer on the HOSE Floor
With a robust foundation, experienced leadership, and strategic vision, RYG is poised to soar and cement its position in the tile industry, both in Vietnam and on the global stage.
The Alluring Apple Offer: $100 Million Rejected by an ASEAN Nation, Deemed “Unfair” as Vietnam Secures $15 Billion
Indonesia last week rejected Apple’s $100 million investment proposal, stating that the offer did not meet the principles of “fairness.”
Young Investors Showcase Their Mettle at the 2024 RongViet Invest Competition
The RongViet Invest 2024 Stock Knowledge and Investment Competition has crowned its champions in both the Individual and Team categories. The winners are, respectively, a student from the Banking Academy of Vietnam (BAV) and a team from the Pacific University (TBD). This exciting competition was organized by Rong Viet Securities JSC in collaboration with 24 universities, colleges, and academies nationwide.
Unleashing Investment Opportunities: MBS and Dragon Capital Join Forces
On November 28, 2024, MB Securities Joint Stock Company (MBS) and Dragon Capital Vietnam Fund Management Joint Stock Company (DCVFM) signed a cooperation agreement at MBS’ headquarters.
