Why is CIC39 Corp. ?
1
Positive results in Sep 25
- DEBTORS TURNOVER RATIO(HY) Highest at 6.36 times
- RAW MATERIAL COST(Y) Fallen by -30.64% (YoY)
- DEBT-EQUITY RATIO (HY) Lowest at 5.09 %
2
With ROE of 0.64%, it has a fair valuation with a 0.55 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -40.71%, its profits have risen by 279.1% ; the PEG ratio of the company is 0.3
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -40.71% returns in the last 1 year, the stock has also underperformed Vietnam VN Ho Chi Minh Index in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to CIC39 Corp. should be less than 10%
- Overall Portfolio exposure to Building Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Building Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is CIC39 Corp. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
CIC39 Corp.
-1.67%
-0.58
59.41%
Vietnam VN Ho Chi Minh Index
16.45%
1.90
22.90%
Quality key factors
Factor
Value
Sales Growth (5y)
0.52%
EBIT Growth (5y)
-11.51%
EBIT to Interest (avg)
1.64
Debt to EBITDA (avg)
2.01
Net Debt to Equity (avg)
0.13
Sales to Capital Employed (avg)
0.75
Tax Ratio
1.15%
Dividend Payout Ratio
17.19%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
3.12%
ROE (avg)
6.59%
Valuation Key Factors 
Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
0.79
EV to EBIT
14.07
EV to EBITDA
10.29
EV to Capital Employed
0.80
EV to Sales
0.86
PEG Ratio
0.17
Dividend Yield
NA
ROCE (Latest)
5.71%
ROE (Latest)
8.27%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bullish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Technical Movement
20What is working for the Company
NET SALES(HY)
At VND 318,844.63 MM has Grown at 41.53%
NET PROFIT(HY)
Higher at VND 41,205.62 MM
ROCE(HY)
Highest at 8.55%
DEBTORS TURNOVER RATIO(HY)
Highest at 9.43 times
-4What is not working for the Company
NET SALES(Q)
At VND 98,887.53 MM has Fallen at -27.67%
RAW MATERIAL COST(Y)
Grown by 16.59% (YoY
Here's what is working for CIC39 Corp.
Net Profit
At VND 41,205.62 MM has Grown at 539.46%
Year on Year (YoY)MOJO Watch
Net Profit trend is very positive
Net Profit (VND MM)
Net Profit
Higher at VND 41,205.62 MM
than preceding 12 month period ended Mar 2026MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (VND MM)
Debtors Turnover Ratio
Highest at 9.43 times and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Here's what is not working for CIC39 Corp.
Net Sales
At VND 98,887.53 MM has Fallen at -27.67%
over average net sales of the previous four periods of VND 136,708.23 MMMOJO Watch
Near term sales trend is extremely negative
Net Sales (VND MM)
Raw Material Cost
Grown by 16.59% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






