Why is SaiGon Fishing Net JSC ?
1
The company declared very negative results in Mar'26 after flat results in Dec'25
- INTEREST(HY) At VND 1,107.6 MM has Grown at 2,347,504.8%
- OPERATING CASH FLOW(Y) Lowest at VND 3,478.76 MM
- DEBT-EQUITY RATIO (HY) Highest at 2.97 %
2
Underperformed the market in the last 1 year
- The stock has generated a return of 3.95% in the last 1 year, much lower than market (Vietnam VN Ho Chi Minh Index) returns of 38.87%
How much should you hold?
- Overall Portfolio exposure to SaiGon Fishing Net JSC should be less than 10%
- Overall Portfolio exposure to Garments & Apparels should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Garments & Apparels)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is SaiGon Fishing Net JSC for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
SaiGon Fishing Net JSC
3.95%
-0.04
58.03%
Vietnam VN Ho Chi Minh Index
38.87%
1.81
21.48%
Quality key factors
Factor
Value
Sales Growth (5y)
-0.63%
EBIT Growth (5y)
-5.26%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.23
Sales to Capital Employed (avg)
1.91
Tax Ratio
20.57%
Dividend Payout Ratio
14.39%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
31.77%
ROE (avg)
16.44%
Valuation Key Factors 
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
NA
EV to EBIT
-1.13
EV to EBITDA
-0.97
EV to Capital Employed
-0.18
EV to Sales
-0.09
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
12.63%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
Bearish
No Signal
Bollinger Bands
Sideways
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
3What is working for the Company
ROCE(HY)
Highest at 12.23%
RAW MATERIAL COST(Y)
Fallen by -6.66% (YoY
-25What is not working for the Company
INTEREST(HY)
At VND 1,107.6 MM has Grown at 2,347,504.8%
OPERATING CASH FLOW(Y)
Lowest at VND 3,478.76 MM
DEBT-EQUITY RATIO
(HY)
Highest at 2.97 %
NET SALES(Q)
Lowest at VND 33,380.36 MM
PRE-TAX PROFIT(Q)
Lowest at VND 1,784.85 MM
NET PROFIT(Q)
Lowest at VND 1,409.77 MM
EPS(Q)
Lowest at VND 492.21
Here's what is working for SaiGon Fishing Net JSC
Raw Material Cost
Fallen by -6.66% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for SaiGon Fishing Net JSC
Interest
At VND 1,107.6 MM has Grown at 2,347,504.8%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (VND MM)
Pre-Tax Profit
At VND 1,784.85 MM has Fallen at -49.07%
over average net sales of the previous four periods of VND 3,504.81 MMMOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (VND MM)
Net Profit
At VND 1,409.77 MM has Fallen at -47.15%
over average net sales of the previous four periods of VND 2,667.52 MMMOJO Watch
Near term Net Profit trend is very negative
Net Profit (VND MM)
Net Sales
At VND 33,380.36 MM has Fallen at -10.16%
over average net sales of the previous four periods of VND 37,157.32 MMMOJO Watch
Near term sales trend is very negative
Net Sales (VND MM)
Operating Cash Flow
Lowest at VND 3,478.76 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (VND MM)
Net Sales
Lowest at VND 33,380.36 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (VND MM)
Pre-Tax Profit
Lowest at VND 1,784.85 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (VND MM)
Net Profit
Lowest at VND 1,409.77 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (VND MM)
EPS
Lowest at VND 492.21
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (VND)
Debt-Equity Ratio
Highest at 2.97 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio






