(Investment Stock) Director of Business Development and Investment Relations at FIT is very familiar with the character of securities, especially those who pay attention to activities or FPT, Red River Holdings, Everpia … last time . And, at FIT, he changed his role from the investor representatives to represent businesses with huge of ambitious.
Assumed the position of Director of Business Development and Investment Relations of FIT (FIT code), Mr. Jean Charles Belliol said that it needs a lot of efforts on investor relations to make FIT shares can reflect the real value of the company. According to him, despite the growth potential is still very large, but in the context of the FIT has grown too fast, and very few listed companies can do that, then the market is still concerned is very easy to understand.
Being as chief representative of Tri Tin International, advisor to the Red River, then in charge of VIBank FDI customer, reasons why you joined FIT?
From 07/01/2016, I joined FIT in the role of Business Development and investor relations Director. For me, this is an important point in my work, because after a period of accumulation of experience in banking and investment, I want this as an opportunity to use that experience to develop enterprise.
With 15 years working in both Hanoi and HCMC, I am confident that I understand quite clearly the business environment here. At the same time, the process involved in the Board of Management of listed companies also helped me to better grasp the principles of corporate governance. From here, I am aware of what the investor wants in the public company, particularly the issues related to transparency, quality of content and information as well as monitoring corporate governance.
And the reason why is FIT without another business, there are many reasons. Firstly, I would have said senior leaders of the FIT for a while, and I was very impressed with the great things they have done in the past few years to change FIT from a small investment consulting firm to become a leading investment company engaged both a corporation investing in the production areas with the goal of improving the quality of life and serve the growing needs of the people of Vietnam. Second, I believe that FIT is in the early stages of the journey of great growth ahead, it motivated me to become a part of the company, to participate in promoting the success of it.
Do you think what are the advantages of FIT?
I have come across many businesses, and I think that is, FIT has 3 outstanding features.
The first is the human factor. FIT has great leaders, with strength and spirit, sticking with the company. To promote long-term development of the Group, we draw on a lot of new talent, while ensuring the preservation of the culture of the company.
Secondly, FIT has very clear objectives, providing products to improve the quality of life for the growing needs of the people. This is why the Group invests in various fields such as health care, agriculture, food and beverages, personal care and cosmetics …. We are also studying investments in the real estate sector and distribution. The Group will develop in the second direction and autologous growth through M & A.This is the right strategy but the implementation strategy correctly is also a key factor to the success, and I believe I can contribute to the process of accomplishing that goal.
Thirdly FIT has a very good financial situation and healthy. The Group is very little use of debt capital, not only in the parent company but also at its subsidiaries. So FIT has many geographical balance in the use of financial instruments to serve the goals of growth in all parts.
In fact, shares of FIT was traded at quite meager. What is the reason?
Honestly, I believe that FIT being valued under fair value of the Company. I have a simple calculation like this.
At today (19/7), FIT shares valuable at 7,500 / share, while the book value as at 31.03.2016 is 11, 911 VND, equivalent to 37% discount. At the same time, also on 19/7, capitalization of 2 subsidiaries of DCL (code DCL) and TSC respectively 1207 and 915 billion VND dong. FIT owns 60.89% and 56.69 respectively% of the charter capital of this company. Thus, two separate caps here’s investments amounted to over 1,253 FIT billion while the capitalization of the FIT is 1,452 billion. Also, FIT also has net value (including cash and cash equivalents after subtracting payable) worth 633 billion.
Do you think that the market is wrong?
No, I believe that the market is always right. FIT has problems that need to be solved in order to raise the value of its market capitalizationup.
First is active relations with investors. FIT need professional activity, more active in organizing regular meetings with shareholders, investors, sent a letter to investors both in Vietnamese and English and organized the meeting, Assembly … company website should also be changed.
Second, FIT grow too fast, and there are very few listed companies may do so. Therefore, we need to let the market, especially foreign investors see the power of FIT, and why investing in FIT.
I concurrently as director of investor relations, with a mission to put the work of investor relations of the company step by step with international standards for best practices. I know that I have the support and consensus of the entire Board of Directors of the Company to do so.
I have worked many years in the field of investment, there are many good relationship, and I know exactly what you want, investor expectations are. I believe that in the near future, we can contribute to improving the reputation of FIT in the market and thus the company capitalization.
Finally, I want to share with you one of our activities in the coming period is to build investor club. In fact, there are over 4,500 FIT shareholders, mostly individual investors, and we want to build a relationship with them, especially those investors with a long term member of FIT club can visit the factories of the Group, attended the meeting held in Hanoi, Ho Chi Minh City and can Tho.
FIT produce a lot of products, and we probably will consider discount for products produced by the Group to its shareholders, ie through online sales channels.
