BAMBOO CAPITAL GROUP JOINT STOCK COMPANY

BAMBOO CAPITAL GROUP JOINT STOCK COMPANY (Công Ty Cổ Phần Tập Đoàn Bamboo Capital) is a publicly held joint stock company, established on November 7, 2011, and registered with the Ho Chi Minh City Department of Planning and Investment under Business ID 0311315789. Headquartered at No. 27C Quoc Huong Street, Thao Dien Ward, Thu Duc City, Ho Chi Minh City, the company is listed on the HOSE exchange under the ticker symbol BCG.

As of the end of 2023, BAMBOO CAPITAL GROUP JOINT STOCK COMPANY reported total assets of USD 1.73 billion, slightly down 4.18% from 2022. Sales also decreased to USD 164.83 million, reflecting an 11.45% drop compared to the previous year. Most concerning is the company’s net profit, which plunged nearly 70% to just USD 7.03 million, despite a substantial increase in equity. Owner’s equity grew by over 26%, reaching USD 717.63 million—likely due to capital injections or retained earnings from prior years.

The firm’s working capital remained strong at over USD 303 million, offering liquidity stability. However, the severe fall in profitability raises concerns about rising operating costs or underperforming investments, especially for a company that identifies as a multidisciplinary investor. In 2021, Bamboo Capital earned over USD 41 million in profit, which declined to USD 23.28 million in 2022 and then dropped further in 2023. This consistent downward trend in earnings suggests that internal restructuring or financial discipline may be required.

Led by Chairman Nguyen H. N. and General Director Nguyen T. L., the company operates across various sectors including construction, energy, agriculture, IT services, and mining. Such diversification may offer resilience but also poses risks of overstretching resources and management focus.

Given the symbolic strength of its name, BAMBOO CAPITAL GROUP JOINT STOCK COMPANY must demonstrate that it can bend without breaking. For stakeholders, the decline in earnings amid stable assets and strong equity should prompt a close review of the company’s cost structure, investment portfolio, and return on capital in upcoming quarters.