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KIEN GIANG TRADING JOINT STOCK COMPANY

Active

Business ID 1700523208

84-297 / 3862 113 / 3962269

KIEN GIANG TRADING JOINT STOCK COMPANY

Active

Business ID 1700523208

84-297 / 3862 113 / 3962269

KIEN GIANG TRADING JOINT STOCK COMPANY

Active

Summary

Name:

KIEN GIANG TRADING JOINT STOCK COMPANY

Business ID (TIN):

1700523208

Date of Registration:

30 Jun 2010

Registered Office:

Kien Giang Province Department of Planning and Investment

Ticker:

KTC

Address:

No. 190, Tran Phu Street, Vinh Thanh Van Ward, Rach Gia City, Kien Giang Province, Vietnam

Phone:

84-297 / 3862 113 / 3962269

Fax:

(84-297) 3866 080

Financial Statement:

2020, 2021, 2022, 2023, 2024

KIEN GIANG TRADING JOINT STOCK COMPANY: Stable Operations, Warning Signs Beneath the Surface

KIEN GIANG TRADING JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN THƯƠNG MẠI KIÊN GIANG), trading under the stock symbol KTC on Vietnam’s UpCOM exchange, is a public company engaged in rice and seafood exports, petroleum trading, and financial investment. With its head office at No. 190, Tran Phu Street, Vinh Thanh Van Ward, Rach Gia City, Kien Giang Province, and operating under Business ID 1700523208, KTC is backed by state-linked entities, most notably the People’s Committee of Kien Giang Province, which holds a 49.04% stake.

From a financial perspective, KTC's performance in 2023 reveals a mixed outlook. While total sales reached USD 230.15 million, the company suffered an 11.94% decline from the previous year. This drop could reflect weakening commodity markets or logistical inefficiencies. However, net profit surged by 44.5% year-over-year, reaching USD 812,973, signaling improved cost management or gains from non-core investments.

Still, deeper analysis reveals key concerns. Working capital stands at negative USD 1.24 million, a red flag that points to short-term liquidity pressure. Despite a relatively modest total asset base of USD 50.94 million, the company’s liabilities may be maturing faster than it can convert inventory or receivables into cash.

Owner's equity has remained largely stagnant, growing only 0.24% to USD 16.45 million, and the net worth of USD 11.81 million suggests thin buffers against market or operational shocks. While the return to profit growth is positive, the absolute scale of profitability relative to revenue—less than 0.4% net margin—indicates limited financial efficiency.

Trends in asset value also deserve scrutiny. From 2021 to 2023, total assets fell by over 6.2%, eroding from USD 54.3 million to USD 50.9 million. This decline could be linked to asset revaluation, depreciation, or underinvestment in growth-driving infrastructure. These indicators are critical for investors and creditors who rely on asset strength for collateral or solvency analysis.

Given the government-related shareholding and state-linked operational history, KIEN GIANG TRADING JOINT STOCK COMPANY maintains a degree of stability and policy-aligned backing. However, such ties do not insulate it from market realities. As a financial analyst, one must highlight that short-term liquidity constraints, declining revenues, and underwhelming equity growth raise caution flags.

To manage these exposures effectively, VANGUARD BUSINESS INFORMATION LLC (VBI) recommends regular financial health monitoring and credit risk assessments for businesses engaging with or investing in KTC. VBI’s in-depth reports can provide the transparency needed to navigate both opportunities and financial risks hidden behind public figures.

In conclusion, while KTC operates across vital export and domestic trade sectors, its balance sheet softness and margin compression demand careful analysis. Recovery in profitability must be weighed against liquidity stress and stagnant equity—a combination that requires continued surveillance through robust financial due diligence.

Legal Profile

English Name:

KIEN GIANG TRADING JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN THƯƠNG MẠI KIÊN GIANG

Short Name:

KTC

Business ID (TIN):

1700523208

Date of Registration:

30 Jun 2010

Registered Office:

Kien Giang Province Department of Planning and Investment

Ticker:

KTC

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN T.T

+ PHAM V.H

+ NGUYEN D.A

+ VO T.H.G

+ TRINH Q.V

+ NGUYEN T.C

+ DANG V.L

+ LE T.T

Address:

No. 190, Tran Phu Street, Vinh Thanh Van Ward, Rach Gia City, Kien Giang Province, Vietnam

Phone:

84-297 / 3862 113 / 3962269

Fax:

(84-297) 3866 080

Branch:

No. 499C, Nguyen Trung Truc Street, Vinh Lac Ward, Rach Gia City, Kien Giang Province, Vietnam

Branch:

Group 2, Quarter 1, Phan Dinh Phung Street, Duong Dong Town, Phu Quoc City, Kien Giang Province, Vietnam

Branch:

Group 8, Tan Thanh Hamlet, Tan Hiep A Commune, Tan Hiep District, Kien Giang Province, Vietnam

Branch:

Group 2, Thanh Tan Hamlet, Thanh Hung Commune, Giong Rieng District, Kien Giang Province, Vietnam

Branch:

Tac Cau Fishing Port Area, Minh Phong Hamlet, Binh An Commune, Chau Thanh District, Kien Giang Province, Vietnam

Branch:

No. 15, Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Representative office:

No. 211/14, Nguyen Trai Street, Nguyen Cu Trinh Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4620 Wholesale of agricultural raw materials (except wood, bamboo) and live animals

NACE:

46.24 Wholesale of agricultural raw materials and live animals

NAICS:

4245 Farm Product Raw Material Merchant Wholesalers

Industry Sales Growth

CAGR (2019 - 2023)

13.11%

YoY (2023)

10.79%

Companies by industry

Company distribution and propportions

27,991

0.9628%

Key Industry Players

Top 10 companies in wholesale of agricultural raw materials (except wood, bamboo) and live animals industry

ha noi tic trading and investment joint stock company cao thang import export joint stock company hoan kiem investment joint stock company tan mai trading, processing and service joint stock company thang hoa joint stock company thinh phat commercial business joint stock company khai anh binh thuan joint stock company cashew organic bissau joint stock company viet phi agriculture joint stock company thang long food investment and processing joint stock company

Payment History

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Financial Performance

Assets	-67.93%
Owner’s Equity	-8.69%
Working Capital	-65.11%
Net Worth	18.96%
Sales	76.34%
Operating income	-13.89%
EBIT	83.04%
Gross Profit Margin	2.33%
Debt to EBITDA	-5.70%

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Company Standard Report

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Negative Payment Records

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Litigation Records; Negative News

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Opinion from Analysts

Specific Questions About KIEN GIANG TRADING JOINT STOCK COMPANY

When did KIEN GIANG TRADING JSC start operating?

KIEN GIANG TRADING JSC was started in 30 Jun 2010

What industry does KIEN GIANG TRADING JSC operate in?

KIEN GIANG TRADING JSC is operating in "Wholesale of agricultural raw materials (except wood, bamboo) and live animals" industry

How can I contact KIEN GIANG TRADING JSC?

KIEN GIANG TRADING JSC phone numbers is 84-297 / 3862 113 / 3962269

What adverse news is there about KIEN GIANG TRADING JSC?

KIEN GIANG TRADING JSC’s has no negative news

What is stock symbol of KIEN GIANG TRADING JSC?

KIEN GIANG TRADING JSC’s stock symbol is KTC

Where is the location of KIEN GIANG TRADING JSC?

KIEN GIANG TRADING JSC is located at No. 190, Tran Phu Street, Vinh Thanh Van Ward, Rach Gia City, Kien Giang Province, Vietnam

What is KIEN GIANG TRADING JSC’s business registration?

KIEN GIANG TRADING JSC business registration is 1700523208

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KIEN GIANG TRADING JOINT STOCK COMPANY

KIEN GIANG TRADING JOINT STOCK COMPANY

KIEN GIANG TRADING JOINT STOCK COMPANY

KIEN GIANG TRADING JOINT STOCK COMPANY: Stable Operations, Warning Signs Beneath the Surface

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KIEN GIANG TRADING JOINT STOCK COMPANY

KIEN GIANG TRADING JOINT STOCK COMPANY

KIEN GIANG TRADING JOINT STOCK COMPANY

KIEN GIANG TRADING JOINT STOCK COMPANY: Stable Operations, Warning Signs Beneath the Surface

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