Société De Bourbon Tay Ninh

Société De Bourbon Tay Ninh (SBT: HOSTC)

Societe De Bourbon Tay Ninh is a Vietnam-based company engaged in the food processing industry. The Company manufactures and trades refined sugar, molasses and other derivative products, as well as manages sugarcane plantation and provides technical services to other sugar manufacturers. It is also involved in thermal electricity generation from coal or sugarcane bagasse, along with the manufacturing of fertilizers and other agricultural supplies. In addition, the Company invests in the development of a commercial complex. During the year ended December 31, 2009, 90.88% of its net revenue came from sale of refined sugar. As of December 31, 2009, the Company was a subsidiary of Groupe Bourbon, and it had one affiliated center engaged in sugarcane research and one affiliated company.

Hung Commune Tan Chau District, Tay Ninh Province
Phone: +84 (66) 375-3250
Fax: +84 (66) 383-9834


SBT08Feb : VietCatalyst Report, Feb 2008.

SBT23Sep09 : Company visit, Horizon Securities, 23 Sep 2009.

SBT28Jun11 : Initiate Coverage, VietCapital Securities, 28 Jun 2011.

SBT3Aug11 : “On fast-track growth”, Sacombank Securities, 3 Aug 2011.

SBT1Nov11 : 3rd Quarter 2011 Earnings Update, Saigon Securities Inc., 1 Nov 2011.

SBT18Jan12 : “Growth driven by cane area expansion”, Kim Eng Securities, 18 Jan 2012.

SBT10Feb12 : “SBT Update: Continued outperformance”, VietCapital Securities, 10 Feb 2012.

SBT27Mar12 : “FY11 results and FY12 outlook”, HCMC Securities, 27 Mar 2012.

SBT28Mar12 : Phu Hung Securities Update 28 Mar 2012.

SBT13Apr12 : “SBT sets conservative 2012 targets”, VietCapital Securities AGM Note, 13 Apr 2012.

SBT18Apr12 : FY 2012 AGM update, Sacombank Securities, 18 Apr 2012.

SBT22Jun12 : “More breathing room in quarters ahead”, Sacombank Securities, 22 Jun 2012.

SBT2Aug12 : “Consumption exceeding expectations”, Sacombank Securities, 2 Aug 2012.

SBT17Aug12 : “Lower 2012 forecast”, Kim Eng Securities, 17 Aug 2012.

SBT19Sep12 : “Cambodia expansion to drive growth”, VietCapital Securities, 19 Sep 2012.

SBT15Oct12 : “The bittersweet year”, Phu Hung Securities, 15 Oct 2012.

SBT9Nov12 : “Right time to buy”, Kim Eng Securities, 9 Nov 2012.

SBT13Nov12 : “Sugar’s a bargain today”, VietCapital Securities, 13 Nov 2012.

SBT13Mar13 : “A surprise provision reversal”, VNDirect Securities, 13 Mar 2013.

SBT25Mar13 : “Slight improvement in 2013’s outlook”, Saigon Securities, 25 Mar 2013.

SBT9Apr13 : “Sugarcane area expansion”, BaoViet Securities, 9 Apr 2013.

SBT21May13 : “Favourable 2013 outlook and long term business model”, Saigon Securities, 21 May 2013.

SBT26Aug13 : “Bitter outlook for 2H2013 and 2014″, Saigon Securities, 26 Aug 2013.

SBT29Nov13 : “Bitter outlook remains for 2014″, Saigon Securities, 29 Nov 2013.

SBT2Jan14 : “Revenue up, profit down”, BaoViet Securities, 2 Jan 2014.

SBT15Mar14 : “Another bitter year for the sugar industry”, Saigon Securities, 15 Mar 2014.

SBT16May14 : “High inventory, lower selling prices”, BaoViet Securiites, 16 May 2014.

SBT17Jul14 : Initiate Coverage, FPT Securities, 17 Jul 2014.


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