HCMC – Kinh Bac City Development Holding Corporation (HOSE: KBC) looks to increase its profit sevenfold this year, driven by a major expansion in industrial land leases.
KBC aims to lease more than 200 hectares of industrial land across multiple sites, including Nam Son Hap Linh Industrial Park, Tan Phu Trung Industrial Park, Hung Yen industrial cluster, and Trang Due 3 Industrial Park. The company expects these leases to be a key revenue driver.
KBC has set a 2025 revenue target of VND10 trillion and a net profit of VND3.2 trillion, which are threefold and sevenfold higher than its 2024 performance, respectively.
The company’s board of directors has scheduled an extraordinary general meeting of shareholders for March 6 at its headquarters in Bac Ninh Province. Shareholders can attend in person or vote online. The meeting will focus on approving business plans for the year amid economic uncertainty.
The company cited risks from global geopolitical tensions and trade fluctuations, noting that Vietnam’s reliance on international trade makes it sensitive to U.S. policy changes. However, KBC expects Vietnam’s economic outlook to improve, particularly in foreign direct investment (FDI) inflows.
KBC said its projections are backed by regulatory approvals and investment commitments. Nam Son Hap Linh and Hung Yen industrial projects have secured leasing agreements. Revenue is also expected from social housing projects in Nenh Township and Trang Due Urban Area.
Trang Cat Urban Area has cleared key legal hurdles and is advancing infrastructure investment, with sales expected to begin in 2025. Meanwhile, Loc Giang Industrial Park in Long An, spanning 466 hectares, has completed compensation for 110 hectares and is moving forward with infrastructure development.
In early 2025, several large projects received investment approval, including the 652.7-hectare Trang Due 3 Industrial Park, the 585-hectare Trang Cat Urban and Service Area in Haiphong, and the first phase of the 235-hectare Kim Thanh 2 Industrial Park in Hai Duong Province.
KBC said infrastructure work will begin early in the year to accelerate business operations and boost financial performance.
Closing the trading session today, February 14, KBC inched up 2.6% to VND29,550, with a trading volume of over 8.1 million shares.
Vietnam’s benchmark index rose on Friday but failed to hold above the 1,280-point mark as blue-chip stocks performed poorly, eroding gains in some mid- and small-cap bank stocks and other gainers such as EVF and HVN.
The VN-Index edged up 5.73 points, or 0.45%, to 1,276.08 points, with 275 winners and 183 losers. Stock trade improved 27% in volume and 26.6% in value over the previous session, with 650 million shares worth VND14.86 trillion changing hands. Block deals accounted for 37.76 million shares valued at VND943.2 billion.
The banking sector had a mixed impact on the index. CTG, STB, LPB, and MBB fell below their reference prices, limiting the market’s upside, while BID gained 1.6%, providing some support.
Securities stocks lost momentum in the afternoon session. HCM, VCI, and VIX rose just over 1%, while SSI, VND, ORS, and FTS edged up around 0.5%.
The VN30 basket, which groups the 30 largest-cap stocks, saw 16 advancers and eight decliners. The VN30-Index added 2.74 points, or 0.2%, to 1,340.52 points.
Amid the broader market’s uncertainty, EVF hit its ceiling price of VND10,250 on a volume of nearly 18.2 million shares. Foreign investors net bought 1.8 million EVF shares.
HVN also shot up to its daily upper limit, ending at VND29,150. Its trading volume surged to 5.25 million shares, nearly five times its 10-day average.
The HNX-Index gained 1.7 points, or 0.74%, to 231.22 points, with 104 gainers and 65 losers. Trading volume reached 68.5 million shares valued at VND1.08 trillion.
