HCMC – Thanh Cong Textile Garment Investment Trading JSC (HOSE: TCM) had made VND138.7 billion in after-tax profit in the year to end-May, up 25% year-on-year and achieving nearly half of its full-year profit target.
In May alone, the company recorded VND309.3 billion in revenue, a modest increase of 1% over the same period last year, while its after-tax profit rose 9% year-on-year to VND29.2 billion.
Garments remained the company’s core product category, accounting for 72.7% of monthly revenue, followed by fabric at 20.6% and yarn at 5.4%.
The company attributed part of its revenue growth to the shift among Vietnamese textile firms toward using locally sourced fabric. This trend supports export expansion to the EU and CPTPP markets where preferential tariffs can be leveraged, especially amid mounting challenges in exporting to the U.S. due to rising tariff barriers.
In May, exports to Asia accounted for the largest share of Thanh Cong’s overseas sales at 59.47%, with Japan at 16.53%, South Korea 14.47%, and China 8.25%. The Americas made up 35.4%, led by the U.S. at 19.67% and Canada at 15.57%. Europe accounted for 5.2%, with the U.K. alone representing 4.78%.
Cumulatively for the January–May period, revenue reached VND1.6 trillion, up 7% from the same period last year and equivalent to 36% of the company’s full-year target.
To sustain growth, the company is diversifying its product portfolio, especially in high value-added segments, improve productivity, optimize costs, and strengthen its presence in the domestic market.
Closing the trading session today, June 25, TCM edged up 0.65% to VND31,000, with a trading volume of over 2.5 million shares.
Vietnam’s benchmark VN-Index barely changed on Wednesday despite a strong performance of certain large-cap stocks, as market liquidity declined significantly against the previous session.
At the close, the VN-Index inched down 0.02 point to 1,366.75 points, with 129 advancers and 169 decliners on the Hochiminh Stock Exchange. Trading volume reached over 846.1 million shares worth VND21.6 trillion, down 12.88% in volume and 15.6% in value compared to the previous day. Block deals accounted for 79.2 million shares valued at nearly VND2.64 trillion.
The VN30 basket, which comprises the 30 largest-cap stocks, saw 15 gainers and 11 losers. The VN30-Index rose by 2.5 points to 1,465.36 points. GVR led gains due to strong domestic and foreign demand. It ended 3.9% higher at VND30,800 per share, with nearly 6.6 million shares traded and net foreign buying of 1.4 million shares.
MSN extended its upward momentum, closing at a three-month high of VND70,300, up 1.6%, with nearly eight million shares traded.
In contrast, energy and insurance stocks performed poorly. BVH, GAS, and PLX fell 2.6%, 2.3%, and 2%, respectively. Other bluechips mostly moved within a narrow range of around 1%.
In terms of sectors, the real estate group saw a mild recovery, but industrial real estate stocks stood out with strong gains. Besides GVR, stocks like LHG rose 4.3%, SZC 2.7%, PHR 1.7%, and SIP 1.3%. Mid- and small-cap real estate stocks remained actively traded, with HHV, DXG, and NVL each matching over 10 million shares.
Consumer goods, retail, materials, telecoms, and fisheries sectors posted modest gains.
Energy stocks were the day’s worst performers. Alongside GAS and PLX, stocks such as PVD dropped 1.5% and BSR declined 0.8%.
Bank and securities stocks, despite slight corrections, remained the most actively traded groups. Top five stocks by volume included SHB (64.6 million shares), VND (38.6 million), SSI (25.9 million), VIX, and MBB (both over 20 million). These stocks fluctuated narrowly within 1% either side.
On the Hanoi Stock Exchange, the HNX-Index reversed gains in late trading amid a broadly mixed market. The index moved sideways with a 0.06% decrease, slipping 0.13 point to close at 227.66 points, with 79 stocks rising and 75 others declining. Total matching volume reached 106.5 million shares worth nearly VND1.9 trillion.
