HCMC — Ba Ria-Vung Tau House Development JSC (Hodeco) plans to issue bonds worth VND500 billion via private placement in the third quarter of this year.
The bonds will be in Vietnamese dong, non-convertible, asset-backed, and carry a mix of fixed and floating interest rates. They will be sold in two tranches, the company said.
Hodeco earlier approved a separate plan to issue nearly five million convertible bonds worth VND500 billion to existing shareholders. These bonds, coded HDC425001, will be converted into common shares in two phases: 40% after one year and the rest at maturity.
In the first half of 2025, Hodeco reported revenue of VND179.2 billion, down 30.2% from a year earlier, but net profit rose 39% to VND71.77 billion.
As of June 30, the company held VND19.08 billion in cash and had total debt of VND1.43 trillion, equal to 61% of equity. Short-term debt stood at VND1.12 trillion, while long-term debt was VND312.3 billion.
Hodeco looks to obtain VND1.65 trillion in revenue and VND424 billion in net profit in 2025. In the first six months of the year, the company achieved just 16.9% of its full-year profit target.
Closing the trading session today, August 20, the firm’s HDC shares dropped 5.54% to VND36,650, with a trading volume of over 8.8 million shares.
Vietnam’s benchmark VN-Index climbed 10.16 points, or 0.61%, to close at 1,664.36 points, fueled by strong gains in Vingroup-related and banking stocks.
Trading volume reached 2.41 billion shares worth VND68.1 trillion, up 25% in both volume and value over the previous session. Block deals accounted for 135.6 million shares valued at VND4.2 trillion.
The rally was led by Vingroup-related stocks, with VHM jumping 5.43% to VND99,000 and VIC rising 5.08% to VND124,200, contributing over 10 points to the index. VRE edged up 0.17% to VND30,000.
Banking stocks were another driver. VPB, LPB, and VIB all hit their daily upper limits, closing at VND36,550, VND21,900, and VND45,750, respectively. SHB remained the most actively traded ticker with 162.6 million shares changing hands. Other lenders, including SSB, TCB, and CT,G also posted strong gains, adding a combined 11 points to the VN-Index.
Outside banking and real estate, oil refiner BSR surged to its ceiling price of VND29,700 on a matching volume of 60 million shares. Industrial park developer KBC also hit the ceiling at VND40,100.
Meanwhile, some banks lost ground. HDB, TPB, and EIB each fell more than 2%, while VCB, ACB, and MBB edged lower.
Securities stocks showed mixed results. VDS gained 6.73% to VND23,800 and BSI advanced 5.75% to VND57,000, while VND, HCM, and AGR dropped over 2%.
On the Hanoi Stock Exchange, the HNX-Index fell 2.72 points, or 0.95% or, to 283.73 points, with 50 advancers against 129 decliners. Stock trade reached 220.4 million shares worth nearly VND5 trillion.
