HCMC – HCMC Infrastructure Investment JSC, which trades its CII shares on the Hochiminh Stock Exchange, has raised its charter capital to nearly VND3.2 trillion through a bond-to-share conversion.
The company has issued 974,300 shares to convert 9,734 bonds under the CII42014 bond lot in its eighth round of bond conversion. The move increased its charter capital from about VND3.19 trillion to VND3.2 trillion.
In October, CII issued bonds worth VND300 billion with a 36-month term. The bonds carry a floating interest rate, at 4.85% plus the average 12-month deposit rate of four banks: Military Bank, VPBank, ACB, and Techcombank.
As of September 30, the company’s total debt had picked up by 17% from the start of the year to VND22.1 trillion, equivalent to 235% of its equity. Short-term debt accounted for VND4.27 trillion, while long-term loans and convertible bonds totaled VND17.83 trillion.
In the third quarter, CII recorded revenue of VND706.6 billion, down by 3.5% from a year earlier. Its net profit dropped by 0.8% to VND95.5 billion.
In the first nine months of 2024, its revenue dipped by 1.7% year-on-year to VND2.28 trillion, while net profit rose sharply to VND539 billion, up by 151.7% from the same period last year.
Closing the trading session today, November 29, CII edged down by 0.7% to VND14,100 per share, with a trading volume of nearly 1.3 million shares.
With 222 winners and 147 losers, the VN-Index gained 8.35 points, or 0.67%, to 1,250.46 points on Friday, its highest level in two weeks. The rise was driven by the strong performance of FPT.
FPT rose by 3.52% to a record high of VND144,300 per share, contributing 1.8 points to the main index. The stock has climbed 71.5% since the start of 2024. Trading volume for FPT reached 11.6 million shares, the highest in more than five months. Foreign investors bought a net VND240 billion worth of the stock, marking their fourth consecutive session of net buying.
The VN30-Index, which tracks the 30 largest-cap stocks, added 9.74 points to 1,311.26 points, supported by increases in BVH, BID, HPG, MSN, and SAB. BVH hit its ceiling price of VND47,500, while BID improved 1.41% to its intraday high.
Vingroup-family stocks VHM, VRE, and VIC declined by around 0.5%. Other real estate stocks saw slight losses, with DIG, KBC, and NVL slipping more than 0.1%.
Securities broker VIX took the lead by liquidity, with more than 15.9 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index increased 1.07 points, or 0.48%, to 224.64 points, with 78 advancers and 58 decliners. Trading volume on the northern exchange reached 43 million shares valued at VND757 billion.
