HCMC – HCMC Infrastructure Investment JSC, which trades its CII shares on the Hochiminh Stock Exchange, plans to raise VND108 billion from a bond issue through private placement.
This move follows its successful October bond issue, which raised VND300 billion. The new bonds come with a term of 36 months.
The company’s previous bond issue, also with a 36-month tenor, carried a floating coupon rate, which is calculated by adding 4.85% to the average 12-month deposit rate of four banks: Military Bank, VPBank, ACB, and Techcombank.
In the year to September 30, 2024, CII’s total debt had increased by 17% to VND22.1 trillion, with the debt-to-equity ratio at 235%.
The firm’s short-term debt stands at VND4.27 trillion, while long-term debt and convertible bonds amount to VND17.83 trillion.
In the third quarter, CII reported VND706.6 billion in revenue, down by 3.5% year-on-year. Net profit dropped by 0.8% to VND95.5 billion.
In the first nine months of this year, its revenue dropped by 1.7% to VND2.28 trillion over the same period last year, while net profit rocketed by 151.7% to VND539 billion.
Closing the trading session today, November 6, CII inched up by 1.34% to VND15,100 per share, with a matching volume of nearly 2.2 million shares.
Vietnam’s benchmark VN-Index jumped 1.25% on Wednesday, closing up 15.52 points at 1,261.28, with 312 stocks advancing and 61 others declining.
Trading volume surged to over 566.9 million shares valued at VND14.18 trillion, rising 36.15% and 29.16% over the previous session, respectively. Block deals accounted for 64.3 million shares worth VND2.08 trillion.
The VN30-Index, which tracks the 30 largest-cap stocks on the southern exchange, added over 16 points, with 29 bluechips gaining.
Industrial real estate stocks performed well, with GVR and BCM rising 5.1% and 2.4%, respectively. Most bank stocks gained, with CTG and TPB up by 2.4%, while STB and TCB rose by 1.9%. VPB saw the highest trading volume among banks, up by 0.8% with 16.25 million shares traded.
Securities stocks also advanced, supported by positive market trends. VND, VCI, CTS, and ORS each rose by more than 2%, while VIX led the sector in volume with over 15 million shares traded, closing up by 1.9% to VND10,800.
Steel stocks gained, with HPG up by 1.7% to VND26,950 per share, trading close to 21 million units, the highest on the southern market. NKG and HSG edged up by 2.1% and 1.7%, respectively.
Real estate stocks also strengthened, with DXG reversing losses to end 0.9% higher, and VIC, KDH, and VHM all posting gains.
The rally was supported by gains across key sectors, including transportation, consumer goods, and insurance, marking the strongest market session since mid-September.
On the Hanoi Stock Exchange, the HNX-Index added 2.91 points, or 1.29%, to close at 227.76 points, with 115 winners and 36 losers. Total trading volume reached 41.2 million shares worth VND945.85 billion.
