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Wednesday, October 4, 2023

PHC boasts workload at airport terminal construction contract

The Saigon Times

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HCMC – Phuc Hung Holdings Construction JSC, a member of the Vietur consortium that won the contract to build the terminal at Long Thanh Airport, has put the value of the construction work it is undertaking there at VND1.5 trillion.

The Vietur Consortium has secured the bid of package 5.10, which is part of the first-phase development of the Long Thanh International Airport project and is worth over VND35.8 trillion.

The consortium is the EPC contractor for the passenger terminal of the airport in the southern province of Dong Nai.

The construction of the Long Thanh International Airport phase one is scheduled to be completed in 39 months.

Despite the huge workload that promises a high revenue, Phuc Hung saw its PHC shares stay at the reference price of VND10,250 per share at the close today, August 31, with more than one million shares changing hands.

The number of winners tripled that of losers by 376 to 125 on the Hochiminh Stock Exchange, sending the VN-Index up 10.89 points, or 0.9% higher than Wednesday’s close, to reach 1,224.05 points.

Trading improved by 4% in volume to 945.4 million shares and 2% in value to VND21.3 trillion. Block deals contributed more than VND1.4 trillion to the overall value, with 58.3 million shares changing hands.

The VN30 basket saw advancers outnumbering decliners by 23 to 3. The VN30-Index added 8.97 points to close at 1,234.53 points.

Among the bluechips, GVR stood out with a 5.6% surge, closing at VND21,850 per share and a trading volume of six million units.

HDB, MSN, and VRE also performed well, rising by 3.1%, 2.4%, and 2% to VND16,850, VND81,500, and VND30,300 per share, respectively.

VJC, CTG, TCB, HPG, SHB, BID, and VIB also posted gains ranging from 1.1% to 1.8%. Meanwhile, SAB, GAS and SSI experienced minor declines from 0.3% to 1.1%.

Various sectors witnessed active trading, notably logistics, real estate, and the fashion industry. In the fashion sector, GIL shot up to its daily upper limit of VND31,550 per share, TCM jumped by 4.1% to VND49,600 per share, and ADS rose by 3.3% to VND15,500 per share.

The logistics sector showcased GMD with a 6.8% increase to VND62,700, followed by HAH at VND34,700 and DVP at VND62,400, each gaining 4.9%.

Among real estate and construction stocks, QCG and HPX hit their ceiling prices at VND12,500 and VND6,830, respectively. Other strong performers included VRC, GEX, VCG, VPH, PC1, HDG and CRE, with each posting gains ranging from 4.1% to 5.8%.

Housing developer NVL took the lead by liquidity for the third straight session, with a matching volume of 36.6 million shares.

On the Hanoi Stock Exchange, the HNX-Index improved by 0.72%, gaining 1.79 points to reach 249.75 points. Trading volume on the northern bourse exceeded 94.7 million shares valued at over VND1.9 trillion.

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