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Thursday, July 25, 2024

PTSC to raise charter capital to VND17 trillion by 2030

The Saigon Times

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HCMC – PetroVietnam Technical Services Corporation (PTSC) has plans to raise its charter capital to around VND16-17 trillion by 2030.

This is one of several scenarios being prepared for approval by relevant authorities and stakeholders.

The proposal was discussed at PTSC’s annual general meeting held today, June 17. It also disclosed a consolidated revenue target of VND15.5 trillion and a net profit goal of VND660 billion for 2024. These targets represent respective decreases of nearly 29% and 38% versus 2023.

Le Manh Cuong, general director of the firm, said that PTSC will focus on developing new products and services in 2024. The company aims to make the most of resources within the value chain of Vietnam Oil and Gas Group.

PTSC will also continue to invest in offshore renewable energy projects, including wind and tidal energy, aligning with its current capabilities and experience.

Closing the trading session today, its PVS shares inched up by 1.16% to VND43,600 per share, with a trading volume of 3.3 million shares.

The VN-Index rose by 4.73 points, or 0.37%, to 1,279.5 points on Tuesday, with 269 winners and 151 losers on the Hochiminh Stock Exchange.

Stock trade declined further, by 10% in volume and 2% in value over the previous session, with 805.2 million shares worth VND22.51 trillion changing hands. Block deals totaled 172 million shares valued at VND5.03 trillion.

There were 14 advancers and eight decliners within the VN30 basket, which groups the 30 largest-cap stocks. The VN30-Index moved sideways, edging up by 0.01% to 1,309.89 points.

POW soared to its daily upper limit of VND14,900 per share. It was the most actively traded stock on the southern bourse with over 36.6 million shares changing hands.

Electric sector stocks like TTE, TEG and HNA reached their ceiling prices. Many others saw increases between 2.35 and 4.7%.

PLX advanced by 2.8% to VND41,000 per share, and BVH increased by 2.5% to VND45,400 per share. BCM, SSB and GVR added just over 1%.

On the downside, CTG was the only stock to fall more than 1%. HPG, VJC, VRE, SHB, FPT and VPB saw slight declines. VPB recorded the second-highest liquidity after POW, with over 35.2 million shares transacted.

The HNX-Index of the Hanoi Stock Exchange gained 1.27 points, or 0.52%, to 244.43 points, with 106 stocks advancing and 71 others dipping.

The total matched volume on the northern market was over 51.9 million shares worth VND1.09 trillion.

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