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Wednesday, October 5, 2022

Shares of Deo Ca Group’s subsidiary debut on HoSE

The Saigon Times

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HCMC – Deo Ca Traffic Infrastructure Investment JSC, a subsidiary of Deo Ca Group, today, January 20, listed more than 267 million shares on the Hochiminh Stock Exchange (HoSE) under the code HHV.

With a reference price of VND25,660 per HHV share and a margin of 20%, Deo Ca Traffic Infrastructure Investment’s market capitalization was estimated at nearly VND6.9 trillion.

Speaking at the listing ceremony, Ho Minh Hoang, chairman of Deo Ca Traffic Infrastructure Investment JSC, said the listing on HoSE was an important landmark proving the company’s prestige and transparent governance and opening up opportunities for the company to attract domestic and foreign investment to develop major traffic infrastructure projects, contributing to the country’s socioeconomic development.

In the 2021-2025 period, the company will focus on the road traffic infrastructure sector with four main activities: investment, construction, management and operation of road traffic infrastructure facilities, and development of real estate projects and services in association with expressways.

HHV is a leading firm in developing traffic infrastructure projects under the public-private partnership model. It has invested nearly VND50 trillion in such projects. HHV is also experienced in managing and operating tunnels and expressways.

In 2021, HHV earned some VND1.8 trillion in revenue and nearly VND300 billion in after-tax profit, surging 53% and 68% over 2020.

All HHV shares were stopped from being traded on the Unlisted Public Company Market (UPCoM) from January 6.

Today, HHV closed its first session on HoSE at VND27,750.

On the bourse, the VN-Index picked up 22.51 points, or 1.56%, at 1,465.3 points with 109 falling stocks and 368 rising ones, including 72 stocks hitting their daily ceiling prices.

More than 785.76 million shares worth over VND22.4 trillion were traded, up 23% in volume but down 2% in value over the session earlier. Of the total, over 23.3 million shares valued at nearly VND1.2 trillion were traded in block deals.

On the northern bourse, winners outnumbered losers by 193 to 60, so the HNX-Index added 2.49 points, or 0.61%, at 411.8 points. The market saw more than 75.8 million shares worth VND2.1 trillion changing hands.

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