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Wednesday, June 26, 2024

Viettel Construction to make debut on HoSE next week

The Saigon Times

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HCMC – Viettel Construction Joint Stock Corporation will list nearly 93 million shares, valued over VND929 billion, on the Hochiminh Stock Exchange (HoSE) on February 23 under the stock code CTR, according to an announcement of HoSE.

Its reference share price on the first trading session is VND84,500, with a margin of 20%.

Viettel Construction canceled its listing on the Unlisted Public Company Market (UPCoM) yesterday, February 15. On February 14, CTR ended at VND87,000 with nearly 0.73 million shares traded on UPCoM.

The company recently released its financial statements in 2021 with revenue and before-tax profit reaching an estimated VND7.45 trillion and VND472 billion, up 17% and 37% year-on-year, respectively.

Viettel Construction, under military-run telecoms company Viettel Group, was formerly known as Construction Enterprise which was established in 1995.

In related news, the VN-Index of the HCMC market shed 0.65 point, or 0.04% over the session earlier to close at 1,492.1 today, with 249 advancers and 183 decliners. The southern bourse saw over 702 million shares worth over VND20 trillion changing hands, both rising 16% in volume and 5% in value against the previous session.

Meanwhile, on the northern bourse, the HNX-Index improved 1.25% or gained 5.28 points to 429.12, with 139 stocks increasing and 86 others falling.

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