HCMC – Viettel Construction Joint Stock Corporation (HOSE: CTR) reported pre-tax profit of VND61.8 billion for October, down 7% year-on-year, while its revenue for the month rose 11% to nearly VND1.25 trillion.
For the first ten months of 2024, the company’s pre-tax profit edged up 2% to VND545.7 billion year-on-year, while its revenue went up 11% to VND10.4 trillion, realizing 81% of the annual profit target and 82% of the revenue goal.
The operations and maintenance segment contributed VND5.06 trillion, accounting for 49% of total revenue, up 9% year-on-year. Viettel Construction performs network operations for Viettel Group and maintains infrastructure for other firms.
Revenue from construction services rose 19% to VND3.35 trillion, making up 33% of total revenue. The B2B segment saw significant growth, with project revenue rocketing 97% to VND1.91 trillion, including contracts with Vinfast and Vietnam Public Joint Stock Commercial Bank.
Closing the trading session today, November 15, CTR inched down 2.56% to VND129,500, with a trading volume of 1.6 million shares.
As losers far outnumbered winners by a ratio of 305 to 75, the VN-Index dropped 13.32 points, or 1.14%, to close at 1,218.57 points.
Total trading volume on the southern bourse reached 750.6 million shares worth VND18.65 trillion, up 8.37% in volume and 15.6% in value over the previous session. Block trades accounted for 82.5 million shares valued at VND2.45 trillion.
The VN30-Index, which tracks the 30 largest-cap stocks, fell nearly 15.5 points, or 1.2%, to 1,271.22 points. Only three stocks—VRE, SSB, and BVH—posted gains, each rising slightly. VJC stayed flat, and the remaining 26 bluechips declined.
SSI slid 3.04%, the steepest within the VN30 basket, to end at VND23,950, with more than 25 million shares traded.
Securities stocks were among the hardest hit, with HCM, VND, FTS, and BSI falling more than 2% each. Stocks like CTS, VDS, and AGR saw declines of over 4%. VIX took the lead by liquidity with 29.3 million shares changing hands.
The banking sector also came under pressure, with most stocks dipping. SSB and LPB were the only gainers, both rising by less than 0.5%.
The real estate sector saw mixed results. KBC and SZC posted gains of over 2%, with KBC trading 12 million shares and SZC 5 million shares. Steel stocks continued to struggle. HPG decreased 1.5%, while HSG and NKG fell 3.7%.
Despite the broader market downturn, Viettel Group-related stock VTP soared to its ceiling price of VND122,500, with a matching volume of over 2.4 million shares.
On the Hanoi Stock Exchange, the HNX-Index fell 2.28 points, or 1.02%, to 221.53 points, with 47 advancers and 107 decliners. There were 61 million shares worth VND1.13 trillion changing hands on the northern bourse.
