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VTP to debut on HOSE next year

The Saigon Times

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HCMC – Viettel Post Joint Stock Corporation will start trading 122 million shares on the Hochiminh Stock Exchange (HOSE) under the code VTP in February or March 2024, according to the HCMC exchange.

With charter capital of VND1.2 trillion, Viettel Post, currently trading its shares on UPCoM, is a member of the military-run Viettel Group and operates a logistics ecosystem offering services such as express delivery, supply chain management, and cross-border e-commerce.

In 2023, Viettel Post recorded a robust financial performance, optimizing costs and integrating new technologies. The company’s revenue is estimated to have grown by 30%, with profit expected to rise 47% over the previous year, outpacing the industry’s average growth of around 10%.

Closing the trading session today, December 26, VTP maintained its winning streak for the sixth straight session, with a slight 0.74% gain to settle at VND54,100 per share.

The VN-Index of the Hochiminh Stock Exchange edged up by 4.59 points, or 0.41%, to close at 1,122.25 points, with 265 winners and 216 losers.

Stock trade dipped slightly versus the previous session, with 644.7 million shares valued at VND14.7 trillion changing hands. Block deals contributed VND1.7 trillion worth of 69.4 million shares to the overall value.

Vietnam Airlines’ stock HVN surged to its daily upper limit for the second consecutive session, ending at VND12,550 with 1.9 million shares matched.

Steel maker HPG was the most actively traded stock on the southern bourse, with a trading volume of 33.7 million shares.

On the Hanoi Stock Exchange, the HNX-Index increased by 1.81 points, up 0.79%, to reach 231.26 points, with 94 stocks advancing and 61 others declining. The northern market posted a trading volume of 54.6 million shares and a value of VND1.1 trillion.

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