Stock surpasses historical peak
The information of listing transfer is a “catalyst”, helping VTP shares become the stock with the strongest price increase in the past three months. From the beginning of November 2023 to February 29, 2024, VTP shares recorded a 92% increase to the price of 78,400 dong/share, which is also the closing price of VTP shares on UPCoM. Therefore, with the reference price of 65,400 dong/share, VTP shares are expected to have a 20% ceiling price increase in the first trading session on HOSE.
In addition, the strong business performance information of Viettel Post in the past year also reinforces the confidence of investors to become shareholders of this company. In 2023, Viettel Post recorded revenue of VND 19,590 billion and after-tax profit of over VND 380 billion, an increase of 49% compared to 2022. The postal volume of Viettel Post in 2023 also increased by 43% compared to 2022. The core delivery sector grew by 29.1%, 3.3 times the overall growth of the postal sector(8.9%). In 2023, the company achieved a historic milestone with 2 million orders/day through the system, this is also the record level of this business since its operations from 1997 until now. VTP is also a company that many investors are interested in when regularly paying dividends annually in both cash and shares with a total payment of around 20%.
The ambition of the Company in the next 5 years, as shared by Mr. Hoang Trung Thanh, General Director of Viettel Post, the company’s revenue must increase 10 times compared to 2023, equivalent to a growth rate of 60-65%/year. In addition, in terms of technology, besides pioneering the application of AGV robots, Viettel Post has completely mastered the software and control system, moving towards cooperation with other units in the Viettel Group to produce optimized hardware for operations.
The recovery momentum from November 2023 of VTP shares until now is being supported by the net buying activity of foreign investors, a similar trend is also recognized in the period when the stock received a price increase recently. With the relocation to HOSE, VTP is expected to continue to maintain the positive trend of this capital flow in the coming time, especially the attention of large institutional investors and investment funds when the company has demonstrated internal factors such as finance, business, and development potential that meet the conditions for listing on HOSE. VTP is also the only stock on UPCoM that is among the top 3 investments of all 3 funds under Vietcombank Fund Management Company (VCBF).
The transfer from trading registration on UPCoM to listing on HOSE is a “buffer” that enables VTP shares to be included in the list of stocks allowed to use margin, thereby increasing liquidity, as well as enhancing the capitalization of VTP in the future. With a charter capital of nearly VND 1,218 billion, if calculated at the last trading session on February 29, the capitalization of VTP reached over VND 95,000 billion, 3 times higher than the beginning of 2023.
Although stock fluctuations will be affected by many factors, from macro, market trends to business internals. However, the current time when VTP moves to listing is seen to converge positive factors, not to mention the “reputation” as an important member of the Military Industry and Telecommunications Group. (Viettel).
“Highlight” of the Logistics industry
At the end of 2023, the global logistics market scale reached nearly USD 9 trillion and is expected to increase to USD 18.23 trillion in 2030. The Asia-Pacific is assessed as the largest and most dynamic region. While Vietnam is in the top 10 out of the 50 emerging logistics markets in the world. The Vietnamese government has focused on building and developing logistics infrastructure and promoting it as the country’s spearhead economic sector, contributing positively to improving the overall competitiveness of the economy. A series of fiercely implemented and synchronized solutions to create an environment, incentive mechanisms for strong development of infrastructure and logistics services. The goal is that by 2025, the logistics industry will contribute 5-6% to GDP.
As a member of Viettel, the logistics ecosystem of Viettel Post is based on a modern infrastructure platform, high technology, and provides full services such as: delivery, supply chain (warehouses, transportation, forwarding…), cross-border e-commerce…to meet the demand for using logistics services for large domestic and foreign enterprises. In 2024, VTP will continue its “Go Global” strategy by intensifying the operations of 2 subsidiaries in the markets of Myanmar and Cambodia; surveying investment in Laos and planning to open representative offices in Thailand and China.
Not only stopping at conquering the Asian market, following the early investment stage in Asia, Viettel Post will expand the market to countries such as Australia and Europe with a vision to make Vietnam become a global logistics center. Mr. Hoang Trung Thanh – General Director of Viettel Post emphasized that “Viettel Post will lay the foundation for successfully building the logistics sectors such as the supply chain system, logistics parks, smart borders, cross-border logistics infrastructure systems, international intermodal rail. This helps Viettel Post to efficiently and synchronously connect industrial parks, farming areas with road, waterway, railway traffic junctions, seaports, airports, customs systems”.
As of now, Viettel Post is a logistics company in Vietnam that takes the lead in investing in the international market, Viettel Post not only affirms its leading position in the domestic logistics sector but also demonstrates its ambition to become a prestigious global logistics company.
D domestically, Viettel Post is gradually realizing its goal of becoming a national logistics infrastructure. According to the company’s assessment, the strong development of e-commerce is posing demands for changing the network infrastructure, how to exploit the last mile. Viettel Post is also a pioneering enterprise in forming an intelligent sharing technology complex applying the latest technologies in the world, automating operation processes in storage, picking, packing, and sorting. This modern technology complex is fully owned by Viettel from design, integration, and operation including both hardware and software.
The actions and steps of Viettel Post are affirming that logistics is one of the 4 key sectors contributing to the group’s development in the future.
