On September 24, during the IR Awards Ceremony honoring listed companies with the best IR activities in 2024 held in Ho Chi Minh City, Viettel Construction was a two-time winner in the categories of “Mid Cap with IR Activities Most Favored by Investors 2024” and “Mid Cap with IR Activities Most Appreciated by Financial Institutions 2024.”
By bagging these two prestigious awards, Viettel Construction has proven its unwavering commitment to establishing and maintaining a transparent and effective investor relations (IR) environment, gaining recognition from reputable domestic and foreign organizations and investors.
Since its debut on the HOSE stock exchange in 2022 under the stock code CTR, Viettel Construction has focused on strengthening connections with various investment funds to provide them with information and, in turn, leverage these global investment funds to explore markets aligned with its expansion strategy. The accolades received at the IR Awards 2024 serve as a testament to the company’s proactive efforts in investor relations activities.
In just two years, Viettel Construction’s stock has witnessed remarkable growth. The share price soared to 133,300 VND per share, almost reaching the ceiling price, with nearly half a million buy orders in place. Moreover, the company will soon finalize the list of shareholders to distribute 2023 dividends in cash, with a ratio of 27.2% (equivalent to 2,720 VND per share).
The positive signals from the stock market are accompanied by outstanding business results. In the first eight months of 2024, the company recorded a revenue of 7,935 billion VND, an 11% increase compared to the same period last year. Of this, 82% of the revenue was derived from the domestic market, while the remaining 18% came from overseas markets. The company also achieved a pre-tax profit of 422.7 billion VND, a 4% increase year-over-year.
“Viettel Construction always ensures transparent, public, professional, and efficient IR activities while adhering to legal regulations,” said a company representative. “These achievements and awards will motivate us to maintain and enhance our IR governance to meet international standards.”
Viettel Construction’s impressive revenue growth and transparent IR activities have earned the favor of investors.
Viettel Construction recognizes the significance of IR activities in its development and considers it an integral part of its overall strategy. The accurate, timely, and consistent communication of information helps build trust with investors and facilitates the company’s sustainable growth.
Over the years, Viettel Construction has demonstrated its leadership in the industry through its impressive growth rate and strengthened connections with foreign investment funds, ensuring increased benefits for its shareholders, both financially and non-financially. Looking ahead to 2025, the company has set ambitious targets, aiming for a 21% annual revenue growth rate, surpassing the planned 14%; a 24% annual profit growth rate, exceeding the 15% target; and expanding its operations and maintenance business to foreign markets. Moving forward, Viettel Construction will focus on five key tasks: formulating a plan to increase charter capital; increasing the revenue contribution from non-Viettel sources to 40%; signing and executing 1-2 Go Global contracts; synchronizing infrastructure and leasing 4,000 new BTS stations to maintain its top market share in Vietnam; and implementing international standards in its organizational operations. Notably, the shutdown of 2G networks and the rollout of 5G technology will turn Viettel Construction’s infrastructure into a valuable asset, creating significant value.
The IR Awards is an annual event organized by Vietstock in collaboration with the VAFE Association and FiLi Magazine since 2011. The awards recognize listed companies with outstanding IR activities, commending their adherence to information disclosure regulations, strategic governance, and effective financial communication, ultimately contributing to enhancing the value of their stocks in line with their business value.
Viettel Construction stood out among 708 listed companies on the HOSE and HNX stock exchanges, with 424 enterprises fulfilling timely information disclosure obligations and eligibility criteria for the IR Awards nominations. The company was selected by the community of investors and 36 financial institutions based on stringent criteria, including effective financial communication, a solid reputation in the capital market, and adept management of market expectations. These prestigious awards will empower Viettel Construction to confidently execute long-term strategic moves and forge a robust path forward.
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Viettel Construction: Leading Listed Company in IR Excellence 2024
Viettel Construction’s unwavering commitment to transparency and openness in its corporate governance has been a pivotal factor in winning over investors, both domestic and international. The company is proud to have been bestowed with the prestigious “Mid Cap with the Most Beloved IR Activities by Investors in 2024” and “Mid Cap with the Most Appreciated IR Activities by Financial Institutions in 2024” awards at the esteemed IR Awards 2024 ceremony.
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“With an unwavering commitment to innovation, the company is poised to venture into the realm of nutraceutical manufacturing. This strategic expansion is geared towards tapping into the burgeoning export market, offering our high-quality products to a global audience.”
The Best Performing Mid-Cap IR of 2024: Unveiling the New Frontrunners
Following a rigorous survey, evaluation, and voting process, five mid-cap companies have emerged as the top performers in investor relations for 2024. These outstanding enterprises are CTR, FTS, TNG, GEG, and PAN. The winners were announced at the 14th IR Awards Ceremony held on September 24, 2024, organized by Vietstock, the VAFE Association, and FiLi Magazine.
