The Stock Market’s “Shock” Logistics Powerhouse: 140% Surge in Less Than a Month

It’s not just the blue-chip stocks that are making impressive breakthroughs; Portserco Logistics JSC (PRC) is also on a remarkable upward trajectory, with a stunning rally of over 140% in less than a month.

At the close of the market on May 20, this logistics stock hit an all-time high of VND 26,200 per share, marking five consecutive ceiling-hitting sessions. Looking further back, PRC has had ten ceiling-hitting sessions out of the last twelve trading days. Notably, since the beginning of May, PRC has witnessed a sharp rally of nearly 142% in value.

According to our research, Portserco, established in 2002 and headquartered in Da Nang, operates in the field of multimodal transport and maritime services, mainly in the Central – Highlands and Laos regions.

Their primary business lines include multimodal transport operations, maritime services such as freight forwarding, customs clearance, ship agency, and maritime transport, as well as warehousing. Additionally, the company specializes in transporting special cargo by road, including oversized and overweight cargo and hazardous materials.

This stock’s ceiling-hitting streak follows the announcement of a massive bonus share issuance to increase charter capital from retained earnings.

May 15 was the record date for allocating bonus share allotment rights at a staggering ratio of 12:19 (for every 12 shares held, shareholders will receive 19 new shares), equivalent to a bonus of 158.3%.

With 1.2 million shares currently in circulation, the company plans to issue approximately 1.9 million bonus shares in this round. If successful, PRC’s charter capital will increase from VND 12 billion to VND 31 billion (a 2.6-fold increase), marking the first capital increase after 17 years.

In addition to the bonus share plan, PRC also intends to offer a maximum of 3.1 million shares to existing shareholders at a ratio of 1:1, priced at VND 11,500 per share – a significant discount of about 63% compared to the current market price. The company aims to raise VND 35.65 billion to invest in the purchase of tractors and trailers, with disbursement planned for the period between Q4 2025 and Q4 2026.

The offering is expected to take place in 2025, following the completion of the bonus share distribution and subject to SSC approval. If the offering is successful, PRC’s charter capital will increase to VND 62 billion.

Turning to PRC’s Q1 2025 financial results, the company posted revenue of nearly VND 32 billion and pre-tax profit of over VND 825 million, representing increases of 5% and 77%, respectively, compared to the same period last year. Net profit reached nearly VND 656 million, a 41% increase. According to PRC, the revenue growth was attributed to additional investments in vehicles since March 2025, coupled with effective cost management.

For the full year 2025, Portserco has set a revenue target of VND 150 billion (a 15% increase over 2024) and estimates pre-tax profit to range between VND 3.75 billion and VND 4.5 billion. The company mentioned that it is attracting new investment to develop its logistics business further.

PRC aims to invest in 60-80 additional vehicles to transport bauxite ore from Laos to Chan May and Chu Lai ports via the Nam Giang border gate. The company targets revenue of VND 200 million per vehicle per month and a net profit margin of 3%-5% of revenue. Additionally, PRC intends to expand its business operations and scale up its logistics services to become a prominent player in the industry.