At the Shareholder’s Day 2025 event held on September 20th, a shareholder posed a question to Coteccons’ leadership: “When will we clearly see the global path Coteccons has long spoken of? And is this why Coteccons’ stock has never surged?”
In response, Bolat Duisenov, Chairman of Coteccons’ Board of Directors, emphasized that the company’s global expansion is not a new initiative. In fact, Coteccons has successfully executed and delivered several international projects.
“For instance, in Taiwan, Coteccons became the first Vietnamese construction company to receive a local operating license. The legal preparation and risk assessment process alone took 15 months. Both parties were initially unfamiliar with each other’s processes, but we successfully completed the formalities and launched the project,” Mr. Bolat stated.
According to the Chairman, establishing a global presence requires meticulous preparation, including legal compliance, certifications, and risk management. The company aims to build a sustainable foothold in new markets, rather than focusing on isolated projects.
“We have a clear roadmap and several projects in the pipeline. Once officially signed, they will become part of our backlog and contribute to Coteccons’ future revenue and profitability. However, some details cannot be disclosed yet, as the Vietnamese proverb says, ‘Speaking too soon may lead to failure,’” he added.
Regarding stock performance, Mr. Bolat asserted: “I believe Coteccons’ stock is currently at a healthy and stable level. Our responsibility is to consistently deliver positive business results to ensure sustainable stock growth. As Warren Buffett once said, buying stock is not just purchasing a piece of paper, but owning a part of the business. Long-term investors focus on Coteccons’ foundation and long-term prospects, not short-term fluctuations.”
The Chairman further emphasized: “We are confident that with our current foundation, Coteccons will continue to grow and deliver real value to shareholders.”
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