In recent news, Phillip Securities (Thailand) Public Company Limited has successfully acquired 253,000 DTD shares of Construction and Development Investment Joint Stock Company on April 23. Post-transaction, the number of shares held by the Thai investor increased to 2.9 million, with ownership also rising from 5.51% to 6.02% in DTD.
Lately, this organization has been consistently increasing its purchase of DTD shares. Previously, on April 10, Phillip Securities also accumulated more than 238,000 DTD shares, raising its ownership to above 5% and officially returning to the position of a major shareholder of the company.
Among the shareholders, Phillip Securities is the second-largest shareholder in DTD, only after Mr. Nguyen Huy Cuong, the Chairman of the Board of Directors of the company.
On the market, DTD shares closed up 3.41% at VND 27,300/share on May 16, marking the third consecutive gaining session for DTD after a previous downward streak. Looking at a broader timeframe, the stock has surged 15% in just one month.
According to our research, Phillip Securities Pte Ltd is a member of PhillipCapital, a company that provides financial services and products (including securities brokerage, fund management, trust units, corporate financial research, etc.) to individual and corporate clients.
PhillipCapital, headquartered in Singapore, operates in the financial hubs of 17 countries, with offices in Singapore, Vietnam, Malaysia, Cambodia, Indonesia, Thailand, and more.
Construction and Development Investment Joint Stock Company, established in 2001, primarily focuses on industrial real estate, civil construction, land leveling, and infrastructure development. In 2015, DTD transitioned to operating as a joint-stock company.
With over 24 years of experience, the company has established itself as one of the leading construction enterprises in Ha Nam province, undertaking key projects such as the Residential Area for Meritorious People in Ha Nam province, the second campus of Vietnam-Germany Friendship Hospital, and the second campus of Bach Mai Hospital.
Additionally, the company has been actively diversifying into industrial park management. As a 65% shareholder of Dong Van III Industrial Park Infrastructure Development Joint Stock Company, DTD is maximizing its resources to enhance the efficiency of the industrial park and seize foreign investment opportunities in the current phase.
The company is also known for its real estate projects, including Thanh Dat Plaza – Dong Van Trade Center, Thanh Dat Trade, Service, and Residential Area, Van Xa Urban Residential Area, and Cho Luong Residential Area, among others.
In 2023, DTD recorded nearly VND 786 billion in revenue and over VND 323 billion in after-tax profit, up 35% and 109%, respectively, compared to 2022. This was also the year DTD achieved its highest profit since its listing on HNX in 2017.
Entering 2024, the company set revenue and profit-after-tax targets of VND 770 billion and VND 268 billion, respectively, representing a 2% and 17% decrease compared to the previous year. The expected dividend payout ratio is 15%. With Q1 2024 financial results, the company has achieved 25% and 28% of its revenue and profit targets, respectively.
In terms of investments in subsidiary/associate companies, the enterprise plans to continue investing in Dong Van III Industrial Park Infrastructure Development Joint Stock Company. It is anticipated that after 2026, Dong Van III will commence generating revenue from commercial and service operations, targeting VND 100 billion per year.
Additionally, the company will also proceed with the transfer of its entire 100% stake in Tan Cang – Dong Van Ha Nam Joint Stock Company, with a charter capital of VND 100 billion. The company has also proposed to divest its 39% capital contribution in Construction and Development Investment Joint Stock Company to an organization or individual in Q2 2024.
Regarding its core business, the company intends to accelerate the implementation of key projects, including the second campuses of Bach Mai and Vietnam-Germany Friendship Hospitals, Yen Len Bac Port, Van Xa – Cho Luong Residential Area, Thanh Dat Residential Area, Administrative and Commercial Service Accommodation Area in Dong Van III Industrial Park, and more.
