On December 12, the Ho Chi Minh City Stock Exchange (HOSE) hosted a listing ceremony to welcome the trading of shares of RYG Joint Stock Company for Production and Investment, under the stock code RYG.
During its debut trading session, RYG’s share price was referenced at VND 15,000 per share, with a fluctuation band of 20%. With 45 million shares listed, the company’s market capitalization on its first trading day stood at VND 675 billion.
RYG’s share price surged immediately after its listing, even reaching the ceiling price of VND 18,000 per share at one point. By the end of the December 12 trading session, RYG’s closing price stood at VND 16,800 per share, reflecting a 12% increase from the reference price. The company’s market capitalization rose to VND 756 billion, and the matched volume was 269,300 shares.
“Listing at this time marks an important step in our company’s development strategy,” said Mr. Dinh Viet Anh, Chairman of the Board of Directors of RYG. “It enhances our credibility, transparency, and brand value in the market. Additionally, it provides us with access to new capital sources, supporting our plans for expansion and sustainable development in the future. Our goal is to solidify our position in the industry and bring long-term value to our shareholders.”
RYG Joint Stock Company for Production and Investment, established in 2009, is a leading manufacturer of tiles in Vietnam. The company operates a factory with four production lines and a capacity of 13 million m2/year. They have a vast distribution network, including over 100 distributors and 3,000 agents nationwide. RYG’s products have reached 14 countries, including demanding markets like the US, Europe, and Japan.
Looking ahead, the company aims to boost its international market presence. Over the next three years, RYG targets to increase export revenue to 70% of its total revenue, focusing on the US, European, and Middle Eastern markets. They also plan to develop environmentally friendly products, build a strong brand in the high-end segment, and directly compete with international rivals.
To achieve these goals, RYG will implement a new development strategy for 2025-2030, encompassing several key shifts. Firstly, they will transition from a production scale-based growth model, leveraging competitive pricing, to a model centered on creativity and brand strength. Secondly, they will diversify their product range, moving from core tile products to sintered stone and associated ecosystem products. Thirdly, RYG will adopt modern tools and technologies to enhance corporate governance, promote digital transformation, and integrate AI into their business operations. Additionally, they will shift their business development focus from predominantly domestic markets and traditional sales channels to export markets, especially developed countries like the US, utilizing modern sales channels. Lastly, the company will embrace a diverse, multi-channel, and global approach to resource development.
RYG’s strong financial performance is evident, even amid challenges in the construction materials market. In the first nine months of 2024, the company achieved impressive results, with a 29% year-over-year increase in net revenue, reaching VND 1,162 billion. Their net profit also grew by over 26%, amounting to VND 64 billion. RYG maintains a safe debt-to-equity ratio, ensuring a stable financial foundation.
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| | Chairman of the Board of Directors of Royal, Dinh Viet Anh, strikes the gong to celebrate the listing of RYG shares on HOSE. |
| | Chairman of the Board of Directors of Royal, Dinh Viet Anh, presents souvenirs at the event. |
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Mr. Dinh Viet Anh, Chairman of the Board of Directors, expressed his gratitude and commented on the company’s future plans: “We are grateful for the support and trust placed in us by our customers, partners, and shareholders, which has contributed to our success and growth. As we move forward, we are committed to continuously improving our production and business activities, enhancing our competitiveness, and bringing the best products and services to our customers. We believe that with our dedicated team, innovative spirit, and sustainable development orientation, we will achieve even greater milestones in the future.”
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