On the morning of September 24, within the framework of the 2024 Best IR Activities Listed Companies Award Ceremony held in Ho Chi Minh City, Viettel Construction was honored twice in two categories: "Mid Cap with the Most Investor-Preferred IR Activities 2024" and "Mid Cap with the Best Financial Institution-Rated IR Activities 2024.
At the same time, receiving the “double” title, Viettel Construction has demonstrated its continuous efforts in building and maintaining a transparent and effective investor relations (IR) environment, recognized by prestigious domestic and foreign organizations and investors.
Viettel Construction representative received the award "Mid Cap with IR activities most highly appreciated by financial institutions"
Since the "launch" of the stock code CTR on the HOSE in 2022, Viettel Construction has focused on promoting connections with many investment funds to provide information, hoping to seek markets suitable for its expansion strategy through global investment funds. Being honored at the IR Awards 2024 Program is a recognition of the positive efforts that Viettel Construction has applied in investor relations activities.
In just two years, Viettel Construction's shares have grown steadily. The most recent price has increased to the ceiling price of 133,300 VND/share, currently with a ceiling purchase surplus of nearly half a million units, and soon, Viettel Construction will finalize the list of 2023 cash dividends at a rate of 27.2% (equivalent to 2,720 VND per share).
The stock's positive signals are accompanied by outstanding business results. In the first 8 months of 2024, the company recorded VND 7,935 billion in revenue, up 11% over the same period, of which 82% of revenue came from the domestic market and 18% came from the foreign market; pre-tax profit reached VND 422.7 billion, up 4% over the same period.
“On the basis of compliance with legal regulations, Viettel Construction always ensures the criteria for IR operations to be transparent, public, professional and effective. These results and awards will be the motivation for Viettel Construction to continue to maintain and improve IR management to meet international standards,” said a representative of Viettel Construction.
Impressive figures on revenue growth, transparency and openness in IR activities of Viettel Construction have "won over" the love of investors.
Viettel Construction identifies that IR activities play an important role in the development and are an essential part of the overall strategy of the enterprise. The transmission of accurate, timely and consistent information will help build trust with investors and facilitate the sustainable development of the company.
Over the years, Viettel Construction has always demonstrated its mettle as a leading enterprise with growth rate, promoting connections with foreign investment funds, ensuring increased shareholder benefits including financial and non-financial benefits. With a strategy up to 2025, the company has achieved positive results, revenue growth of 21%/year, far exceeding the plan of 14%/year; profit growth of 24%/year, higher than the target of 15%; bringing the operation and exploitation segment to foreign markets. In the coming time, Viettel Construction will focus on 05 key tasks: Developing a plan to increase charter capital; Increasing the proportion of revenue outside of Viettel to 40%; Signing and implementing 1-2 Go Global contracts; Synchronizing infrastructure and leasing 4,000 new BTS stations to maintain the No. 1 market share of Towerco in Vietnam; Operating the organization according to international standards. In particular, with the shutdown of the 2G network and the introduction of 5G coverage in the near future, Viettel Construction's infrastructure will be a huge asset, creating high value.
IR Awards is a program to honor listed companies with the best IR activities, held annually since 2011 by Vietstock in collaboration with VAFE Association and FiLi Magazine. The award aims to honor listed companies with the best IR activities - these are listed companies that comply with information disclosure activities, have the best strategic management and financial communication, contributing to increasing stock value commensurate with enterprise value.
Passing the survey of 708 listed enterprises on two stock exchanges (HOSE and HNX) and 424 listed enterprises fully and promptly fulfilling their information disclosure obligations, eligible to be nominated for the IR Awards, Viettel Construction was selected by the investor community and 36 financial institutions, becoming one of the 18 best enterprises according to the criteria including Effective financial communication, Good reputation in the capital market, Good management of stock market expectations. Receiving prestigious awards will further strengthen Viettel Construction to confidently take long-term strategic steps and develop strongly./.