On the morning of November 12th, 2018, 25 million HTN stocks of Hung Thinh Incons JSC traded the first session on Ho Chi Minh City Stock Exchange (HoSE). HTN peaked at 29,900 VND / share in the first session.
Mr. Nguyen Dinh Trung - Chairman of BOD of Hung Thinh Incons has given opinion on this occasion.
Hung Thinh Corp is a large corporation with 29 member companies. So, why is Hung Thinh Incons chosen to be the first unit to list stocks on HoSE?
Mr. Nguyen Dinh Trung received the listing decision from Ms. Tran Anh Dao - Deputy General Director of Ho Chi Minh City Stock Exchange
For Hung Thinh Corp, we aim to list Hung Thinh Incons because the market transparency will help the company better in terms of governance. In addition, we also easily attract more talents to help the company.
In the 29-member system of the Corporation, particularly for the construction sector, we believe that the greater the transparency is, the better the product quality will be. When the construction quality of Hung Thinh Incons is good, the products of the Corporation will be more valuable. It is also the Corporation’s top goal in real estate development plans.
In the long-term strategy, after listing, in addition to strengthening and adding more high-quality personnel to meet 100% of construction needs for the Corporation, we continue to expand to approach the external market and diversify revenue sources.
The stock market in general is currently undergoing adjustment. Why did Hung Thinh Incons choose this time to list?
For the economy in general and the real estate construction sector in particular, we believe that whether the common market is favorable or not, it offers certain opportunities for those who know how to grasp. For example, in 2007, when the market went down, it was an opportunity for Hung Thinh to develop when we chose to invest in products in the segment with great demand; especially, we always aimed at the end consumers. Based on the current contracts of Hung Thinh Incons, we believe that the stock market going down or going up will not affect much to Hung Thinh Incons' operation. Moreover, according to consideration of many economic experts, the macroeconomic situation is quite good, I believe that the construction and real estate market in the future will be stable and have a basis for growth.
As a general constructor for many large projects, what are the requirements for construction capacity of Hung Thinh Incons?
Hung Thinh Corp always considers construction quality as the first criterion. This is a challenge and also an opportunity for Hung Thinh Incons, requiring Hung Thinh Incons to further improve its capabilities. The construction sector is technically and must be accompanied by quality. We believe that to achieve that, it must be listed to ensure transparency.
In addition, the Corporationalways has member units that are joint ventures of major domestic and foreign partners. Therefore, if Hung Thinh Incons wants to be chosen as the general constructor, they must meet many very strict conditions, especially the construction management and construction progress.
There are many real estate companies listing to call for capital, does Hung Thinh Incons have such goals?
Every listed company has its own goals. Capital mobilization is not an immediate goal for us; moreover, a construction company does not need too much capital to operate. The important thing for us, let us remind you of transparency for the company to be better in product quality management, people and strategy. These are the key issues to enhance the company's inherent value and thereby bring much greater value to the company’s shareholders and partners.
Hung Thinh Incons is a high growth enterprise as well as outstanding profitability in the construction sector. According to you, how will HTN stock price change?
Currently, the company’s P/E index is about 3-4 times - I think it is attractive. Each investor will have their own assessment and the market will decide. I personally hope HTN stock will grow stably in the future and bring benefits to shareholders.
Does the Corporation have plans to equitize, popularize members and the Mother Corporation?
In the short term, we list Hung Thinh Incons. In the near future, we will definitely choose a member company specializing in real estate investment for listing.
By ndh.vn
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