Binh Son Refining and Petrochemical Joint Stock Company (Stock code: BSR) officially traded 3.1 billion BSR shares on the Ho Chi Minh City Stock Exchange (HOSE) on January 17, 2025, the reference price on the first trading day was VND 21,300/share, the price fluctuation range was ±20%.
Mr. Nguyen Viet Thang - General Director of BSR said that this is an important event for the company in the process of registering for stock listing and transferring trading floors, marking a step of maturity in the process of building a sustainable development company. BSR's official listing on HOSE in the early days of 2025 also helps the VNIndex and VN30 indexes have another potential leading enterprise in the energy sector. This event is assessed and expected to be a boost for the promotion momentum of the Vietnamese stock market, contributing to the development of the energy industry, for the wave of transferring listing floors of qualified stocks. BSR commits to make every effort in the process of building and developing, ensuring that the company's shares comply with, exceed compliance with the regulations for listed organizations and continue to strive to build an increasingly high position on the stock exchange. Binh Son Refining and Petrochemical Joint Stock Company (formerly Binh Son Refining and Petrochemical Company Limited) was established in 2008 and is responsible for managing and operating the production and business activities of Dung Quat Oil Refinery.
BSR General Director Nguyen Viet Thang speaks at the ceremony
The company's main activities are processing and trading refined and petrochemical products. Exactly 7 years ago, on January 17, 2018, the Ho Chi Minh City Stock Exchange successfully organized the company's initial public offering, marking an important step in bringing the company's brand closer to investors. The company's current charter capital is more than VND 31,000 billion, reflecting the company's growth after nearly 2 decades of operation. After 16 years of operating Dung Quat Oil Refinery, BSR has supplied the market with more than 95 million tons of various petroleum products, bringing in revenue of VND 1.6 million billion, after-tax profit of VND 51,000 billion, and paying the state budget VND 230,000 billion. BSR has continuously affirmed its high efficiency in operations along with its important role in ensuring national energy security. In the near future, BSR plans to continue to increase investment in the petrochemical sector, maximize the output of petrochemical products such as PP plastic pellets due to market demand as well as continue to research and produce new products, especially green, clean, environmentally friendly products in line with the trend of energy transition and carbon emission reduction. Recently, BSR announced its 2025 production plan with a revenue target of nearly VND 115,000 billion; pre-tax and after-tax profits of VND 837 billion and VND 752 billion, respectively; and pay the budget VND 13,000 billion. BSR plans to produce nearly 6.69 million tons of products (2.2 million tons of RON 95 gasoline, 2.5 million tons of diesel). BSR leaders also said they expect to achieve higher results than planned. In particular, aiming for "double-digit" output growth
BSR shares officially traded on HOSE
Regarding the investment plan, BSR plans to spend VND 1,740 billion on basic construction investment and equipment procurement. Of which, the company will disburse VND 958 billion for the Dung Quat Oil Refinery Upgrade and Expansion Project. In 2025, BSR also plans to increase its charter capital from VND 31,000 billion to VND 50,000 billion. BSR's capital increase plan will be implemented through two main forms: Issuing shares to pay dividends and issuing capital increase from equity capital (development investment fund). Official listing on HOSE opens up many opportunities as well as contributes to enhancing its position and financial strength in the Vietnamese stock market. With its presence on HOSE, BSR will have more tools and effective capital mobilization channels. This is especially important in the context of BSR's plans to expand its investment, especially the Dung Quat Oil Refinery Upgrade and Expansion Project with a total investment of up to VND36,431 billion. The ability to access diverse and larger capital sources will help BSR be more flexible in implementing strategic projects, while reducing its dependence on traditional capital sources. Source: https://baochinhphu.vn/31-ty-co-phieu-bsr-chinh-thuc-niem-yet-tren-hose-102250118123332305.htm
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