BCG Land (BCR) traded 5.5 million shares on the first session on UPCoM

On December 8, 460 million BCR shares of BCG Land were officially traded on UPCoM with a reference price of VND12,000/share. During the opening session, the shares were well received by investors when liquidity reached more than 5.5 million units, the price increased by 12.5% to VND13,500, and the capitalization reached VND6,210 billion.

BCR shares traded more than 55 million units in the UPCOM offering, capitalization exceeded 6,000 billion VND, image 1 — Mr. Nguyen Tung Lam - Permanent Vice Chairman of the Board of Directors of BCG Land - performed the gong ceremony to open the first trading session of BCR on UPCoM this morning.

The increase in BCR shares followed the general trend of the Vietnamese stock market on December 8. VN-Index increased by 2.95 points (0.26%) to 1,124.44 points. The market's increase was led by the banking and real estate groups while the securities group decreased. On the Hanoi Stock Exchange, HNX-Index decreased slightly by 0.64 points to 231.2 points and UPCoM-Index stood at the reference level.

BCR shares traded more than 55 million units in the UPCOM offering, capitalization exceeded 6,000 billion VND, image 2 — BCR shares were welcomed by investors when liquidity reached more than 5.5 million units in the UPCoM opening session, the price increased by 12.5% to 13,500 VND/share.

Total market liquidity reached more than VND20,000 billion, down from the previous session but much improved compared to the average session in November. Securities analysts believe that in the short term, the stock market may have fluctuations, but in the long term, the outlook is bright when the economy recovers, interest rates are low and the market is likely to be upgraded before 2025. Investors can increase their proportion in stocks that are profitable and have potential when the general market fluctuates strongly.

BCG Land is a real estate company belonging to the Bamboo Capital Group ecosystem (code: BCG). In addition to BCG Land, which has just been listed on UPCoM with the code BCR, Bamboo Capital also has two member companies that were officially listed before, namely Industrial Development and Transport Investment Joint Stock Company (HoSE: TCD) and Tipharco Pharmaceutical Joint Stock Company (HNX: DTG).

As a rare real estate company that has successfully listed in the context of the current difficult market situation, Mr. Nguyen Thanh Hung - Vice Chairman of Bamboo Capital and General Director of BCG Land - shared: "BCG Land's listing at this time is the right time, trading on UPCoM will be a favorable premise for BCG Land to take the lead and seize opportunities when the market enters a recovery cycle in the coming time".

Currently, the company has a fairly safe financial structure, along with positive business results. According to the audited consolidated financial report for 2022, BCG Land's revenue reached VND 1,132 billion, profit after tax reached VND 316 billion. In the first 9 months of 2023, BCG Land's total net revenue reached VND 583 billion, profit after tax reached VND 136 billion, the company will continue to record additional revenue and profit in the fourth quarter of 2023 from the handover of two key projects, Hoian d'Or and Malibu Hoi An.

BCG Land owns high-end real estate projects such as Malibu Hoi An, Hoian d'Or, King Crown Infinity, Casa Marina Premium... with a scale of thousands of billions of VND. The company's current land fund is up to 500 hectares and the company is planning to develop the land fund up to 5,823 hectares in the next 5 years. According to the 2024 plan, BCG Land will introduce about 2,000 residential real estate products including apartments, townhouses, riverside villas in Ho Chi Minh City and neighboring provinces. In the resort real estate segment, BCG Land has introduced and will introduce about 200 more resort apartment and resort villa products.

BCG Land's capital structure is currently quite safe with a debt-to-equity ratio of only 0.54%, total assets of VND 12,537 billion funded by 47.2% equity. With total assets of more than VND 12,537 billion as of now, BCG Land belongs to the group of large-scale real estate companies in Vietnam.

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