WCS code of Mien Tay Bus Station Joint Stock Company increased positively in the first session of the week, pushing the market price to nearly 400,000 VND/share. This is also the most expensive stock on the Vietnamese stock exchange.
Despite the flat index, many stocks still "silently" increased in price - Photo: QUANG DINH
To place an order for 100 WCS shares, investors need to spend about 39 million VND, equivalent to 4 taels of gold.
Revealing the most expensive stock on the floor
Due to the adjustment from large-cap stocks, the VN-Index on February 17 fell nearly 4 points. However, if we count all 3 exchanges, the number of stocks increasing in price was 430, still overwhelming compared to 320 stocks decreasing in price.
In fact, despite the sideways index, many large-cap stocks are "struggling", while a series of small and medium-sized stocks are still "silently" increasing in price.
Notably, the WCS code of Mien Tay Bus Station Joint Stock Company increased by nearly 7%, reaching the price of 390,000 VND/share at the end of the first session of the week.
WCS's performance is quite positive, after 1 month it has increased by nearly 30% and after 1 year it has increased by about 115%.
The above increase has made WCS the most expensive stock on the Vietnamese stock market. Currently, WCS's market capitalization is nearly 1,000 billion VND.
Looking at the one-time "king" of market price, VNZ of VNG Corporation, today has returned to light green after 3 consecutive sessions of decline. However, the market price is still only nearly 360,000 VND - less than WCS.
Regarding Mien Tay Bus Station Joint Stock Company, this is a business with a history of operation since the 1970s. According to the 2023 annual report, WCS's charter capital is 25 billion VND, of which the state-owned capital is 51%, the major shareholders are Thai Binh Investment Joint Stock Company, America LLC...
Regarding business performance, WCS's newly published independent financial report recorded revenue in 2024 reaching more than 158 billion VND, an increase of 13% compared to the previous year. The positive point in the business picture of this enterprise is the low cost of capital, accounting for only 39% of total revenue.
Furthermore, without any interest or other financial expenses, the net operating profit is quite positive.
After deducting business management costs and taxes, WCS's net profit was VND75.5 billion, up 14%. With a net profit margin of nearly 48%, this is the "dream" level of many other businesses.
Many stocks sound "strange" but are very expensive
In addition to WCS, many stocks have appeared on the stock market after a period of "diligent" price increase, exceeding the mark of 300,000 VND/share.
In particular, the code KSV of TKV Minerals Corporation (Vimico) continued to experience a strong increase (+6%) after 2 consecutive ceiling sessions. At the end of the session on February 17, the market price of KSV reached nearly 300,000 VND per share.
Data shows that KSV has increased by more than 100% in the past month and nearly 1,000% in a year - a rare increase in the stock market. Accordingly, the capitalization of this enterprise is also approaching the 60,000 billion VND mark.
However, according to the 2023 annual report, Vietnam National Coal - Mineral Industries Group (TKV) holds up to 98.06% of KSV's capital, equivalent to more than 196.1 million shares.
Therefore, even though the market price increases sharply, with the concentrated shareholder structure as above, not many individual investors in the stock market will benefit.
Meanwhile, after increasing by nearly 4% today, HGM's market price is at 372,000 VND/share. In the past year, HGM shares have increased by about 700%, bringing HGM's capitalization to nearly 4,700 billion VND.
Both KSV and HGM are in the group of mineral stocks that benefited from the move to restrict mineral exports from China.
In addition, the stock market also recorded a number of codes with market prices exceeding 300,000 VND such as: HLB of Ha Long Beer and Beverage Joint Stock Company (315,000 VND), CMF of Cholimex Food Joint Stock Company (320,000 VND)...
Source: https://tuoitre.vn/co-phieu-cong-ty-ben-xe-gia-gan-400-000-dong-dat-do-nhat-san-chung-khoan-20250217170625339.htm
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