Shares of Viettel Post Joint Stock Corporation (stock code: VTP) have increased for 3 consecutive sessions since switching to listing on HoSE, closing the most recent session at 89,600 VND.
More than 121.78 million shares of Viettel Post (stock code: VTP) traded in the first session on the HoSE on March 12 with a reference price of VND65,400. Despite the strong correction in the stock market in this session, VTP still increased by the full 20% margin, to VND78,400 and matched orders of more than 722,000 shares.
The purple color was maintained in the session of March 13, bringing the market price to 83,800 VND and recording more than 2.5 million shares being traded. Not stopping there, VTP continued to increase to the ceiling in the session of March 14 to reach the price of 89,600 VND. Trading volume in this session continued to increase, reaching 2.67 million shares while the remaining buy orders at the ceiling price were more than 93,200 shares. Viettel Post's market capitalization thus skyrocketed to 10,911 billion VND.
Compared to the price of 57,000 VND at the beginning of the year, Viettel Post's market price has increased by 57%, far exceeding the market's profitability. The current price of 89,600 VND is also the historical peak of this stock.
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| VTP stock price and liquidity chart. |
This year, the company targets revenue of VND13,847 billion, down 29% compared to the 2023 level, but after-tax profit is expected to increase slightly to VND384 billion. The management board said that the reduction in revenue target is due to the direction of narrowing the sales segment (phone SIM cards) to focus on business segments with better profit margins such as delivery and logistics. This narrowing has a negligible impact on absolute profit, while helping to improve the company's overall profit margin.
The company is estimated to hold 18.6% of the domestic delivery market share, ranking third after VNPost and Giaohangtietkiem. The company said that competition in the industry is increasingly fierce, with emerging businesses continuously implementing promotional policies, forcing the remaining companies (including Viettel Post) to adjust service prices to maintain market share.
According to the analysis report of ACB Securities Company, Viettel Post's business prospects this year will be optimistic because the company focuses on the business segment with better profit margins, which is delivery and logistics. In addition, the company is stepping up investment in infrastructure and logistics networks in Vietnam and countries in the ASEAN region (Laos, Cambodia and Myanmar) as well as introducing new technologies into operations.
Viettel Post currently has a charter capital of over VND1,217 billion, an increase of more than 20 times compared to the time of equitization in 2009. The Military Industry and Telecommunications Group (Viettel) currently holds 60.84% of the capital. The company aims to increase its revenue 10 times over the next 5 years compared to 2023, equivalent to a growth rate of 60-65% per year for both core activities and new areas.
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