More than 121 million shares of Viettel Post Joint Stock Corporation (VTP) will be transferred from UPCoM to HoSE on March 12 with a reference price of VND65,400 per share.
According to the announcement of HoSE, with the reference price of 65,400 VND per VTP share, this code is predicted to have a price fluctuation range of 20% on the first trading day. VTP is also expected to be included in the major index baskets of HoSE in the near future.
From the beginning of November 2023 to February 29, 2024, VTP's price fluctuation was 87.56%, increasing to a peak of VND 78,400 per share. This is also the closing price of the last trading session of this stock on UPCoM. With a charter capital of nearly VND 1,218 billion, if calculated at the last trading session on February 29, VTP's capitalization reached more than VND 9,500 billion, 3 times higher than at the beginning of 2023.
According to the company representative, the recovery of VTP shares is supported by the net buying of foreign investors. By moving to HOSE, the company hopes to maintain the positive movement of this capital flow in the coming time, especially the interest of large institutional investors and investment funds. VTP is also a stock on UPCoM that is in the top investment of all 3 funds under Vietcombank Fund Management Company (VCBF).
"The move from registering for trading on UPCoM to listing on HoSE is a buffer to help VTP shares enter the list of stocks allowed to use margin, thereby increasing liquidity, as well as raising VTP's capitalization in the future. The timing of the floor transfer is also considered to converge positive factors, including the advantage of being a member of the Military Industry - Telecommunications Group", the VTP representative shared more.
Inside a Viettel Post sorting center. Photo: Viettel Post
According to the company's report, in 2023, Viettel Post will achieve revenue of VND 19,590 billion and after-tax profit of more than VND 380 billion, an increase of 49% compared to 2022. Postal output in 2023 will also increase by 43% compared to 2022. Core field - delivery will grow by 29.1%.
In 2023, the company reached a historic milestone since its inception with 2 million orders per day through the system. The company regularly pays annual dividends in both cash and stock with a total payout of about 20%.
Mr. Hoang Trung Thanh, General Director of Viettel Post, set a target of the company's revenue being 10 times higher than in 2023, corresponding to a growth rate of 60-65% per year.
In terms of technology, in addition to applying AGV robots, Viettel Post has mastered the software and control system, and is moving towards cooperation with other units in Viettel Group to produce additional hardware optimized for operations.
Viettel Post is constantly expanding its warehouse, transportation and delivery systems. Photo: Viettel Post
By 2023, the global logistics market size had reached nearly 9,000 billion USD and is expected to increase to 18,230 billion USD by 2030. Asia - Pacific is considered the largest and most dynamically developing region. Meanwhile, Vietnam is in the top 10 out of 50 emerging logistics markets in the world. The government also focuses on building and developing logistics infrastructure, promoting it to become a key economic sector, actively contributing to improving the overall competitiveness of the economy with a series of solutions and mechanisms to encourage infrastructure and services. The goal is that by 2025, the logistics industry will contribute 5-6% to GDP.
As one of the "giants" in the logistics industry in Vietnam, Viettel Post's ecosystem is based on a modern, high-tech infrastructure platform, providing full services such as: delivery, supply chain (warehousing, transportation, forwarding...), cross-border e-commerce... meeting the needs of using logistics services for large domestic and foreign corporate customers.
In 2024, VTP will continue its "Go Global" strategy by promoting the operations of two subsidiaries in the Myanmar and Cambodia markets; surveying investment in Laos and planning to open representative offices in Thailand and China.
After the investment phase in Asia, the company will expand its market to Australia and Europe with the vision of making Vietnam a global logistics center. Mr. Hoang Trung Thanh hopes that Viettel Post will lay the foundation for successful construction of logistics fields such as supply chain systems, logistics parks, smart border gates, cross-border logistics infrastructure systems, and international railways. From there, it will effectively and synchronously connect industrial park centers and farming areas with traffic intersections of roads, waterways, railways, seaports, airports, and border gate systems.
Domestically, the company is gradually realizing its goal of becoming a national logistics infrastructure. According to the company representative, the strong development of e-commerce is posing demands for changes in network infrastructure and the way of exploiting the last mile.
Accordingly, Viettel Post is forming a smart sorting technology complex that applies the latest technologies in the world, automating the operating process, in the stages of storage, picking, packaging, and sorting. This complex is completely owned by the unit from design, integration and operation including both hardware and software.
Tue Anh
source
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