More than 12.3 million shares of PECC2 have been officially listed on Ho Chi Minh City Stock Exchange

On June 6, 2019, Ho Chi Minh City Stock Exchange (HOSE) held a ceremony to hand over the Decision on listing and official trading 12,313,159 shares of Power Engineering Construction Company No.2 (PECC 2) with code TV2.

Mr. Duong Quang Thanh – EVN’s Chairman of Board of Directors and Mr. Nguyen Tai Anh – EVN’s Vice President attended the ceremony.

Mr. Duong Quang Thanh – EVN’s Chairman of Board of Directors performed the symbolic action to welcome the official trading of TV2 stocks on HOSE - Photo: CACC

The total value of the listed TV2 stocks reached over VND 123 billion, the reference price in the first trading day was VND 151,000 per share and the price range was +/- 20%.

At the end of the morning session on June 6, the price of TV2 stocks increased and were matched at VND 160,000 per share.

Previously, TV2 stocks have been traded on Hanoi trading floor since October 2009, with the starting price of VND 24,000/share.

After nearly 10 years, closing the last session on May 27, 2019 before changing the floor, these stocks stood at VND 160,000.

Established since 1985, PECC2 has been constantly developing and becoming one of the strong brands in the Vietnamese energy industry. PECC2 has more than 100 large-scale power projects and hundreds of power grid projects nationwide, together with a number of projects in the region.

2018 was the 5th consecutive year that PECC2 had maintained a good growth rate; all areas of consultancy, business and investment had been developing steadily.

In 2018, PECC2 made it into Forbe Asia's Best Under a Billion 2018. The company ranked fifth among the top companies on the stock exchange with EPS (earnings per share) reaching VND 18,282/share.

In 2018, PECC2's business performance was recorded with the total net revenue of VND 1,840.4 billion, increasing by 0.1% compared to 2017, profit before tax of VND 281.9 billion, an increase of more than 4.9% against 2017.

In 2019, PECC2 aims to achieve the total revenue of VND 1,959 billion, profit after tax of VND 225.6 billion; and dividend for 2019 expected to be no less than 25%.

Ms. Tran Anh Dao - Deputy General Director of HOSE congratulated PECC2 and expected that the Company will strictly comply with regulations on securities and securities market, especially those on information disclosure, transparency in financial performance and operating situation.

Mr. Nguyen Chon Hung - Chairman of the Board of Directors of PECC2 said: “The event of PECC2 being officially listed on HOSE is an important milestone of the company in the development process, on the way towards a leading energy enterprise in Vietnam and the region. PECC2 is committed to strictly complying with state regulations on securities and securities markets, deserving the trust of domestic and foreign investors”.

  • 06/06/2019 06:54