Share price of Da Nhim - Ham Thuan - Da Mi Hydropower Joint Stock Company increases by more than 370% after 10 years of equitization

By October 7, 2021, Da Nhim - Ham Thuan - Da Mi Hydroelectricity Joint Stock Company reached (DHD) the 10-year milestone of operation under the model of a joint-stock company (7 October 2011 - 7 October 2021). In comparison with the average asking price in 2011 of VND 10,200/share, so far the share price of DHD is at VND 38,000, increasing by 372.5%.

Chart of revenue and profit of the General Meeting of Shareholders after 10 years of equitization

Since equitization, the General Meeting of Shareholders has continuously achieved outstanding business results with significantly improved financial position, financial indicators such as solvency, debt/equity ratio, profit margin, etc., all achieved and surpassed the plan.

Notably, the equity in 2011 was VND 1,415 billion, estimated at the end of 2021 to be VND 5,730 billion, increasing by 404.9 percent. A memorable milestone was that the AGM became a public company and the shares were listed on the UpCoM exchange with stock code DNH on 19 June 2017.

Outstanding business results have created a premise for the company to gain enough capital to invest in new power projects such as: Da Nhim Hydropower Plant Expansion Project and Da Mi Solar Power Plant Project. These projects contribute to increasing the capacity of DHD from 642.5MW to 770MW.