Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫13,500, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 11x in the Construction industry in Vietnam. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫11,200, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 11x in the Construction industry in Vietnam. Total returns to shareholders of 18% over the past three years. Board Change • Jun 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: ₫44.00 (vs ₫52.14 in 1Q 2025) First quarter 2026 results: EPS: ₫44.00 (down from ₫52.14 in 1Q 2025). Revenue: ₫134.6b (up 51% from 1Q 2025). Net income: ₫523.9m (down 16% from 1Q 2025). Profit margin: 0.4% (down from 0.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: ₫505 (vs ₫299 in FY 2024) Full year 2025 results: EPS: ₫505 (up from ₫299 in FY 2024). Revenue: ₫557.1b (up 9.5% from FY 2024). Net income: ₫6.06b (up 69% from FY 2024). Profit margin: 1.1% (up from 0.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Announcement • Mar 27
Construction Joint Stock Company No. 1, Annual General Meeting, May 14, 2026 Construction Joint Stock Company No. 1, Annual General Meeting, May 14, 2026. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₫13,200, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 12x in the Construction industry in Vietnam. Total returns to shareholders of 61% over the past three years. Announcement • Feb 02
Construction Joint Stock Company No. 1, Annual General Meeting, Apr 10, 2026 Construction Joint Stock Company No. 1, Annual General Meeting, Apr 10, 2026, at 08:00 SE Asia Standard Time. Location: meeting 3 rd floor building c1 - vinaconex 1, office & residetial complex, no 289 khuat duy tien street, dai mo ward, hanoi Vietnam Reported Earnings • Jan 27
Full year 2025 earnings released: EPS: ₫574 (vs ₫299 in FY 2024) Full year 2025 results: EPS: ₫574 (up from ₫299 in FY 2024). Revenue: ₫557.1b (up 9.5% from FY 2024). Net income: ₫6.89b (up 92% from FY 2024). Profit margin: 1.2% (up from 0.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫15,000, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 13x in the Construction industry in Vietnam. Total returns to shareholders of 76% over the past three years. Board Change • Nov 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: ₫83.00 (vs ₫14.00 in 3Q 2024) Third quarter 2025 results: EPS: ₫83.00 (up from ₫14.00 in 3Q 2024). Revenue: ₫60.8b (down 75% from 3Q 2024). Net income: ₫995.7m (up 485% from 3Q 2024). Profit margin: 1.6% (up from 0.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₫14,200, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 18x in the Construction industry in Vietnam. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₫12,000, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 19x in the Construction industry in Vietnam. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₫12,200, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 20x in the Construction industry in Vietnam. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫10,100, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 18x in the Construction industry in Vietnam. Total loss to shareholders of 34% over the past three years. Board Change • May 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 29
Full year 2024 earnings released: EPS: ₫299 (vs ₫218 in FY 2023) Full year 2024 results: EPS: ₫299 (up from ₫218 in FY 2023). Revenue: ₫508.5b (up 128% from FY 2023). Net income: ₫3.59b (up 37% from FY 2023). Profit margin: 0.7% (down from 1.2% in FY 2023). The decrease in margin was driven by higher expenses. Board Change • Feb 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. No independent directors (6 non-independent directors). Member of Supervisory Board Toan Tran was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Feb 05
Construction Joint Stock Company No. 1, Annual General Meeting, Apr 09, 2025 Construction Joint Stock Company No. 1, Annual General Meeting, Apr 09, 2025, at 08:00 SE Asia Standard Time. Location: meeting room, 3rd floor, building c1, vinaconex 1 office and housing area, no.289 khuat duy tien, 289 khuat duy tien, Vietnam New Risk • Jan 27
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₫102.0b market cap, or US$4.08m). Minor Risk Profit margins are more than 30% lower than last year (0.7% net profit margin). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Member of Supervisory Board Toan Tran was the last director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Member of Supervisory Board Toan Tran was the last director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Jan 20
New 90-day high: ₫10,000 The company is up 32% from its price of ₫7,600 on 22 October 2020. The Vietnamese market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 39% over the same period. 
