Reported Earnings • May 20
First quarter 2026 earnings released: EPS: ₫434 (vs ₫181 in 1Q 2025) First quarter 2026 results: EPS: ₫434 (up from ₫181 in 1Q 2025). Revenue: ₫46.0b (up 26% from 1Q 2025). Net income: ₫8.09b (up 140% from 1Q 2025). Profit margin: 18% (up from 9.3% in 1Q 2025). The increase in margin was driven by higher revenue. Announcement • Mar 03
Cam Ranh International Airport Services Joint-Stock Company, Annual General Meeting, Apr 24, 2026 Cam Ranh International Airport Services Joint-Stock Company, Annual General Meeting, Apr 24, 2026. Location: nha trang ward, khanh hoa province., Vietnam Reported Earnings • Feb 09
Full year 2025 earnings released: EPS: ₫1,002 (vs ₫242 in FY 2024) Full year 2025 results: EPS: ₫1,002 (up from ₫242 in FY 2024). Revenue: ₫177.4b (up 44% from FY 2024). Net income: ₫18.7b (up 313% from FY 2024). Profit margin: 11% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. New Risk • Aug 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₫188.5b market cap, or US$7.16m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: ₫109 (vs ₫232 in 2Q 2024) Second quarter 2025 results: EPS: ₫109 (down from ₫232 in 2Q 2024). Revenue: ₫44.9b (up 59% from 2Q 2024). Net income: ₫2.04b (down 53% from 2Q 2024). Profit margin: 4.5% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫8,300, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total loss to shareholders of 51% over the past three years. New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₫168.0b market cap, or US$6.55m). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Revenue is less than US$5m (₫123b revenue, or US$4.8m). Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: ₫242 (vs ₫298 in FY 2023) Full year 2024 results: EPS: ₫242 (down from ₫298 in FY 2023). Revenue: ₫123.1b (up 31% from FY 2023). Net income: ₫4.52b (down 19% from FY 2023). Profit margin: 3.7% (down from 5.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 08
Cam Ranh International Airport Services Joint-Stock Company, Annual General Meeting, Apr 25, 2025 Cam Ranh International Airport Services Joint-Stock Company, Annual General Meeting, Apr 25, 2025. Location: nha trang city, khanh hoa province, Vietnam Reported Earnings • Feb 05
Full year 2024 earnings released: EPS: ₫243 (vs ₫290 in FY 2023) Full year 2024 results: EPS: ₫243 (down from ₫290 in FY 2023). Revenue: ₫123.1b (up 31% from FY 2023). Net income: ₫4.52b (down 19% from FY 2023). Profit margin: 3.7% (down from 5.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: ₫177 (vs ₫86.43 in 3Q 2023) Third quarter 2024 results: EPS: ₫177 (up from ₫86.43 in 3Q 2023). Revenue: ₫36.3b (up 39% from 3Q 2023). Net income: ₫3.30b (up 98% from 3Q 2023). Profit margin: 9.1% (up from 6.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: ₫232 (vs ₫86.43 in 2Q 2023) Second quarter 2024 results: EPS: ₫232 (up from ₫86.43 in 2Q 2023). Revenue: ₫28.2b (up 8.3% from 2Q 2023). Net income: ₫4.34b (up 161% from 2Q 2023). Profit margin: 15% (up from 6.4% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫10,500, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total loss to shareholders of 17% over the past three years. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₫214.6b market cap, or US$8.80m). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (5.9% net profit margin). Revenue is less than US$5m (₫94b revenue, or US$3.9m). Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: ₫290 (vs ₫3,437 in FY 2022) Full year 2023 results: EPS: ₫290 (down from ₫3,437 in FY 2022). Revenue: ₫94.3b (down 11% from FY 2022). Net income: ₫5.57b (down 92% from FY 2022). Profit margin: 5.9% (down from 62% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 8 experienced directors. No highly experienced directors. No independent directors (5 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 • Nov 03
Third quarter 2022 earnings released: ₫144 loss per share (vs ₫518 loss in 3Q 2021) Third quarter 2022 results: ₫144 loss per share (improved from ₫518 loss in 3Q 2021). Revenue: ₫34.9b (up 397% from 3Q 2021). Net income: ₫926.5m (up ₫10.5b from 3Q 2021). Profit margin: 2.7% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Aug 05
Second quarter 2022 earnings released: ₫296 loss per share (vs ₫512 loss in 2Q 2021) Second quarter 2022 results: ₫296 loss per share (up from ₫512 loss in 2Q 2021). Revenue: ₫33.5b (up 139% from 2Q 2021). Net loss: ₫3.87b (loss narrowed 61% from 2Q 2021). Reported Earnings • May 06
First quarter 2022 earnings released: ₫259 loss per share (vs ₫584 loss in 1Q 2021) First quarter 2022 results: ₫259 loss per share (up from ₫584 loss in 1Q 2021). Revenue: ₫20.6b (up 53% from 1Q 2021). Net loss: ₫4.94b (loss narrowed 54% from 1Q 2021). Board Change • Apr 27
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. 8 experienced directors. No highly experienced directors. No independent directors (5 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 • Nov 05
Third quarter 2021 earnings released: ₫559 loss per share (vs ₫1,073 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₫5.66b (down 70% from 3Q 2020). Net loss: ₫10.2b (loss widened 66% from 3Q 2020). Reported Earnings • Aug 03
Second quarter 2021 earnings released: ₫1,069 loss per share The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ₫14.0b (up 3.2% from 2Q 2020). Net loss: ₫9.89b (loss narrowed 22% from 2Q 2020). Reported Earnings • May 02
First quarter 2021 earnings released The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: ₫13.5b (down 73% from 1Q 2020). Net loss: ₫13.6b (loss widened 480% from 1Q 2020). Announcement • Feb 05
An unknown buyer acquired 5.98% stake in Cam Ranh International Airport Services Joint-Stock Company (HNX:CIA) from VinaCapital Fund Management Joint-Stock Company. An unknown buyer acquired 5.98% stake in Cam Ranh International Airport Services Joint-Stock Company (HNX:CIA) from VinaCapital Fund Management Joint-Stock Company on January 26, 2021. Under the terms, VinaCapital Fund Management Joint-Stock Company disposed 1.1 million shares of Cam Ranh International Airport Services Joint-Stock Company.
An unknown buyer completed the acquisition of 5.98% stake in Cam Ranh International Airport Services Joint-Stock Company (HNX:CIA) from VinaCapital Fund Management Joint-Stock Company on January 26, 2021. Reported Earnings • Feb 02
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₫100.6b (down 66% from FY 2019). Net loss: ₫36.6b (down 255% from profit in FY 2019). Is New 90 Day High Low • Dec 08
New 90-day high: ₫15,300 The company is up 49% from its price of ₫10,300 on 09 September 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 22% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: ₫11,200 The company is up 12% from its price of ₫10,000 on 11 August 2020. The Vietnamese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 23% over the same period. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total losses of ₫15.7b, with earnings decreasing by ₫33.6b from the prior year. Total revenue was ₫156.1b over the last 12 months, down 42% from the prior year. Announcement • Aug 14
Cam Ranh International Airport Services Joint-Stock Company has completed an IPO in the amount of VND 72.85525 billion. Cam Ranh International Airport Services Joint-Stock Company has completed an IPO in the amount of VND 72.85525 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,450,000
Price\Range: VND 50245