Duyuru • Apr 02
Viettel Construction Joint Stock Corporation, Annual General Meeting, Apr 22, 2026 Viettel Construction Joint Stock Corporation, Annual General Meeting, Apr 22, 2026, at 13:30 SE Asia Standard Time. Location: 6th floor hall, lao dong newspaper building, no. 6, pham van bach street, cau giay ward, hanoi Vietnam New Risk • Mar 09
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 5.9% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to ₫78,600. The fair value is estimated to be ₫102,579, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Reported Earnings • Feb 02
Full year 2025 earnings released: EPS: ₫5,244 (vs ₫4,705 in FY 2024) Full year 2025 results: EPS: ₫5,244 (up from ₫4,705 in FY 2024). Revenue: ₫14t (up 11% from FY 2024). Net income: ₫599.8b (up 11% from FY 2024). Profit margin: 4.3% (in line with FY 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Construction industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫95,900, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Construction industry in Vietnam. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫99,637 per share. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: ₫1.48 (vs ₫1,361 in 3Q 2024) Third quarter 2025 results: EPS: ₫1.48. Revenue: ₫3.97t (up 11% from 3Q 2024). Net income: ₫168.9b (up 8.5% from 3Q 2024). Profit margin: 4.3% (down from 4.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Vietnam. Price Target Changed • Sep 17
Price target decreased by 7.3% to ₫114,425 Down from ₫123,400, the current price target is an average from 4 analysts. New target price is 25% above last closing price of ₫91,600. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₫4,854 for next year compared to ₫4,705 last year. Declared Dividend • Sep 13
Dividend reduced to ₫2,150 Dividend of ₫2,150 is 21% lower than last year. Ex-date: 30th September 2025 Payment date: 15th October 2025 Dividend yield will be 2.4%, which is lower than the industry average of 5.1%. Sustainability & Growth The dividend has increased by an average of 50% per year over the past 3 years and payments have been stable during that time. Reported Earnings • Jul 26
Second quarter 2025 earnings released Second quarter 2025 results: EPS: ₫1,267. Net income: ₫145.0b (up ₫145.0b from 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Vietnam. Price Target Changed • Jul 09
Price target decreased by 9.9% to ₫127,225 Down from ₫141,135, the current price target is an average from 4 analysts. New target price is 24% above last closing price of ₫103,000. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₫4,740 for next year compared to ₫4,705 last year. Buy Or Sell Opportunity • Jun 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to ₫90,000. The fair value is estimated to be ₫113,801, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. New Risk • Apr 24
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 7.0% 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 High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫85,300, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Construction industry in Vietnam. Total returns to shareholders of 4.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫146,919 per share. Duyuru • Mar 28
Viettel Construction Joint Stock Corporation, Annual General Meeting, Apr 16, 2025 Viettel Construction Joint Stock Corporation, Annual General Meeting, Apr 16, 2025, at 13:30 SE Asia Standard Time. Location: at the meeting hall of 15th floor, no, 1 giang van minh street, kim ma ward, ba dinh district, Vietnam New Risk • Nov 21
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 4.6% 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. This is currently the only risk that has been identified for the company. Duyuru • Sep 18
Viettel Construction Joint Stock Corporation Announces Cash Dividend for the Year 2023, Payable on October 18, 2024 On September 17, 2024, the BOD of Viettel Construction Joint Stock Corporation approved the record date for the cash dividend payment in 2023 as follows: Record date: September 30, 2024. Exercise ratio: 27.2%/share (VND 2,720 /share). Payment time: October 18, 2024. New Risk • Apr 15
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. This is currently the only risk that has been identified for the company. New Risk • Mar 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Duyuru • Jan 08
Viettel Construction Joint Stock Corporation Approves Plan for 2022 Cash Dividend Payment, Payable on February 06, 2024 On January 03, 2024, the BOD of Viettel Construction Joint Stock Corporation approved the record date for the remaining cash dividend payment in 2022 as follows: Record date: January 19, 2024. Exercise ratio: 19.19%/share (1,919 dongs/share). Payment time: February 06, 2024. Buying Opportunity • Dec 06
Now 21% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be ₫111,865, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Sep 07
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Duyuru • Jun 21
Viettel Construction Joint Stock Corporation Announces Cash Dividend for 2022, Payable on July 31, 2023 On June 19, 2023, Viettel Construction Joint Stock Corporation issued the Board resolution to approve the record date to pay cash dividend for 2022 as follows: Exercise ratio: 10%/share (VND 1,000 per share). Record date: June 30, 2023. Payment time: July 31, 2023. Buying Opportunity • Mar 02
Now 21% undervalued Over the last 90 days, the stock is up 8.3%. The fair value is estimated to be ₫71,127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Feb 13
Now 21% undervalued Over the last 90 days, the stock is up 53%. The fair value is estimated to be ₫72,640, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Khai Nguyen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jun 10
Viettel Construction Joint Stock Corporation to Pay Cash Dividend, Payable on July 30, 2022 Viettel Construction Joint Stock Corporation announced to pay cash dividend of Exercise ratio: 10%/par value (1,000 dongs/share) with record date as June 20, 2022 and payable date as July 30, 2022. 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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 06
Viettel Construction Joint Stock Corporation, Annual General Meeting, Apr 22, 2022 Viettel Construction Joint Stock Corporation, Annual General Meeting, Apr 22, 2022, at 01:00 Coordinated Universal Time. Location: Viettel Building, No.1 Giang Van Minh Kim Ma Ward, Ba Dinh District, Ha Noi Ha Noi City Vietnam