Tiếng ViệtOn August 26, 2023, MST Investment Joint Stock Company (ticker MST – HNX exchange) held a groundbreaking ceremony to commence the construction package for the lighting system at the National Highway 46B interchange and toll station.
Project Details
The project is part of the Diễn Châu – Bãi Vọt Expressway, under the “Component Project for the Construction of Several Sections of the Eastern North–South Expressway for the 2017–2020 Period.”
Located in Hung Tay Commune, Hung Nguyen District, Nghe An Province, the project has a total construction value of over VND 56.51 billion and will be executed over 11 months, funded by the State budget and a PPP (Public-Private Partnership) project.
MST – A Reputable Construction Company with Strong Growth
Established in 2009 with an initial charter capital of VND 10 billion, MST has built a strong reputation in the construction of transportation infrastructure, particularly in bridge and road works. The company officially listed its shares on the Hanoi Stock Exchange (HNX) in 2016.
Business Performance
In the second quarter of 2023, MST reported:
- Revenue: VND 331.57 billion (up 504.7% year-on-year)
- Net profit after tax: VND 45.75 billion (up 175.1% year-on-year)
For the first six months of 2023, MST recorded:
- Cumulative revenue: VND 541.06 billion (up 250.5% year-on-year)
- Net profit after tax: VND 46.1 billion (up 90.4% year-on-year)
With a 2023 target of VND 1,100 billion in revenue and VND 86.72 billion in net profit after tax, MST had achieved 53.1% of its annual profit goal by midyear.
Stock Market Performance
On September 5, 2023, MST’s stock price increased by VND 300, closing at VND 6,000 per share.