Thu Duc House is a leading trademark in property investment and trading in Vietnam. After 5 years of equitisation (since 2001), Thu Duc House has made admirable progresses and become a big dynamic company with a chartered capital of VND170 billion (US$10.62 million), a total assets value increasing 14 folds and equity value of VND540 billion (36 folds). Especially, on December 14, 2006, Thu Duc House will list its 17 million shares, coded TDH, with an individual nomination value of VND10,000, or VND170 billion worth of listed shares in total, on the Ho Chi Minh City Securities Trading Centre.
With sound leadership of the company’s management apparatus and the devotion of its professional and dynamic staff, Thu Duc House has reaped great successes in the fields of investment, trading and services. Particularly, the sales and service revenues increased averagely 81.48 per cent a year in the 2002 and 2005 period. The Thu Duc House’s earnings per share were 39.98 per cent a year.
Products of Thu Duc House are various with more than 30 housing, new urban zone and apartment projects for medium and high income earners. At present, the company is carrying many projects in Ho Chi Minh City, including Binh Chieu New Urban Zone, Truong Tho Apartment Complex (Thu Duc District), Hiep Phu Deluxe Apartment, Phuoc Long B Apartment. Especially, Thu Duc House cooperated with South Korean partner to build the deluxe Canatvil apartment in District 2, which not only brings in high profit but also improves the image and reputation of Thu Duc House.
The very business professionalism in combination with active cooperation and joint-venturing with other companies to diversify its products and apply effective and safe financial solutions has given more strength to Thu Duc House. The company is also a strategic partner in many banks and financial companies such as HSC, OCB, HDB and PPI. In parallel, Thu Duc House has received capital from over 15 strategic shareholders, which are large firms, financial companies and banks like REE, BIDV, CII, OCB, EXIMBANK, SSI and HSC as well as prestigious foreign organisations and investment funds like Dragon Capital, BIVM and Horizon Capital Adviser. This proves that the plan for business and investment expansion has attracted the interest of professional financial investors.
Mr. Le Chi Hieu, General Director of Thu Duc House, said: “The price of Thu Duc House’s shares increased steadily on the market after the company issued the shares to raise its chartered capital. In fact, Thu Duc House shares not only attract the intention of individual investors but also institutional investors, both Vietnamese and foreigner. Notably, HSBC, on its global report “Vietnam Equities: Time to go in”, rated Thu Duc House as one of the most prospective listed companies on the Vietnamese stock market. This is also a good indicator for Thu Duc House shares before debuting on the stock market.
Anh Dao
Vietnamese
