Decoding the stock price fever of the traffic BOT tycoon HUT

HUT stock has prospered since the beginning of 2022 after Tasco Joint Stock Company suddenly reported profit after tax in the fourth quarter of 2021 reaching VND 177 billion thanks to divestment of subsidiaries. Thereby ending the series of 6 consecutive quarters of loss, and at the same time recording a profit after tax of 47.8 billion dong for the whole year.

In addition, Tasco’s Board of Directors is also showing moves around restructuring the field of operation. It is expected that the AGM next April will come to a final decision.

Specifically, Tasco’s Board of Directors has just approved a Resolution to divest capital from the healthcare sector in the direction of transferring all contributed capital in its subsidiary – T’Hospital Co., Ltd. This transfer will bring the company a significant financial revenue and will probably be recognized in the financial statements of the first quarter of 2022.

Decoding the stock price fever of the traffic BOT tycoon HUT

In addition, Tasco has just approved a plan to increase capital to swap 100% of the contributed capital in SVC Holdings Co., Ltd., aiming to build the No. 1 transportation infrastructure development and investment group in Vietnam. Vietnam. Tasco has also just revealed its ambition to develop the real estate sector with the Tasco Land brand, focusing on managing and developing Tasco’s real estate projects today, in cooperation with Saigon General Services Joint Stock Company. Saigon (Savico) to develop new projects. This cooperation is concretized by contributing capital to SVC Holdings Co., Ltd.

In particular, the handshake between the traffic BOT tycoon and Savico showed Pham Quang Dung’s ambition to encroach into the auto business.

SVC Holdings has increased its capital to more than 5,100 billion dong in December 2021. According to the registration certificate, SVC Holdings operates in the business of automobiles and motor vehicles, in parallel with real estate activities….

Thus, after owning SVC Holdings, in addition to operating in the fields of investment in transport infrastructure and real estate, Tasco will also trade in more cars, including supplying new and used cars of all kinds, and popular cars. , luxury cars, car-related services.

SVC Holdings currently owns 54.1% of Saigon General Services Joint Stock Company (Savico), 100% of Savico Hanoi, 80% of Nordic Automobile Joint Stock Company (Volvo Vietnam), 59.8 % DANA Joint Stock Company (Da Nang Ford). In 2021, SVC Holdings still has revenue of more than 27,000 billion and pre-tax profit of nearly 408 billion.

According to data from the Vietnam Association of Automobile Manufacturers (VAMA), the company is currently a major automobile distributor in Vietnam with more than 11.2% market share. The company is also a major distributor of Toyota (nearly 20% market share), Ford (33% market share) and a distributor of Volvo luxury car brands in Vietnam.

According to VAMA, in 2021, the whole market will consume 304,000 vehicles in the entire SVC Holdings system, selling 31,000 vehicles, accounting for more than 10% of the country’s market share.

SVC Holdings currently owns and participates in investing in many real estate projects, commercial centers, office buildings, tourism projects in big cities with prime locations such as: Savico Megamall Center in Hanoi – 4.6ha; Savico Da Nang commercial center – 4,739m2; Savico Can Tho commercial center – 2,849m2; Long Hoa Can Gio residential area – 29.8ha; Savico Nam Cam Le complex – 2.1ha; Savico Pho Quang – 9,028m2; Mercure Son Tra project – 5.76ha; office 91 Pasteur – 1,604m2; some other office buildings at Tran Hung Dao, Ly Tu Trong, Savico Tower Nam Ky – Khoi Nghia, ….

Tasco’s leadership has changed since January 1, 2021 after Mr. Ho Viet Ha took over as Chairman of the Board of Directors, replacing Mr. Pham Quang Dung, and Mr. Nguyen Huy Tuan took over as General Director, replacing Mr. Nguyen Viet Tan.

Mr. Dung is currently a member of the Senior Strategic Advisory Board at Tasco. This businessman from Hai Hau, Nam Dinh, currently holds more than 26 million HUT shares, equivalent to 7.46% of the company’s charter capital, thereby being the largest individual shareholder in Tasco.

At the current price of HUT, Mr. Pham Quang Dung is holding shares worth VND940 billion, an increase of VND400 billion since the beginning of 2022.

In addition, Mr. Dung’s wife, Tran Thi Cuc, son Pham The Hung and daughter Pham Thi Nhai currently hold about 214 thousand HUT shares.

his gentle

Who is the “BOT boss” who acquires a business that owns a lot of “golden land” in Ho Chi Minh City?

According to the passed Resolution, HUT wants to swap 100% of its contributed capital at SVC Holdings Co., Ltd., setting the ambition to build the No. 1 investment, service development and transport infrastructure group in Vietnam.