Coteccons (CTD VN): On target for record high revenue exceeding USD$1 billion
The construction firm projects to have revenue of VND30 trillion (about USD1.14 billion, up +21% YoY) and consolidated profit after tax of VND700 billion (about USD26.6 million, up +54% YoY) for fiscal year ending on 30 June 2026. If successful, it would surpass 2018 revenue and be the new all-time high record in term of revenue. Valuation-wise, Coteccons is now trading at less than 1x price-to-book (P/B). CTD VN closed at VND81,600 per share on 2nd October 2025, thus 25.9x P/E and 0.9x P/B.
CIDICO (CCI VN): Key takeaways from EGM
On 30 June 2025, CIDICO was reported to hold 5.5 million shares of VietABank (VAB VN), having mark-to-market value of VND64.1 billion (about USD2.4 million). This share parcel was reported as not being used as collateral against any borrowing and the company is considering increasing exposure. The company has been running the expansion plan for the Northwest Cu Chi Industrial Park (HCMC) which had size of 173 hectares. This project will be partially funded by proceeds from a potential public offering of over 5.8 million additional shares. CCI VN closed at VND25,750 per share on 2nd October 2025, resulting 10.5x P/E and 1.6x P/B.
TTC AgriS (SBT VN): Strategies by 2030
The management has been proposing Development Strategies through to 2030 to its shareholders for approval, in which there the propositions includes a target market cap of USD2.7 billion in 2030. In this fiscal year (ending on 30 June 2026), the company set conservative objectives with revenue of VND26.5 trillion (about USD1 billion, down -7% YoY) and pre-tax income of VND951 billion (about USD36.2 million, up +0.1% YoY).
About shareholder structure, institutional ownership increased from about 40% up to nearly 54% within the last fiscal year. SBT VN closed at VND24,000 per share on 2nd October 2025, leading to 26.2x P/E and 1.7x P/B.
REE Corporation (REE VN): Running for the IFC office tower in Thu Thiem, HCMC
REE submitted a proposal to the HCMC provincial authority, expecting to be an investor of an office building for lease relates to the International Financial Centre (IFC) project of HCMC. The core part of this IFC project, consisting of 11 lots, requires about VND16 trillion (about USD608 million) to build up. In H1, REE made revenue of VND4,582 billion (about USD174 million, up +14% YoY) and net income of VND1,234 billion (about USD47 million, up +48% YoY), reflecting a strong C-suite focus on operational performance across its business lines. REE VN closed at VND65,200 per share on 2nd October 2025, thus 14/7x P/E and 1.5x P/B.
