May 20, 2022
With an estimated profit of VND 300 billion from divestment of financial investments, Tracodi is able to complete 80% of the planned annual profit right by the second quarter this year.
Hoian d'Or project (Tracodi is the general contractor) has been completed 90% of the internal infrastructure and the “body” of 202 shophouses, expected to be handed over in the third quarter of 2022.
It was shared by Mr. Nguyen Thanh Hung - Chairman of Transport and Industry Development Investment Joint Stock Company (Tracodi, TCD - HOSE) at the investor meeting on May 13.
At the end of the first quarter this year, Tracodi's net revenue reached VND 525 billion, after-tax profit was VND 111 billion, it was a 60.7% year over year growth. In the second quarter of 2022, Tracodi is putting more effort on real estate and infrastructure to ensure those projects stay on schedule.
On May 12, Tracodi kick-started the project of a residential area which is adjacent to Duc Thang residential area, Hiep Hoa district, Bac Giang province. The total contract value is about VND 31 billion, it is expected to be finished within 6 months, by the end of 2022. It is also predicted that on May 21, Tracodi starts the XL-10 which is a construction bid, to build a runway at Phan Thiet airport with a total contract value of about VND 406 billion.
In Quang Nam, raw construction of Malibu Hoi An including 96 villas and 675 resort apartments has been 100% completed. The condotel and commercial center areas have been 80% completed and is expected to come into operation from the third quarter this year. The raw construction of the villas have been 88% completed, 20% have been completely finished. The whole project is expected to be handed over in the first quarter of 2023. Its total contract value was over VND 2,338 billion.
Also in Quang Nam, Hoian d’Or, with an area of 24.5 hectares, contract value of 529.6 billion VND, has been 90% completed. 500 - 700 workers are continuously working 3 shifts a day in order to hand over the shophouses this year and the entire project within 2023.
Public utilities and a show house of Casa Marina Mui Ne resort , a real estate project with 34 villas, 722 resort apartments, have been completed, and the overall landscape is being built. Phase 1 of the project is expected to be completed in August 2022 and bring 177.2 billion in revenue.
A model house and community utilities of Casa Marina Premium, another project in Binh Dinh has been finished. This impressive project of 160 villas is expected to bring in more than VND 1,600 billion in revenue for Tracodi in the third quarter of 2023.
In Ho Chi Minh City, a model house of the Amor Riverside Villas project including 33 villas, has been completed and the community infrastructure is being built. This project is estimated to be completed in 2022, recording a revenue of VND 240 billion.
Tracodi is putting more effort on the King Crown Infinity project with a contract value of more than VND 3,113.3 billion. This is a complex project with 30 floors and 5 basement levels. The first floor has been completed ; B1, a concrete floor has been 42% done. The engineers and workers are working 24/7, divided into 3 continuous shifts in order to hand over the project in 2023 as commitment to the investors.
In addition, by the first quarter of 2022, Tracodi completed 9 rooftop solar power projects with a total contract value of over 148 billion. The company is installing rooftop solar power panels at 5 factories of Vinamilk with a total contract value worth more than VND 156 billion.
During the investor meeting on May 13, Chairman of Tracodi said that the market price of TCD stocks is lower than the actual value because of the influence of the stock market's movements. "Tracodi's likely to finish this year even beyond expectations in the business plan, we believe the stock market price will return to where it used to be soon," Mr. Hung said.
According to Stock Investment