Hai Duong Province firm lists in HCM City
Hai Duong Province firm lists in HCM City
Hai Duong-based HCD Investment Producing and Trading Joint Stock Company on July 4 listed 13.5 million shares on the HCM City Stock Exchange at a reference price of VND12,900 each.
Founded in 2011 the company, formerly known as HCD Metallurgy Joint Stock Company, specialises in the import and export of PE, PP, HD, LD, LLD, PS plastic resins and trading in construction materials like iron, steel, and industrial limestone.
In the first quarter of this year its sales topped VND78.3 billion (US$3.5 million). Its after-tax profit was VND4.7 billion ($210,762), or 53 per cent of the full-year profit in 2015.
Plastic resin sales have been robust in recent years.
According to experts, the plastics industry is one of the fastest growing in Viet Nam, expanding annually at 16-18 per cent in recent years.
Stocks of plastic industry firms are among investors' favourites.
