On March 15, in Hanoi, Mr. Ngo Truong Nam - General Director of Deo Ca Group (DCG), spoke at the "Identifying stock market opportunities in 2022" seminar. The speech was about identifying opportunities for transport infrastructure enterprises from the Government's Economic Recovery Program when a large amount of capital will be invested in this area.
Overview of the seminar
The seminar was attended by representatives of the State agencies, experts, and businesses, including DCG.
From the national plans, such as the expressway target, the Government has set a target of 5,000km by 2030. From now until 2030, the transport infrastructure industry has excellent development prospects.
In addition to the resources from the National Assembly and the Government for the medium-term plan, there is over 100,000 billion VND in the economic recovery package. The goal of this package is to disburse quickly to boost the economy in the next 1 or 2 years. "With the planning, goals, and resources that the Government has devoted to the road transport field, it is an unprecedented opportunity for transport infrastructure enterprises," said Mr. Ngo Truong Nam.
With the characteristics of public investment projects, from 2022 to 2025 is the period when businesses can see the most opportunities for growth.
"DCG continues to implement road traffic projects with a focus on investment under the PPP method, maximizing the added value from traffic works and constructing projects. We also consider the stock market an effective capital mobilization channel for completing a large volume of work. Recently, HHV stock (stock symbol of a subsidiary in the Group) has been moved from Upcom to HOSE to aim for higher standards of transparency. This year, we are completing the procedures to increase HHV capital to mobilize investment capital for PPP projects. This is an opportunity for investors in the stock market to accompany Deo Ca invest in transport projects", said Mr. Nam.
Mr. Ngo Truong Nam spoke at the seminar
Currently, DCG has invested in Cao Lam - Vinh Hao expressway and is prepared to invest in Dong Dang - Tra Linh and Tan Phu - Bao Loc expressways. These are all very large-scale projects with a total capital demand of 16,500 billion VND. DCG determined that it was necessary to diversify capital sources, including credit capital, capital mobilized from the stock market, money from business cooperation contracts with partners...
Construction and installation of public investment projects are activities that bring revenue and profits in the short term for DCG. This year, the Government is speeding up the preparation procedures for investment in the North-South Expressway in the second phase. “If assigned tasks by the State agencies, DCG is confident to effectively promote its experience and available resources to complete tasks on schedule, ensure quality and save costs,” said Mr. Nam.
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