HCMC – PetroVietnam Technical Services Corporation (HOSE: PVS) expects to achieve consolidated revenue of around VND24 trillion in 2024 and pre-tax profit of VND1.1 trillion.
These figures exceed the company’s targets by 54.8% for revenue and 28.2% for profit. The growth is attributed to strong performance across most sectors, particularly a 32% surge in offshore renewable energy.
While the oil and gas mechanical services sector is forecasted to maintain last year’s revenue, other business areas have experienced growth.
In early December, Vietnam Oil and Gas Group (PVN) recommended that the Vietnamese Government support PVS in advancing an offshore wind power project, intended to export renewable power to Singapore. The project is seen as a key step in strengthening bilateral economic ties.
Looking ahead to 2025, the company aims for total revenue of VND22.5 trillion, surging 40% over the 2024 target but lower than this year’s achievements.
Closing the trading session today, December 12, PVS edged down by 0.58% to VND34,000 per share, with a trading volume of over 1.8 million shares.
The Hochiminh Stock Exchange wrapped up the session with 151 winners and 230 losers. The VN-Index lost 1.51 points, or 0.12%, to end at 1,267.35 points.
Stock trade dropped nearly 12% in both volume and value over the previous session, with 554.1 million shares worth about VND13.5 trillion changing hands. Block deals accounted for 66.1 million shares worth VND1.85 trillion.
Blue-chip stocks saw mixed performance, leaving the VN30-Index at 1,335.55 points, a fractional 0.07% lower than the session earlier.
Bank stocks HDB, SHB, TPB, TCB, and VPB posted high trading volumes, ranging from 12 million to 23 million shares. VPB was the most actively traded stock with over 23 million shares changing hands.
RYG saw a 12% surge on its debut session today, closing at VND16,800 per share with nearly 270,000 shares traded.
On the northern market, the HNX-Index inched down 0.19 point, or 0.08%, to 227.99 points, with 70 advancers and 85 decliners. There were 46.2 million shares valued at VND874.5 billion being transacted on the Hanoi Stock Exchange.
