Joint Stock Company Ton Dong A (code GDA) recently decided to transfer share listing from UPCoM to the Ho Chi Minh City Stock Exchange (HoSE). The Board of Directors authorized the Chairman or CEO to carry out necessary procedures. Ton Dong A has operated on UPCoM since September 2023, primarily producing steel products such as galvanized and coated steel, with a capacity of 800,000 tons/year. The company competes with Hoa Sen Group and Nam Kim Steel. To expand, Ton Dong A is implementing the Phu My coated steel plant project, with an investment of 7 trillion VND and a capacity of 1.2 million tons/year. However, GDA shares have decreased nearly 12% this year, currently at 17,600 VND/share, with a market capitalization of about 2.6 trillion VND. In the first six months of the year, revenue fell by 18% to 8,233 billion VND, and net profit also dropped by 44% to 150 billion VND, with the company failing to meet its annual plan, achieving 46% of revenue and 50% of profit.
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