A VN30 Stock Surges to Ceiling After 4.5 Trillion Real Estate Project Announcement

DGC stock of Duc Giang Chemical Group unexpectedly surged to the ceiling price of 100,000 VND/share, the highest in two months, following the approval of a 4.5 trillion VND real estate project in Hanoi. The trading volume reached 6.4 million shares, many times higher than the average. This large-scale project is implemented by Duc Giang Real Estate Company, with profit estimated at 413 billion VND in 2027 and 1 trillion VND in 2028. Despite shareholder interest in real estate investment, Chairman Dao Huu Huyen stated the company remains focused on chemical manufacturing. In the first nine months, DGC reported revenues of 8.521 trillion VND, with after-tax profit increasing by 7%. Total assets also saw a significant increase, with cash making up 67% of total assets.

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