Dat Phuong shares (DPG) rise over 40% in more than a month: What’s happening?

DPG shares of Dat Phuong Group have surged, reaching the ceiling price of 45,150 VND/share on June 17, with an increase of over 42% since mid-May. Dat Phuong operates in construction, energy, and real estate, primarily in Quang Nam and Hoi An. The merger of Quang Nam with Da Nang and the establishment of a free trade zone are expected to boost DPG’s development. The company plans to pay a 10% dividend for 2024 and issue nearly 37.8 million new shares, raising its charter capital to over 1 trillion VND. According to ACBS, DPG’s backlog value is over 6 trillion VND, enabling revenue and profit recognition in 2025-2026. DPG anticipates 2025 revenue of 4.081 trillion VND, a 14% increase, and profit of 289 billion VND, a 29% increase. Projects like Casamia Balanca and a glass factory are set to be launched, promising significant future revenue.