tải bet88730mln BCG Energy shares officially listed on UPCoM

On July 31, the Hanoi Stock Exchange (HNX) began the trading tải bet88 the BCG Energy JSC’s shares, with 730 million under the code BGE debuting on the UPCoM market at a reference price tải bet88 VND15,600 (>155_word_end<.61) per share. On its first trading day, the shares were allowed to fluctuate within a range tải bet88 +/- 40 per cent. The 730 million BGE shares give the company a market capitalization tải bet88 VND11.388 trillion (6.59 million).

“This is an important milestone on our journey, symbolizing not only growth but also our commitment to shaping the future tải bet88 the renewable energy market in Vietnam,” Mr. Ng Wee Siong Leonard, Chairman tải bet88 BCG Energy, said in his address at the inauguration tải bet88 the BGE shares.

“With this new milestone as a public company, we commit to maintaining the highest standards in corporate governance and transparency,” he emphasized. “Our commitment to these principles will ensure that we operate with integrity, maintain shareholder trust, and create long-term value for all stakeholders.”

BCG Energy is a key player in the energy sector tải bet88 the Bamboo Capital Group (HoSE: BCG). The company was established in 2017, and its registered capital currently stands at VND7.3 trillion (6.27 million). Its total assets have reached VND20 trillion (4.31 million), with nearly VND10 trillion (2.16 million) in equity.

BCG Energy has continuously posted impressive business results over recent years. In 2021, the company recorded revenue tải bet88 VND760 billion (.8 million), which then increased by 40 per cent to VND1.064 trillion (.76 million) in 2022. In 2023, its net revenue again increased, by 5.8 per cent, reaching over VND1.125 trillion (.12 million).

In the first half tải bet88 2024, BCG Energy’s consolidated net revenue stood at VND698.8 billion (.42 million), a 22 per cent increase compared to the same period tải bet88 2023. Consolidated after-tax profit was VND290.7 billion (.4 million), a 33-fold increase compared to the first half tải bet88 2023. The significant profit increase is attributed to BCG Energy’s effective reduction tải bet88 financial costs, particularly interest expenses. Additionally, its growth driver has been its solar power system, with a total capacity tải bet88 600 MW, ranking in the top 3 in Vietnam.

BCG Energy’s capital structure has also seen significant improvement and stability over the years. Its debt-to-equity ratio, which was 1.9-times at the end tải bet88 2022, has fallen to 0.99 as tải bet88 June 30, 2024. Moreover, its debt-to-equity ratio has declined from 1.25 at the end tải bet88 2022 to 0.64 as tải bet88 June 30, 2024.

The proportion tải bet88 debt in total capital is increasingly controlled at a stable level each year, indicating that BCG Energy is maintaining safe financial leverage and minimizing risks from the macro-economy.

Its renewable energy sector has become a crucial pillar, contributing the largest proportion tải bet88 revenue to the Bamboo Capital Group. Specifically, cumulative revenue in the first half tải bet88 this year for the Group totaled VND2.1 trillion, a 15.7 per cent increase compared to the same period last year. BCG Energy’s renewable energy sector contributed VND698.8 billion (.42 million) to the Group’s revenue, accounting for 32.8 per cent.

BCG Energy currently owns a portfolio tải bet88 nearly 1 GW approved under the Power Development Plan VIII (PDP8) to be implemented by 2030. tải bet88 note, a series tải bet88 large-scale wind power projects, including Dong Thanh 1 (80 MW) and Dong Thanh 2 (120 MW) in the Mekong Delta’s Tra Vinh province and Khai Long 1 (100 MW) in nearby Ca Mau province, will be implemented this year and are expected to be operational by 2025. Once these projects come online, they will increase BCG Energy’s total power generation capacity by about 53 per cent.

Another notable highlight in BCG Energy’s business activities is the company’s entry into the waste-to-energy sector. On July 20, the Bamboo Capital Group and BCG Energy successfully held a breaking ground ceremony for the Tam Sinh Nghia waste-to-energy plant in Thai My commune, Cu Chi district, Ho Chi Minh City.

Phase 1 tải bet88 the plant, to be built from 2024 to 2025, has total investment tải bet88 VND6.4 trillion (2 million), a waste incineration capacity tải bet88 2,000-2,600 tons a day, and a power generation capacity tải bet88 60 MW. The plant’s projected annual electricity output is up to 365 million kWh, meeting the electricity needs tải bet88 about 100,000 households while reducing carbon dioxide emissions by approximately 257,000 tons a year.

Phase 2 tải bet88 the project, expected to be implemented in 2026-2027, will increase the waste incineration capacity to 6,000 tons a day and the power generation capacity to 130 MW, making it the largest waste-to-energy plant in the world. Phase 3, scheduled for 2027 to 2029, aims to increase the waste incineration capacity to 8,600 tons a day and power generation capacity to 200 MW.

Along with the construction tải bet88 the Tam Sinh Nghia waste-to-energy plant in Ho Chi Minh City, BCG Energy will soon implement similar waste-to-energy plant projects in the Mekong Delta’s Long An and Kien Giang provinces. These projects will help strengthen and elevate BCG Energy’s leading position in Vietnam’s renewable energy sector.

To meet the demand for developing more large-scale energy projects, in addition to raising capital from banks and financial institutions, both domestic and international partners, listing on UPCoM will facilitate BCG Energy’s fundraising for potential energy projects.

With the impressive profit jump in the first half tải bet88 2024, a safe and stable financial leverage ratio, and newly-enacted policies supporting the renewable energy sector, BGE could become a promising stock leading the energy sector in the second half tải bet88 this year.