Song Da Cao Cuong (SCL) plans to offer 6 million common shares at 12,500 VND per share, expecting to raise 75 billion VND to increase charter capital, restructure funding and ensure financial balance. Subscription registration runs from Nov. 17, 2026 to Dec. 8, 2026, while the rights transfer period runs from Nov. 17 to Dec. 3, 2026. The company has charter capital of over 388.3 billion VND, is headquartered in Hai Phong and trades on UPCoM. Founded in 2007 with fly ash production, it has expanded into AAC blocks, panels, dry mortar, adhesives and artificial gypsum; 2025 net revenue was about 618.6 billion VND and after-tax profit about 64.3 billion VND. In 2024 revenue, bricks, panels, mortar and adhesives accounted for about 76.3%, while fly ash made up 19%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Sông Đà Cao Cường chào bán 6 triệu cổ phiếu
Keywords
SCLcapital raisingbuilding materials
Open a keyword to see other news on the same topic.
Related news
- 100 Million Tonnes of Special 'Treasure' Discovered, Vietnam Moves Immediately to Exploit It
The article argues that rapid industrialization and urbanization put Vietnam in a dual bind: rising demand for construction materials and pressure to handle large volumes of waste. According to UNEP, the world consumes over 42 billion tonnes of materials a year, and shifting to a circular economy that treats waste as a resource has become a vital global strategy. Japan reused and recycled 99.3% of its 12.35 million tonnes of coal ash in 2016, while European countries reused more than 90% of about 40 million tonnes of coal-combustion waste that year. In Vietnam, the Ministry of Construction says the country had consumed about 100 million tonnes of thermal power ash and slag by the end of 2024, though waste backlogs remain a heavy burden in some localities. The article also highlights Song Da Cao Cuong Joint Stock Company (SCL), which pivoted to recycling thermal power ash in 2007 and was among 227 enterprises honored in the 10th Vietnam National Brand program (2026).
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Allegion plc Q3 2026 Earnings Call Summary
- Securities firm BSC highlights three undervalued stock groups with expected strong gains in 2027
In its Q4 2026 strategy report, BIDV Securities (BSC) prioritises three sectors that benefit from domestic growth and have cheap or reasonable valuations: banking, retail and building materials. Building materials was upgraded on expectations of stronger public investment disbursement in Hanoi and Ho Chi Minh City, with sector profit forecast to grow about 22% in 2027. Hòa Phát (HPG) has a target price of 32,700 VND, implying 60% upside, with profit expected to rise 81% in 2026 and 17% in 2027. Among banks, BSC picks Vietcombank (VCB), MB (MBB) and VPBank (VPB), while in retail, Thế Giới Di Động (MWG) is rated attractive with a forward 2027 P/E of about 8.7 times and a target price of 102,500 VND (39.6% upside). Separately, FPT is viewed positively as new contract signings rose 28% in the first nine months of 2026.
- Minister Trần Hồng Minh: Disbursing 100% of Public Investment Capital Is a Directive
The Ministry of Construction has entered the final push of the year, determined to disburse 100% of its public investment capital plan, which Minister Trần Hồng Minh treats as a mandate and a top political task tied to evaluating each unit's performance. At a 9-month review meeting in 2026, the minister ordered departments to work directly with each project management board to identify bottlenecks, and to bar contractors who stall or lack capacity from future projects. Key challenges include shortages and volatile prices of construction materials such as fill soil, sand, stone and asphalt, as well as a lack of engineers and skilled workers. For Mekong Delta projects facing material shortages, the ministry is studying alternative technical solutions and materials. Deputy Secretary of the Government Party Committee Nguyễn Thị Tuyến urged the ministry to continue disbursement under Resolution 312/NQ-CP and asked localities to promptly issue construction material price indexes that reflect market changes.
- As Major Construction Sites Light Up Together, SSI Names Two Industry Groups Poised to Benefit, Potentially Creating a “Wave” Next Year
SSI Research views 2026 as a preparation and site-clearance phase for many public investment projects, with construction concentrated in 2027, and rates both industrial real estate and construction materials favorably. For industrial parks, registered FDI in the first nine months of 2026 rose 76.4%, and leasing demand is recovering, but margins for new parks are estimated at only about 30–35%, below those of existing projects. In construction materials, finished steel sales rose 17.8% in the first eight months to 15.2 million tonnes, and SSI highlights Hòa Phát (HPG) as a standout, forecasting core profit growth of 42% in 2026 and 23% in 2027. Domestic cement consumption rose 16.1% over the same eight months, and Vicem Hà Tiên (HT1) is forecast to see strong profit growth. The analysts note that coal prices and input costs remain key variables for profitability.
Related markets
Latest news
- This Rock-Solid Dividend ETF Could Be a Better Option Than Tracking the S&P 500
The Schwab U.S. Dividend Equity ETF (SCHD) focuses on quality dividend stocks with sustainable payouts and strong fundamentals relative to peers. The fund holds just 12% in technology, while consumer staples, healthcare and energy make up 55% of its portfolio, giving it diversification and fairly low volatility. It offers a yield of 3.2%, well above the S&P 500 average of approximately 1.1%, and charges an expense ratio of just 0.06%. The fund has also returned around 30% this year, outperforming the market, before factoring in its dividend.
- Elon Musk Reveals the Real Reason He Hasn't Confirmed a SpaceX-Tesla Merger Will Happen
Speculation about a possible SpaceX-Tesla merger keeps growing, and for many investors it is a question of when, not if. Musk has not confirmed the deal because of regulatory risk, describing the topic as “tap dancing through a minefield” while saying there is “a lot of merit” in combining the companies. He says special committees have been formed to consider a merger, but he cannot take part as a “conflicted party,” and shareholders would need to approve any deal. The article suggests an announcement could come soon, but regulatory review would likely take much longer, and since both stocks are already highly valued, an announcement may not push either share price much higher in the short term.
- Amazon Is Underperforming the S&P 500 and Nasdaq-100. Could Oct. 29 Mark a Turning Point?
Amazon shares have risen roughly 7% in 2026, lagging the S&P 500's 11% and the Nasdaq-100's 16%, and over the past five years the stock has gained about 49% versus an 80% total return for the S&P 500. The company remains a leader in e-commerce and cloud infrastructure through AWS, and its digital advertising business is growing strongly, but its margins trail other big tech firms because most revenue comes from low-margin retail. Heavy capital expenditure, raised from roughly 200 billion USD to roughly 220 billion USD for the year, has also weighed on valuation. The author argues the Oct. 29 Q3 report does not need to be a turning point, since current investments could reaccelerate AWS revenue growth and lead to free cash flow over the next two to five years, and sees Amazon as having strong long-term potential.
- Golden Key Helping Vietnam Become a New Asian Tiger Like South Korea and Singapore, With Average Income Exceeding 14,300 USD
According to Dr. Vo Tri Thanh, innovation and labour productivity are key to Vietnam escaping the middle-income trap and reaching high-income status by 2045, with income above 14,375 USD per capita based on the latest World Bank assessment. The article notes that the experience of South Korea and Singapore shows that combining technology, innovation and strong policy support, along with long-term investment in high-quality human resources and R&D, was central to their development. In the Global Innovation Index 2026 published by WIPO, Vietnam rose one place to 43rd of 132 economies and remained second among lower-middle-income economies, after India.
- BVBank Becomes First Bank to Surpass Its 2026 Full-Year Profit Plan After Just 9 Months
BVBank posted pre-tax profit of over 825 billion dong in the first nine months of 2026, up 90% year on year and reaching 118% of its full-year target of 700 billion dong, making it the first bank in the system to complete its 2026 profit plan. The growth came mainly from net interest income of over 2,600 billion dong (up 40%) and total operating income of over 2,800 billion dong (up 36%), while the cost-to-income ratio (CIR) fell 5.8 percentage points. As of September 30, 2026, total assets exceeded 145,200 billion dong, up 9.2% from the start of the year, and outstanding loans reached over 85,540 billion dong, up 9.3%. In the third quarter, the bank rolled out preferential credit packages worth over 5,500 billion dong with interest rate cuts of 1% to 1.5% per year, and is completing a plan to raise charter capital to nearly 10,000 billion dong.
- Tesla And 2 Other Top Founder Led Stocks
Simply Wall St highlights Tesla, Sprinklr and Spotify Technology as founder-led stocks from its screen. Tesla generates US$91.3 billion in revenue, mainly from automotive, plus US$12.3 billion from energy generation and storage, with a market value of about US$1.47 trillion. Elon Musk still directs bets on products, factories, AI and autonomy, but how these ambitions feed into margins and cash generation remains an open question. Sprinklr, led by Ragy Thomas, reports about US$872.9 million in software and programming revenue and a market value near US$1.6 billion, while integrating AI deeply into its products. Spotify reports €18.8 billion in revenue, most of it from Premium at about €16.9 billion, and a market value near $120.1 billion; Daniel Ek is pushing to improve economics through engagement, and how value is split among labels, creators and the platform is a key test.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.