On August 3rd, 2018, the Ho Chi Minh City Stock Exchange (HOSE) held a ceremony to announce the listing and celebrate the official trading of shares of Saigon Cargo Service Corporation (SCSC) with the stock code of SCS. Attending the event, there were the representatives of HOSE, Vietnam Securities Depository, management of SCSC, founding shareholders, partners, customers, consulting companies, securities companies, press and public media.
At the ceremony, Ms. Le Thi Tuyet Hang – Director of Management and Appraisal Department announced the opening of the ceremony and the decision for listing of SCS shares. After that, Ms. Tran Anh Dao – Deputy General Director of HOSE handed over the decision to list 49,985,700 shares with the first trading price of VND 174,105 per share. As such, SCSC has officially become the 452th member listed on HOSE.
To commemorate the historic moment of SCS shares before its first session, right at the hall of HOSE, Ms. Bui Thi Thu Huong – SCSC Chairwoman together with representatives of the guests participated in the gong beating ceremony and wrote down the feelings of the meaningful event in a book, officially announcing the trading of SCS shares on HOSE.
In his speech, Mr. Nguyen Quoc Khanh – Member of SCSC's Board of Directors and General Director, on behalf of SCSC's Board of Directors, sent his gratitude to the State Securities Commission, HOSE, Vietnam Securities Depository, agencies and shareholders, especially the founding shareholders including Gemadept Corporation (GMD), Airports Corporation of Vietnam (ACV), investors, clients, partners and company employees. Being listed in HOSE is an important milestone in SCSC's development, demonstrating its maturity, professionalism and transparency in the management and administration of SCSC, opening a new development era for the company. From now on, SCSC will co-operate with domestic and foreign investors on Vietnam stock market.
SCSC was established on April 8th, 2008, 10 years ago. Shareholders holding more than 10% of the Company's share capital as of June 11th, 2018 include: Gemadept Corporation (32.25%); Airports Corporation of Vietnam (13.12%) and A41 Aircraft Repairing Co., Ltd. (12.60%).
The launch of SCSC brings to the market the first international air cargo terminal at the gateway to Tan Son Nhat International Airport, meeting the strictest requirements of the aviation industry and of the clients who are the world leading airlines. In April 2011, SCSC officially became a member of the IGHC under the International Air Transport Association (IATA). Following this, SCSC has achieved IATA's Safety Audit for Ground Operation (ISAGO), TAPA A certification by the Transported Asset Protection Association and certification of cargo security requirements to Europe RA3. All of them have demonstrated SCSC efforts to improve knowledge and technology in order to ensure safety and security in cargo operation, providing customers with top quality and most competitive services.
SCSC Air-cargo Terminal is located at the South West Terminal of Tan Son Nhat International Airport with the area of 143,000 sqm, including three main areas:
- Apron area: 52,421 sqm, accommodating 3 large B747Fs or 5 A321s at the same time.
- Terminal area: 26,670 sqm with the design capacity of 200,000 tons of goods (phase 1) and 350,000 tons of goods (phase 2).
- Warehouses, parking lots, roads, auxiliary facilities and a modern office building of 64,000 sqm.
In the early stages of operation, SCSC served only three airlines including Cargolux, Cardigair and Lufthansa airlines. Until now, SCSC's customer list has expanded to include nearly 30 of the world's leading airlines being present in Vietnam; the market share in Ho Chi Minh City has increased from 30% in 2016 to 35% in 2017; SCSC's average revenue and EBT for the past three years have grown impressively, reaching 30% and 60% respectively. Especially, SCSC's share price has increased more than 2.5 times compared to the first listing of SCSC on Upcom in July 2017.
With such achievements, the event of SCS official listing on HOSE will continue to enhance strong confidence among investors, creating favorable conditions for SCSC to attract more capital for stable and sustainable development in the future. SCSC leaders are determined to dedicate their utmost capacity to lead and run the company with high efficiency, financial transparency, timely and accurate disclosure of information, positively contributing to the development of Vietnam's stock market and the country’s economy in general.
