Thaiholdings JSC
HHNX:THD98,600.00
VND
-400.00
(-0.40%)
Thaiholdings JSC
HNX:THD
(Hanoi Stock Exchange)
Recent
price
98,600.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Thaiholdings Joint Stock Company is a diversified investment holding company based in Vietnam, primarily engaged in real estate investment and development, property management and leasing, construction engineering, commercial trading, hospitality services, and strategic capital allocation. Founded in 2011 as Kinh Thanh Investment and Development Joint Stock Company and headquartered in Hanoi, Vietnam, the company serves institutional, corporate, and retail clients across Vietnam. The company organizes its core business operations into several defined product and service segments: Real Estate and Property Management, providing property acquisition, commercial leasing, residential development, and project asset management, including commercial office spaces such as Thaiholdings Tower in Hanoi, residential and mixed-use urban complexes such as the Kim Lien Complex, and large-scale hospitality developments such as the Enclave Phu Quoc Resort complex; Construction and Civil Engineering, offering general contracting, project management, site preparation, and engineering services for transportation, urban, residential, and industrial infrastructure works; Trading and Distribution, encompassing the wholesale and commercial trading of building materials, cement, structural steel, construction equipment, industrial machinery parts, as well as agricultural commodities and packaged food products; Hospitality and Tourism Services, providing hotel lodging, restaurant dining, catering, conference, and event hosting services, operated primarily through holdings in entities such as Kim Lien Tourism Joint Stock Company; and Financial Investment and Asset Management, specializing in portfolio investments, equity acquisitions, and corporate restructuring across affiliated enterprises, including a significant equity holding in Thaigroup. In recent corporate developments, Thaiholdings has implemented comprehensive strategic and operational reorganizations to adapt to macroeconomic shifts in the domestic property market. The company has refocused its operational model primarily around financial investment and prime real estate development while optimizing organizational efficiency and internal risk management protocols. In 2026, Thaiholdings expanded its operational capabilities by establishing a new wholly-owned subsidiary, Loc Truong Phat Construction and Trading Company Limited, capitalized at 28 billion VND to focus on specialized construction execution and project completion. In parallel, the company has convened extraordinary general meetings of shareholders to advance plans for increasing charter capital to strengthen balance sheet liquidity. To preserve capital for long-term project pipelines, including the continued development of key real estate assets in Phu Quoc and Hanoi, Thaiholdings maintained a disciplined capital retention approach by deferring dividend distributions across the 2024 and 2025 financial years while actively restructuring its strategic holdings and equity investments across its corporate ecosystem.