Petec Trading and Investment Corporation
UUPCOM:PEG3,200.00
VND
-300.00
(-8.57%)
ISIN
VN000000PEG1
Return %
Stock
S&P 500
1Y
-15.79
14.20
3Y
-41.82
81.12
5Y
-59.49
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- Nov 5, 2018
- Website
- petec.com.vn
- Similar Companies
- Business
- Petec Trading and Investment Corporation is a Vietnam-based petroleum trading, distribution, and logistics company primarily engaged in the wholesale and retail marketing of petroleum products and the operation of port terminal and storage infrastructure. Operating as a subsidiary of PetroVietnam Oil Corporation (PVOIL), which holds a majority equity stake, the company functions across three principal business segments: Petroleum Trading and Distribution, Storage and Port Logistics Services, and Commercial Services. In its core petroleum segment, the company trades and distributes refined petroleum fuels and petroleum-derived products, including premium motor gasoline (RON 95); bio-ethanol blended motor gasoline (E5 RON 92); diesel fuel oils (DO); kerosene (KO); fuel oil/heavy fuel oil (FO/mazut); and automotive and industrial lubricants. Through its storage and logistics operations, Petec operates a strategic national network of petroleum terminals with an aggregate storage capacity exceeding 140,000 cubic meters, comprising the Hai Phong Terminal in Northern Vietnam, the Hoa Hiep Terminal in Da Nang, the Cai Mep Terminal in Ba Ria - Vung Tau, and the Vinh Long Terminal in the Mekong Delta. Its logistics and port facilities provide specialized services, including petroleum tank farm leasing; bonded and commercial warehousing; tanker jetty and marine berthing operations; maritime agency and bunkering services; and inland waterway and road-based petroleum transportation. The company also engages in commercial real estate leasing, technical equipment import-export, and auxiliary industrial services. Petec serves industrial consumers, commercial fleets, retail motorists, and wholesale distributors through a nationwide distribution network encompassing company-operated filling stations, authorized dealer stations, and general agents across Vietnam. In recent operational developments, Petec has advanced major infrastructure expansion initiatives, including a 40,000-cubic-meter storage expansion project at its Hai Phong Petroleum Terminal to enhance energy supply security and distribution capacity across Northern Vietnam. The company has also collaborated within the PetroVietnam group on strategic infrastructure integration, including coordination at its Cai Mep port facility to accommodate liquefied natural gas (LNG) operations in partnership with PV GAS. Under the stewardship of parent company PVOIL, Petec continues executing comprehensive operational and balance-sheet restructuring programs, modernizing safety and automated terminal inventory monitoring systems, and upgrading its retail station network. Founded in 1981 as the Petroleum Technical and Equipment Import Company (PETECHIM), Petec Trading and Investment Corporation is headquartered in Ho Chi Minh City, Vietnam, and its shares are publicly traded on the UPCoM exchange under the ticker symbol PEG.