On August 3rd, 2018 The Ho Chi Minh City Stock Exchange (HOSE) held a ceremony to announce the listing of shares and to celebrate the official trading of shares of Saigon Cargo Service Corporation (SCSC) with stock code SCS. Attending the event were the representatives of Leaders of Ho Chi Minh City Stock Exchange, Vietnam Securities Depository Center, the representatives of SCSC, founding shareholders, business partners, customers, consultancy companies, securities companies and media and press agencies.
At the ceremony, Mrs. Le Thi Tuyet Hang - Director of Management and Appraisal Department announced the opening and the decision to list shares of SCS. After that, Mrs. Tran Anh Dao - Deputy General Director of Ho Chi Minh Stock Exchange, handed over the decision to list 49,985,700 shares with the first trading price of 174,105 dong per share. As such, SCSC has officially become the 452nd member listed on HOSE.
To commemorate the historic moment of SCS shares before the first session, Mrs. Bui Thi Thu Huong - SCSC Chairman together with representatives of the guests participated in The gong beating ceremony, recorded the feeling of this meaningful event in front of the main lobby of The Ho Chi Minh City Stock Exchange, officially announcing the appearance of SCS shares on HOSE.
In his speech, Mr. Nguyen Quoc Khanh - Member of SCSC Board of Management cum Managing Director, on behalf of SCSC Board of Management, sent his gratitude to The State Securities Commission of Vietnam, Ho Chi Minh City Stock Exchange, Vietnam Securities Depository Center, Agencies, Shareholders, especially the founding shareholder Gemadept Corporation (GMD), Airports Corporation of Vietnam (ACV), Investors, customers, partners and staff. Being an issuer on HOSE is an important milestone in the development of SCSC, demonstrating its maturity, professionalism and transparency in the management and administration of SCSC, also opening a new development chapter. Hereby and moving forwards, SCSC will be in co-operation with local and foreign investors on the stock market of Vietnam
SCSC was established on April 8th, 2008, more than 10 years ago. Shareholders holding more than 10% of the share capital of the company on 11/06/2018 include: GEMADEPT JSC (32.25%); Vietnam Airports Corporation (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 clients of airlines around the world. In April 2011, SCSC officially became a member of the IGHC under the International Air Transport Association (IATA). Following this, the SCSC has achieved IATA's ISAGO ground safety standard certification, TAPA-class A certification by the Transport Asset Protection Association, and certification of cargo security requirements of Europe RA3. All of them have demonstrated their efforts and to improve SCSC's knowledge and technology improvement in order to ensure safety and security in the cargo handling service and provide customers with top quality services and most competitive rate.
SCSC Cargo Terminal is located at the South West Terminal of Tan Son Nhat International Airport with an area of 143,000 m2, including three main areas:
- The apron area: 52,421 m2, accommodating 3 big aircrafts B747Fs or 5 A321s at the same time.
- Cargo terminal area: 26,670 m2 with the designed capacity of 200,000 tons of cargo (phase 1) and 350,000 tons of cargo (phase 2).
- Warehouses, parking lots, traffic and facilities and a modern office building of 64,000 square meters.
In the early stages of operation, SCSC has only three airlines customers of Cargolux, Cardigair and Lufthansa. However, SCSC's customer list has recently expanded to include nearly 30 of the world's leading airlines being present in Vietnam; its market share in Ho Chi Minh City increased from 30% in 2016 to 35% in 2017; SCSC's average revenue and pre-tax profit for the past three years has grown impressively, reaching 30% and 60%, respectively. In particular, SCSC's share price has increased more than 2.5 times compared to the first time SCSC was present at Upcom in July 2017.
Within all of what achieved, the event of SCS shares officially listed on HOSE will continue to create strong confidence among investors, creating favorable conditions so that SCSC attract more capital to keep going with stable and sustainable development in the future. SCSC Leaders are determined to bring into full play their capacity to lead and run the company with high efficiency, financial transparency, timely and accurate disclosure of information. It contributes positively to the development of Vietnam's stock market and the economy of the country.