MST

HNXOther Sector

Investment MST Joint Stock Company

Original Name: Công ty Cổ phần Đầu tư MST

Reference Price7.700 ₫

Interactive Stock Chart

Exchange Ticker: HNX:MST

Listing Information

Exchange MarketHNX

Live SectorOther Sector

First Trading Date10/05/2016

First Close Price₫10,700

Capital Structure

Charter Capital749.54 Billion VND

Listed Shares113,604,220

Outstanding Shares113,604,220

Treasury Shares-

Detailed Corporate Timeline & Sectors

Timeline of Establishment & Development

Joint company Build 1.1.6.8 was established under Business Registration Certificate No. 0103983390 dated June 18, 2009 of Hanoi Department of Planning and Investment, with an initial charter capital of 10 billion VND, operating mainly in the field of bridge and road construction.
April 22, 2016: Company shares were approved to be listed on HNX with stock code MST
May 10, 2016: First trading day of MST on HNX

Capital raising process

June 16, 2015: Charter capital increased from 10 billion VND to 180 billion VND, through the form of issuance to existing shareholders at the rate 1:17.

Main business lines: Construction of traffic works, technical infrastructure, trading of raw materials, construction installation equipment...

Address: No. 2, Lane 159, Tay Son Street, Dan Phuong Commune, Hanoi City

Phone: 024 667440305 - Fax: 024 35553592

Disclosure Officer:

Email: [email protected]

Website: https://mstgroup.vn/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫637	₫601	₫151	₫201
Price-to-Earnings (P/E)	12.09x	12.81x	51.04x	38.39x
Book Value Per Share (BVPS)	₫7,342	₫7,322	₫7,470	₫10,309
Price-to-Book (P/B)	1.05x	1.05x	1.03x	0.75x
Return on Equity (ROE)	8.68%	8.21%	2.02%	1.95%
Return on Assets (ROA)	5.56%	5.60%	0.98%	0.71%
Net Profit Margin	19.31%	5.66%	1.35%	1.51%
Debt-to-Equity Ratio	0.56	0.47	1.06	1.73
Current Ratio	0.62	0.76	1.14	2.81

Audited Financial Statements

Source: KB Securities (KBS) Datafeed • Updated dynamically

Show absolute values (VND)

Doanh thu thuần về bán hàng và cung cấp dịch vụNet revenue

+302.6% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

-68.5% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+146.0% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	1,508,970,504,000	1,273,890,611,000	1,207,223,329,000	374,831,981,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	-	-	-	-
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	1,508,970,504,000	1,273,890,611,000	1,207,223,329,000	374,831,981,000
4. Giá vốn hàng bán 4. Cost of goods sold	1,490,867,985,000	1,246,633,671,000	1,201,211,247,000	342,179,785,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	18,102,518,000	27,256,939,000	6,012,082,000	32,652,196,000
6. Lãi/Lỗ của hoạt động bán, thanh lý bất động sản đầu tư6. Gain/(Loss) on disposal of investment property	-	-	-	-
7. Doanh thu hoạt động tài chính 7. Financial income	184,618,833,000	29,070,686,000	24,332,370,000	78,250,466,000
8. Chi phí tài chính 8. Financial expenses	167,954,095,000	28,478,089,000	36,817,268,000	29,314,669,000
Trong đó: Chi phí đi vay Of which: Interest expense	161,186,025,000	18,733,601,000	17,536,688,000	27,793,269,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	-	-	-	13,246,361,000
9. Chi phí bán hàng 9. Selling expenses	42,984,000	-	-	-
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	6,119,282,000	4,861,352,000	31,879,605,000	13,627,041,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	28,604,991,000	22,988,185,000	-38,352,421,000	81,207,314,000
12. Thu nhập khác 12. Other income	4,316,000	3,106,517,000	142,628,401,000	0
13. Chi phí khác 13. Other expenses	44,062,000	3,663,105,000	14,144,426,000	341,499,000
14. Lợi nhuận khác14. Other profit	-39,746,000	-556,588,000	128,483,975,000	-341,499,000
Phần lợi nhuận/lỗ từ công ty liên kết liên doanhShare of associates and joint ventures' result	-	-	-	-
15. Tổng lợi nhuận kế toán trước thuế15. Profit before tax	28,565,244,000	22,431,597,000	90,131,554,000	80,865,815,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	5,777,072,000	5,292,048,000	21,836,336,000	8,500,953,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	-	-	-	-
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	22,788,172,000	17,139,549,000	68,295,218,000	72,364,863,000
Lợi ích của cổ đông thiểu sốMinority Interest	-	-	-	65,367,000
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	22,788,172,000	17,139,549,000	68,295,218,000	72,299,495,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	281	226	955	1,061
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	-	-	-	-

Data Source & Disclaimer

Data Source: Financial statement data is automatically aggregated from official disclosure feeds of listed companies through the analysis system of KB Securities Vietnam JSC (KB Securities).

Disclaimer: All financial data displayed on this website is provided for general reference purposes only. We make every effort to update accurate data but do not provide any warranty regarding its completeness or absolute reliability. The displayed figures do not constitute investment advice or an offer to trade securities. Users assume all risks and responsibilities for any financial decisions made based on the data on this website.

MST

Investment MST Joint Stock Company

Interactive Stock Chart

Listing Information

Capital Structure

Detailed Corporate Timeline & Sectors

Key Financial Ratios (2025)

Historical Financial Metrics (YoY)

Financial Ratios Reference & Interpretation Guide

Audited Financial Statements

MST — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality