Share price of Conteccons Construction JSC (HOSE: CTD) hit its record low of VND96,800 ($4.2) in three years on June 18, witnessing a fall of over 33 per cent on-year.
The move to industrial park construction can be considered as a new step for Coteccons in the context that domestic demand for residential real estate is gradually saturated.
In the context of a decelerating revenue, the mergers of related companies and the shift to larger value-added businesses may be the potential drivers contributing to Coteccons’ growth in the medium term.
On March 9, Coteccons officially topped out Landmark 81 - Vietnam's tallest tower 45 days ahead of schedule.
Coteccons, the main contractor of Landmark 81, has completed construction of the crown base of the tower which has a height of 400.4 meters and is an important structure to make Landmark 81 become the highest tower in Vietnam.
