Chairman of Hoang Quan Real Estate: "I love shareholders but they also love me..."

(NLDO)- Chairman of Hoang Quan Real Estate affirmed that HQC stock price is currently around 3,000 VND but is expected to increase to 15,000 VND during this term.

At the 2025 Annual General Meeting of Shareholders of Hoang Quan Real Estate Trading and Services Consulting Joint Stock Company (stock code: HQC) held on the morning of May 10 in Ho Chi Minh City, the atmosphere became especially exciting when Chairman of the Board of Directors Truong Anh Tuan directly answered a series of "hot" questions from shareholders.

Concerns surrounding the business situation, low stock prices, tax debts, dividends and the future of the business were all frankly mentioned by Mr. Tuan.

Mr. Truong Anh Tuan answers shareholders

He admitted that 2024 is not a very favorable year for the company. The current share price of only 3,300 VND is the result of many factors, including internal difficulties, such as some projects that cannot be implemented due to legal problems or completed projects but profits do not meet expectations. He admitted that this price reflects the true value of the business at the present time.

As for the company being warned for releasing information late, according to him, it is not too serious because "Hoang Quan always respects the law".

A major highlight in Mr. Tuan’s presentation was his expectation for a wave of social housing investment. He saw this as an opportunity for Hoang Quan, a company with experience and capacity in this field. Along with the opportunity are countless challenges, and the company must make great efforts to overcome them.

Mr. Tuan said that in 2025, the company will focus on recovering capital from projects that have been invested in over the past years, especially in provinces such as Dak Lak, Can Tho and Tay Ninh. According to him, this will be a pivotal period for the company to "bounce back", creating momentum for stronger revenue and profit growth.

Also at the congress, Chairman Hoang Quan attracted attention when he responded to a rather straightforward question from a shareholder: "Does the Chairman love shareholders when the company has not paid dividends for many years?" He did not avoid answering emotionally: "I love shareholders, but I also love myself and my family. My family owns the most HQC shares. When the stock price falls, we also feel pain. We self-criticize when business results are not as expected."

He added that Hoang Quan had completed paying more than VND200 billion in tax debt in March, an important milestone showing the company's efforts to overcome difficulties. With the support of partners, banks and staff, he believes that the company is gradually regaining a stable foundation and is ready for a new phase. According to him, "the opportunity to invest in HQC shares is opening up".

Mr. Truong Anh Tuan continues to be Chairman of the Board of Directors

At the end of the meeting, shareholders voted to approve the target of achieving VND1,000 billion in revenue and VND70 billion in after-tax profit in 2025. Of which, the majority will come from the Golden City social housing project in Tay Ninh, in addition to revenue from the new urban project in Tra Vinh and HQC Tan Huong in Tien Giang. "If everything goes well, the stock price can reach VND10,000 to VND15,000 in this term," Mr. Tuan expected.

In addition, shareholders also re-elected the Board of Directors and the Supervisory Board for the 2025-2030 term. Mr. Truong Anh Tuan continued to be trusted to hold the role of Chairman of the Board of Directors.

Source: https://nld.com.vn/chu-tich-dia-oc-hoang-quan-toi-thuong-co-dong-ma-cung-la-thuong-toi-196250510133548719.htm