CII

CII's Q2 2026 net profit collapsed 90.6% to 16.9B VND, driven by provisioning for subsidiaries and a 70% drop in core revenue. The infrastructure firm's financial health remains under pressure as it expands investment portfolio while facing rising costs.

MBS forecasts backlog growth of 15% in 2026 and 10% in 2027 for listed construction companies, driven by the 2026-2030 public investment cycle. CTD is expected to see a 30% backlog increase, while VCG, HHV, and CII see more moderate gains. The cycle focuses on large infrastructure projects including railways and expressways.

PC1 sees CII Group increase its ownership to 10.55% through CII Invest's purchase of nearly 1.1 million shares on July 16, 2026, while VietinBank Capital also becomes a major shareholder with a 7.5% stake. CII characterizes the investment as purely financial, citing PC1's portfolio of solar energy projects and essential infrastructure. The moves signal growing institutional interest in PC1's energy assets.

CII, as lead of a consortium, has secured a record VND 27,094 billion (over USD 1 billion) credit facility from six Vietnamese banks to expand the 96-km HCMC-Trung Luong-My Thuan expressway. The 18-year loan covers 75% of the total project cost, with CII holding a 55% stake. This positions CII to benefit from increased toll revenue and infrastructure development in the Mekong Delta region.

PC1 sees major shareholder shifts as VietinBank Capital acquires 14.1 million shares to reach a 7.54% stake, while the CII group increases ownership to 10.07%. These moves follow the prosecution of Chairman Trinh Van Tuan and six other leaders for accounting violations and embezzlement, adding governance uncertainty to the stock.

CII's board approved a borrowing plan of up to VND 27,094 billion through its 55%-owned subsidiary BOT Saigon - My Thuan to fund the expansion of the HCMC-Trung Luong-My Thuan expressway. The total project investment is VND 36,172 billion, fully financed by investors. CII leads a consortium including Deo Ca, Tasco, and Hoang Long.

PC1 sees CII group raise ownership to 10.07%, making it the second-largest shareholder after Chairman Trinh Van Tuan, who along with six other leaders has been prosecuted for accounting violations and embezzlement. The stake increase signals strategic interest despite governance risks.

Foreign investors net sold 603.6 billion VND on the matching order book on June 10, with banking stocks as the primary target. The VN-Index recovered 10.66 points to 1,800 on improved liquidity of 21,000 billion VND, signaling short-term buying support.

ACB saw the heaviest net selling by proprietary trading desks on HOSE on June 10, with VND -28 billion, while foreign investors net sold VND 536 billion market-wide. The selling pressure comes despite a VN-Index recovery above 1,800 points, signaling caution among domestic and foreign institutional players.

Foreign investors net sold VND 536 billion on June 10, with MBB, VPB, and SSI the most sold, while VJC, CII, and MWG were net bought. The sell-off was concentrated in banking and securities stocks, while aviation and infrastructure saw foreign buying.