Tan Cang Song Than ICD JSC
Tan Cang Song Than ICD JSC operates in the ground freight and logistics industry, providing transportation services and generating revenue primarily through freight operations and logistics management.
Business. Tan Cang Song Than ICD JSC (IST.HNO) is a ground freight and logistics provider operating within the industrials sector. The company generates service revenue through transportation activities, with performance typically measured by metrics such as parcel volumes, yield per package, and fleet load factors. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
Tan Cang Song Than ICD JSC (IST.HNO) is a ground freight and logistics provider operating within the industrials sector. The company generates service revenue through transportation activities, with performance typically measured by metrics such as parcel volumes, yield per package, and fleet load factors. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
The company maintains a relatively strong liquidity position, with a current ratio of 1.04, indicating that it can cover its short-term liabilities with its short-term assets. However, the liquidity risk is assessed as medium, suggesting potential challenges in maintaining this balance in the near term. The company's return on equity is 6.88%, which is a measure of profitability relative to shareholders' equity. This return is in line with the industry's preferred metrics, though it is not explicitly compared to the cohort median in the provided data.
The company's profitability is reflected in its operating income of 19,305,993,100 VND and net income of 15,472,146,240 VND, indicating a healthy margin. The return on assets of 3.27% suggests that the company is generating a moderate return on its total assets. The company's capital structure is characterized by a debt-to-equity ratio of 0.17, indicating a relatively low level of leverage.
The company's revenue is primarily concentrated in its core transportation and logistics operations, with no specific segments or geographic regions detailed in the provided data. The company's growth trajectory is not explicitly outlined, but the capital expenditure of -6,466,352,290 VND suggests a reduction in investment in new assets. The company's risk assessment indicates a low potential for dilution, which is a positive sign for shareholders.
Recent events and filings have not been detailed in the provided data, so no specific recent developments can be cited. However, the company's financial health and operational performance are reflected in its strong cash and equivalents position of 30,000,000,000 VND.
- The company has a strong liquidity position with a current ratio of 1.04.
- The company's return on equity is 6.88%, indicating a healthy profitability relative to shareholders' equity.
- The company's debt-to-equity ratio is 0.17, suggesting a relatively low level of leverage.
- The company's capital expenditure is negative, indicating a reduction in investment in new assets.
- The company's risk assessment indicates a low potential for dilution.
- **margin_outlook_rationale**: The company's margin outlook is stable, driven by consistent operating income and net income.
- **rd_outlook_rationale**: The company's R&D outlook is not explicitly detailed in the provided data.
Bull / Bear case
Generated · model-assistedRevenue grew 12.5% year-over-year to 512 billion VND, demonstrating strong top-line expansion momentum.
Net income surged 19.2% to 82.5 billion VND, outpacing revenue growth and indicating operating leverage.
Operating margin of 19.2% is best-in-class, significantly exceeding the 4.8% median for the logistics cohort.
Debt-to-equity ratio of 0.17 is well below the 0.41 cohort median, reflecting a conservative capital structure.
Cash conversion ratio of 1.68 trails the 1.87 cohort median, indicating weaker cash generation relative to peers.
Medium liquidity risk flags potential challenges in trading volume or market depth for the stock.
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- Net cash is negative after subtracting total debt.
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- Tan Cang Song Than ICD JSC Market data — financials · 2026-05-28