- Lizen JSC (HOSE: LCG) is one of the leading transport infrastructure contractors in Vietnam. 

- The company’s main businesses include (1) construction (transportation, energy, residential, and industrial infrastructure); (2) real estate; and (3) investment (renewable energy, Public-Private Partnership (PPP) infrastructure projects).

- H1 2024 revenue surged 50.2% YoY, driven by the transferred backlog from 2023 reaching its peak construction phase in the first half of 2024.

- LCG guides for 2024G revenue of VND2.4tn (+19.5% YoY), which we believe is achievable as the company has completed 45% of its 2024 revenue target as of end-H1 2024 while State budget disbursement tends to seasonally accelerate at the end of the year.

Powered by Froala Editor