FLC Joint Stock : Update Report on ROS

Faros Construction Corporation has promulgated information regarding the annual general meeting.

Firstly, shareholders will vote for the changes in the Board of Management and Executive Board in the upcoming meeting. Secondly, additional share issue plan to increase the company's authorized capital will be considered to be approved. The issue ratio will be fixed at 4:1 with a price of 12,500 dong ($0.55) per share. The total mobilized capital is expected to be $59.092 million. The presented agenda include business field amendments and Company Principle revision suitable with Faros future development.

This shows the determination of Faros leaders to improve the company's standing as the pioneering enterprise in construction and amenity development ranging from resorts to industrial and commercial zones.

Fresh projects at hand

On November 17, Binh Dinh People's Committee makes Decision 4209-QĐ-UBND on land renting regulations allowing Faros construct FLC Sea Tower Quy Nhon on the 17,426.4m2 within 665 Transport Regiment planning site, Nguyen Van Cu, Quy Nhon.

The project consists of (1) 10,108 m2 five-star hotel. Provided services: 50-year Lease of land with annual rental payment; (2) complex including condotel and commercial area with an area of 7,318.4 m2. Provided services: 50-year allocation of land with land use levy.

With many advantages such as great location and the increased demand for high-class hotels, FLC Sea Tower Quy Nhon will undoubtedly facilitate necessary conditions for Faros to advance their business. Due to Quy Nhon's socio-economic features, it is expected that the project will attract a large number of local customers.

Faros client's information

According to the company in an interview with a foreign newspaper about its development plan in 2017, FLC Group will mobilize a large number of bonds from international financial organizations to fund its new projects.

If FLC Group requires more construction projects carried out in the future, Faros will be the perfect choice for its numerous successes.

We believe this will definitely help Faros improve its standing in construction field and generate consistent profit.

More major investors set their eyes on ROS

The recent statistics have shown ROS shares receive a great amount of attention from investors. Its average trading volume amounts to 2.1 million shares. With over 250 billion dong ($242 million) invested into ROS each session, the stock has the highest liquidity on both stock exchanges.

The average share number of each buy order was four times higher than that of a sell order on November 17.

RSI and MACD statistics show that ROS has become a 'hot' code since it was listed. The stock's floor increases after each session and continuously sets new price record.

There has been target set for the new price which comes at 250,000 dong ($11) per share based on the development potentials of the company.

Faros is gradually fulfilling its promise to become the best contractor in the state excelling in fast and high-quality construction.

Based on the recent analyses and reports, major investors, at the time, seem to be paying a lot of attention to ROS.

As one of the few stock codes able to move opposite to the market trend and likely to be added in the top stocks with the highest market capitalization and liquidity, ROS is the obvious choice for traders and thus, maintain its advances.

That after 2 volatile sessions, the ceiling of the stock continues to rise has shown a great expectation for its development from the investors - a reasonable hope considering the current market.

We are certain that ROS can increase to 160,000 dong ($7.04) per share. Maintaining the current trend, the price can even reach 250,000 ($11) per share.

Our new targets are to increase the share price to 250,000 dong ($11) per share and achieve a profit percentage of 106.78% within six to 12 months.

Source: Artexsc