Lakeside shares surge 11.59% intraday amid Hanoi's $1.1B West Lake infrastructure and tourism development announcement.

Lakeside surged 11.59% intraday following news that Hanoi approved a $1.1 billion West Lake revitalization project, including road expansions, lakeside viewing decks, and public spaces. The initiative, set to begin in 2026, aims to transform the area into a cultural and tourism hub, aligning with the company’s potential involvement in large-scale infrastructure or urban development. While other news events—such as a school district scandal or local flood concerns—were bearish or unrelated, the Hanoi project directly signals expanded opportunities in public-private partnerships, justifying the sharp intraday rally.