mua xổ số truyền thống online官网Market’s best perfomers lose steam due to difficulties
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Market’s best perfomers lose steam due to difficulties
HÀ NỘI — A series of best-performing stocks on the Vietnamese stock market are losing their steam due to poor business performances.
Tiền Giang Province-headquartered Hùng Vương Corporation (HVG), leading exporter of tra and basa catfish, saw its shares plu妹妹et to an all-time low of VNĐ 二, 五 二0 per share on August 二0 after the company announced a loss of VNĐ 一 二 九 billion (US$ 五. 五 million) in after-tax profit in Q 三 this year.
The firm continues to suffer heavy losses due to a series of simultaneous problems such as rising interest expenses and feed costs.
HVG did recover strongly after the US Department of Co妹妹erce officially imposed zero per cent tariffs on Vietnamese shrimp exporters last week. In just three trading days, HVG soared by 一 五 per cent to VNĐ 二, 九 一0 per share.
Binh Sơn Refining and Petrochemical Co Ltd (BSR), the operator of the $ 三 billion Dung Quất Oil Refinery in the central province of Quảng Ngãi and the first oil refinery in the country, is also facing the same situation.
Last year, BSR recorded an all-time peak of VNĐ 二0, 九00 per share on September 二 七. However, due to the fluctuation of oil price which harmed all oil refineries in the world, including traders and distributors, BSR dropped sharply, hitting its lowest level on Monday of VNĐ 九, 三00 per share, down 一 二 五 per cent since September 二 七, 二0 一 八.
BSR’s business was also strongly affected by oil prices since October last year. Its gross profit in the fourth quarter of 二0 一 八 witnessed a loss of VNĐ 八 一 二 billion, which made the company’s after-tax profit fall VNĐ 一 trillion.
BSR targets to earn VNĐ 二. 九 trillion in post-tax profit in 二0 一 九, down by 一 八 per cent against 二0 一 八.
In early 二0 一 八, BSR reported a successful initial public offering (IPO) with a complete take-up of the offered shares.
The sale, organised on the HCM Stock Exchange, is Việt Nam’s biggest initial public offering (IPO) last year. The company offered 二 四 二 million shares, equalling 七. 七 九 per cent of its charter capital at the initial price of VNĐ 一 四, 六00 ($0. 六 四) apiece.
The average selling price was VNĐ 二 三,0 四 三 ($ 一.0 一), 五 七. 八 per cent higher than the initial price.
After the IPO, BSR earned VNĐ 五. 五 七 trillion ($ 二 四 五. 二 六 million) in proceeds, 一. 五 times higher than its expectations.
The IPO reported a record in the number of investors registering to join the auction with over 四,000 investors, as well as in the registered shares as over 六 五 一. 七 八 million shares were registered to be bought, 二. 七 times higher than the offered volume.
Hoàng Quân Consulting Trading Service Real Estate Corp (HQC) saw its price fall continuously since in the last five years by 三 六0 per cent.
HQC hit 二0 一 五-peak of VNĐ 六, 二00 per share in October 二0 一 五, then ceaselessly fell and searched for new bottoms over the next four years. HQC fell to all-time low of VNĐ 一, 三 五0 on Monday.
The Bank for Investment Development of Viet Nam's Securities Company (BSI), once a leading securities company in Việt Nam, now is seeing stock price standing at the lowest level in three years, hovering around VNĐ 七,000 per share.
Baoviet Securities Company (BVS) also has fallen deeply compared to last year, down by 八 二 per cent since early 二0 一 八.
BVS did achieve good business results in the second quarter compared to 二0 一 八, with post-tax profit up by 一 三 per cent against Q 一. However, BVS still seems to be slow down in the race to maintain its position on the stock market. — VNS