80 stocks such as Hoa Sen, Hoa Binh, Nam Kim... simultaneously had their margin lending cut off.

The Ho Chi Minh City Stock Exchange (HOSE) has just announced a list of 2 additional stocks that are not eligible for margin trading. That is HSG stock of Hoa Sen Group Corporation, whose margin was cut because the after-tax profit of the parent company's shareholders on the audited consolidated financial statements for the first 6 months (fiscal year 2022 - 2023) was negative. Specifically, HSG reported revenue of nearly VND 14,900 billion, down nearly 50% year-on-year, and a net loss of VND 424 billion.

The main reason is the decline of the steel industry since the second half of 2022, with a sharp decrease in steel consumption and prices. Despite the difficult period, Hoa Sen Group has reduced sales costs, borrowing costs and business management costs.

80 cổ phiếu như Hoa Sen, Hòa Bình, Nam Kim... đồng loạt bị cắt cho vay margin - Ảnh 1. — 80 stocks on HOSE are not allowed to borrow margin

Another stock, THI of Dien Electrical Equipment Joint Stock Company (THIBIDI), had its margin cut because the stock was subject to delisting. Accordingly, nearly 489 million THI shares will trade for the last session on June 28 and then be delisted.

In mid-April, a series of stocks on HOSE were put on the list of stocks that are not eligible for margin trading. In total, up to now, 80 stocks on HOSE have had their margin lending services cut off. Among them, many large stocks such as HBC of Hoa Binh Group Corporation were late in submitting their audited financial statements for 2022.

Or HVN shares of Vietnam Airlines; HAG of Hoang Anh Gia Lai; VJC of Vietjet Aviation Joint Stock Company; TTF of Truong Thanh Wood Group; TDH of Thuduc House; RDP of Rang Dong Holding Joint Stock Company; OGC of Dai Duong Group Joint Stock Company... These are mainly stocks that are subject to warning or control when doing business at a loss or violating information disclosure.

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