According to the financial report of the fourth quarter of 2023 of Ho Chi Minh City Infrastructure Investment Joint Stock Company (Code: CII), sales revenue and service provision reached 769 billion VND, down 2.4 times over the same period; gross profit from sales was 409 billion VND, up 34.84% over the same period last year.

CII's financial revenue reached VND576 billion, an increase of more than 2.5 times. Thereby, profit after tax reached VND167.3 billion, an increase of more than 20 times compared to the same period in 2022.

As a result, in 2023, CII recorded a profit after corporate income tax of VND 381.4 billion, down 55.68% compared to the previous year. The parent company's profit after tax was VND 187 billion (down more than 73%).

Notably, CII's total liabilities by the end of 2023 are VND24,728 billion (approximately USD1 billion), an increase of more than 22% compared to the beginning of the year. Of which, short-term debt is VND8,191 billion, long-term debt is VND16,536 billion.

By the end of 2023, CII's total financial debt was VND 18,855 billion, accounting for 76.37% of the enterprise's total liabilities.

Another notable point is that CII's cash flow from operating activities decreased from positive VND973 billion at the beginning of the year to negative VND1,890 billion at the end of the year.

On the contrary, from the beginning of 2023, CII's cash flow from investment activities was negative VND 22.3 billion; at the end of the year, this figure increased to positive VND 1,119 billion. Cash flow from financial activities increased from negative VND 1,364 billion at the beginning of the year to positive VND 1,686 billion at the end of the year.

This shows that there are signs that the "tycoon" of Thu Thiem land is increasing borrowing to compensate for the lack of cash flow.

CII is an infrastructure and real estate investment enterprise, nicknamed "Thu Thiem land tycoon" when the company owns "diamond land" in Thu Thiem area. CII has been assigned about more than 90,000m2 for long-term stable use and more than 6,000m2 of land for 50-year use to build offices. These are all beautiful lands, along the riverbank, park and North-South axis, adjacent to Thu Thiem 1 bridge.

At the end of the trading session on February 6, CII shares reached 18,400 VND/share.

Business News

The stock market has a number of other important events of listed companies.

* MAC: Maritime Technical Supply and Services JSC wants to sell all shares held at Hai An Transport and Stevedoring JSC (Code: HAH) in the period from January 3 to February 2, 2024, but only sold nearly 60% of the registered amount.

* NBB: The People's Committee of Quang Ngai province has decided to adjust the investment policy of Son Tinh - Quang Ngai residential area of ​​Nam Bay Bay Investment Joint Stock Company in the direction of extending the project completion time to the end of 2025.

* VDP: Vidipha Central Pharmaceutical Joint Stock Company announced the closing of the right to pay the 2nd cash dividend of 2023 at a rate of 15% and the closing of the list of shareholders to attend the 2024 Annual General Meeting of Shareholders. The ex-rights transaction date is March 8. The expected payment date is May 22.

* MVN: On February 2, the Board of Directors of Vietnam National Shipping Lines - Vinalines decided to invest in establishing VIMC Container Transport JSC with a total capital contribution of nearly VND 1,015 billion, equivalent to 99.956% ownership ratio.

* DAG : Dong A Plastics Group Corporation suffered a net loss of more than VND22 billion in the fourth quarter of 2023. For the whole year, the company suffered a net loss of VND257 billion, the biggest ever.

* DTV: Tra Vinh Electricity Development JSC announced the closing of the right to pay the first cash dividend of 2023 at a rate of 15%, and at the same time, the closing of the list of participants in the 2024 Annual General Meeting of Shareholders. The ex-rights transaction date for both events is February 20.

* VPI: In a report to the State Securities Commission, Van Phu Investment JSC - INVEST said it had successfully raised 650 billion VND from public bonds.

* MTG: The Board of Directors of MT Gas JSC said that only 4.15 million shares were successfully offered privately, equivalent to nearly 52% of the original plan.

* CCI: Cu Chi Industrial and Commercial Development Investment Joint Stock Company has set March 29 to hold the 2024 Annual General Meeting of Shareholders and pay 2023 cash dividends on April 8 at a rate of 13%.

VN-Index

At the end of the trading session on February 6, 2024, VN-Index increased by 2.42 points (+0.2%) to 1,188.48 points, HNX-Index increased by 0.35 points (+0.15%) to 230.63 points, UpCOM-Index increased by 0.34 points (+0.38%), to 88.86 points.

BSC Securities Company assessed that the market is quite positive after nearly 2 weeks of struggling in the range of 1,163-1,186 points with the leadership of stocks with large capitalization and improved liquidity. Shaky trading sessions are still taking place as the VN-Index consolidates the trend and moves towards new high points in 2024.

According to SHS, in the short term, the VN-Index is in an uptrend but may fluctuate when it once again approaches the psychological resistance level around 1,200 points. Short-term investors who have actively disbursed in recent sessions should not chase buying because the market is likely to fluctuate around the strong resistance level.

With a more positive view, Yuanta Securities believes that the market may continue to increase in the next session but cash flow may remain low due to limited trading sentiment before the long holiday.

With the passage of two important laws, will real estate and banking stocks 'make waves'? Real estate and banking stocks were the focus of attention and evaluation from investors last week, when the Land Law (amended) and the Law on Credit Institutions (amended) were passed at the extraordinary session of the National Assembly on January 18.