At the 2023 Extraordinary General Meeting of Shareholders on December 28, 2023 of Minh Phu Seafood Corporation (code: MPC), shareholders approved the transfer of 22.7 million shares (5.67%) from 2 individual shareholders to 3 daughters of the MPC chairman.

Accordingly, two individuals, Nguyen Hong Phuc and Nguyen Thi Kim Xuyen, will transfer all of their shares, 14 million shares (3.5%) and 8.7 million shares (2.18%), respectively, to the three daughters of Chairwoman Chu Thi Binh and General Director Le Van Quang.

Specifically, Ms. Le Thi Minh Phu received the transfer of more than 11 million shares; Ms. Le Thi Minh Qui received nearly 3 million shares and Ms. Le Thi Minh Ngoc received nearly 1.8 million shares.

After the transaction, the three children of the MPC Chairman will equally hold more than 11 million MPC shares each, equivalent to an ownership ratio of 2.76%.

If the closing price of MPC shares on January 4 is 17,100 VND/share, the three daughters of the shrimp king plan to spend a total of more than 388 billion VND to own the above shares.

According to the management report for the first 6 months of 2023, Mr. Le Van Quang owns nearly 64.28 million shares, equivalent to 16.08%; Ms. Chu Thi Binh holds 70.22 million shares, equivalent to 17.56% and Long Phung Investment JSC - the organization of which Mr. Quang is the legal representative - owns 16.35 million shares, equivalent to more than 4%.

The “shrimp king” couple has a total of 4 daughters. In addition to the 3 daughters above, another daughter, Ms. Le Thi Dieu Minh, is holding 6.5 million MPC shares, equivalent to 3.27%.

Thus, the total number of MPC shares held by individuals in Mr. Quang's family, Ms. Binh's family and related organizations will also increase to more than 198 million units, equivalent to an ownership ratio of more than 49%.

At the end of the first 9 months of 2023, MPC achieved net revenue of more than VND 7,465 billion, down 46% over the same period; after-tax profit was negative VND 114 billion. The reason for the loss after the first 9 months of the year was due to the poor business performance in the first and third quarters of 2023.

Business News

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

* SJ1 : At the annual general meeting of shareholders for the fiscal year 2024 of Hung Hau Agriculture Corporation on December 29, shareholders approved the pre-tax profit target of VND 38 billion, double the previous year's performance.

* TN1: On January 2, 2024, the Board of Directors of TNS Holdings Trading and Service JSC approved lending a total of up to VND 203 billion to three subsidiaries.

* M10: May 10 Corporation - JSC has just announced preliminary information on its business results in 2023, with total revenue estimated at VND 4,248 billion and pre-tax profit of VND 123 billion, down 9% and 18% respectively compared to the previous year.

* VSN: On the last day of 2023, the General Meeting of Shareholders of Vietnam Livestock Industry Corporation agreed to reduce the 2023 production and business plan targets. Accordingly, revenue decreased by 16% to VND 3,430 billion, pre-tax profit decreased by 24% compared to the original target, down to VND 138 billion.

* TNG: By the end of 2023, TNG Investment and Trading Joint Stock Company is estimated to achieve revenue of VND 7,085 billion, officially breaking the revenue record achieved in 2022 (VND 6,772 billion), equivalent to an increase of nearly 5%.

* AGG: An Gia Real Estate Group has just announced that its revenue in 2023 is estimated at about 3,800 billion VND, exceeding the annual plan by 27%. Net profit is estimated at 135 billion VND, exceeding the annual plan by 35%.

* PSH: On January 4, Nam Song Hau Petroleum Investment and Trading Joint Stock Company announced that it could not pay more than VND 9.8 billion in interest on the 7th bond, code PSHH2224002, and extended the payment until January 13.

* VSC: On December 29, 2023, the State Securities Commission issued a certificate of registration for public offering of 133 million shares to Vietnam Container Corporation.

* DIG: On December 28, 2023, the State Securities Commission decided to fine Construction Development Investment Corporation - DIC Corp VND 470 million for many violations related to securities regulations.

VN-Index

At the end of the trading session on January 4, VN-Index increased by 6.55 points (+0.57%) to 1,150.72 points, HNX-Index increased by 0.92 points (+0.4%) to 232.56 points, UpCOM-Index decreased by 0.08 points (-0.09%), down to 87.73 points.

According to SHS Securities Company, from a short-term perspective, the market is moving positively and has approached the short-term resistance of 1,150 points. In the short term, the market may fluctuate and correct at the above resistance zone, but with the momentum of movement on a good short-term accumulation platform after further accumulation, VN-Index will soon overcome this resistance to enter the expected medium-term accumulation zone.

KBSV Securities Company believes that VN-Index is likely to continue to move sideways within the resistance level of 1,150 (+-15). Investors are advised to avoid chasing in early recovery periods, and can consider flexible 2-way buying/selling with low proportions at support/resistance zones, specifically 1,125 (+-5) and around 1,155 (+-5).

'Big guys' regain their position, 'tiny' stocks shock the stock market In 2023, the stock market recorded a number of outstanding stocks, causing fever and leaving impressions on investors.