Stunned by the increase in Quoc Cuong Gia Lai (QCG) stock

ANTD.VN - Although there is no special news related to production and business activities, Quoc Cuong Gia Lai's QCG stock has continued to increase rapidly over the past week.

In the last 8 trading sessions alone, QCG shares of Quoc Cuong Gia Lai Joint Stock Company have increased by more than 57%, reaching the current price of VND11,150/share. Of which, QCG recorded 4 sessions of ceiling price increase, the remaining sessions mostly closed at close to the ceiling price.

What makes many investors bewildered is that QCG's price has increased rapidly but it is unclear where the motivation comes from, because at present, Quoc Cuong Gia Lai has not announced new information or revealed its third quarter business results.

Quoc Cuong Gia Lai shares increase rapidly, despite no special news

With this price range, Quoc Cuong Gia Lai's stock has returned to the price range of mid-July, the time before the former CEO of this enterprise, Ms. Nguyen Thi Nhu Loan, was prosecuted in relation to the project 39 - 39B Ben Van Don, District 4, Ho Chi Minh City.

According to the audited financial report for the first half of 2024, Quoc Cuong Gia Lai achieved revenue of 65 billion VND in the first 6 months of the year, down 69% over the same period. After deducting expenses, Quoc Cuong Gia Lai had a loss after tax of nearly 17 billion VND.

The company’s updated semi-annual management report shows that as of July 30, Ms. Nguyen Thi Nhu Loan still owned approximately 102 million QCG shares. Ms. Loan’s son, Mr. Nguyen Quoc Cuong, currently the General Director, owns a modest 537,500 QCG shares.

Mr. Cuong's sister, Ms. Nguyen Ngoc Huyen My, owns 39.38 million shares; Ms. My's husband, Mr. Lau Duc Duy, owns 10.54 million QCG shares.

Source: https://www.anninhthudo.vn/choang-vang-voi-da-tang-cua-co-phieu-quoc-cuong-gia-lai-qcg-post593258.antd