On August 31, the Ho Chi Minh City Stock Exchange (HOSE) announced a list of 7 additional stocks that are not eligible for margin trading. The main reason is that the audited consolidated financial statements for the first 6 months of 2023 showed losses.
Of which, 6 stocks including DRH of DRH Holdings Joint Stock Company; DXS of Dat Xanh Real Estate Services Joint Stock Company; HAS of Hacisco Joint Stock Company; SBV of Siam Brothers Vietnam Joint Stock Company; TDC of Binh Duong Trading and Development Joint Stock Company and TTE of Truong Thinh Energy Investment Joint Stock Company were due to loss-making business results.
Many stocks have their margin services cut off due to business losses.
For example, DXS reported revenue of VND1,029 billion but a loss of VND61 billion in the first 6 months of the year. Or TTE recorded a 9% decrease in consolidated electricity sales revenue in the first half of this year to VND70 billion and a loss after tax of nearly VND8 billion while in the same period last year it still made a profit of more than VND6 billion. Similarly, TDC reported revenue of VND244 billion in the first 6 months, down 70% compared to the same period last year and a net loss of nearly VND322 billion while in the same period last year it made a profit of nearly VND23.6 billion...
In particular, ADG shares of Clever Group Joint Stock Company had their margin cut because the audited consolidated financial statements for the 2023 semi-annual period had an opinion that was not fully accepted by the auditing organization.
Thus, with the addition of 7 stocks, the list of stocks with margin cut at HOSE has increased to 94 stocks. Most of them are due to business losses. The rest are stocks that are under warning, control or have been listed for less than 6 months.
Previously, in early July, HOSE announced a list of 76 stocks and fund certificates that are not eligible for margin trading in the third quarter of 2023. Thus, up to now, the number of stocks cut off from margin lending on HOSE is 18 more than the list.
Right from the beginning of the third quarter of 2023, the Hanoi Stock Exchange also announced a list of 72 stocks that are not eligible for margin trading. Of which, 20 stocks are due to businesses that have suffered losses by the end of 2022, such as APS, CMC, CTC, DPC, DS3, KDM, KKC, KSQ, KTT, L40, L43, L61, NDN, PV2, PVB, TTH, VE1, VE4, VE8, WSS. In addition, the codes CTC, DPC, DS3, DTC...
Source: https://thanhnien.vn/co-phieu-bi-cat-cho-vay-ky-quy-tren-san-hose-len-94-ma-185230831164153658.htm
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