Van Phu - Invest Investment Joint Stock Company (code VPI) announced that Mr. To Nhu Thang, Vice Chairman of the Board of Directors, registered to sell 3.5 million shares during the period from March 18-22, by agreement and order matching.
At present, Mr. Thang is holding more than 14 million shares, equivalent to an ownership ratio of 5.82%. If he successfully sells the above shares, Mr. Thang will reduce his ownership ratio at VPI to 4.38% and will no longer be a major shareholder.
If temporarily calculated according to the closing price of VPI shares on March 14 at VND58,100/share (up more than 6% compared to the beginning of the year), Mr. Thang can earn nearly VND205 billion.
In 2023, VPI recorded revenue of nearly VND 1,877 billion and net profit of more than VND 509 billion, down 13% and 6% respectively compared to the previous year.
Similarly, Dong Hai Ben Tre Joint Stock Company (code DHC) also announced that Mr. Nguyen Thanh Nghia, member of the Board of Directors, registered to sell 2 million shares from March 18 to April 12, citing financial needs.
Mr. Nghia currently holds nearly 10.4 million shares, equivalent to a 12.9% ownership ratio. If the transaction is successful, Mr. Nghia's ownership ratio at DHC will be 10.42%.
Provisionally calculated according to the March 14 session price of DHC shares at 46,000 VND/share, it is estimated that Mr. Nghia will earn more than 88 billion VND if he sells all the registered shares.
Previously, from February 16 to March 7, Mr. Nghia also successfully sold 1 million shares, reducing his ownership ratio from 14.14% to 12.9% as present.
Mr. Nghia's selling move comes as DHC shares have been on an upward trend since December 2023. As of the end of the session on March 14, DHC shares increased by 18%.
The market also recorded leaders and relatives in the Board of Directors of Mobile World Investment Corporation (code MWG) selling when the stock price was on the rise of more than 40% in the past 4 months.
For example, Ms. Nguyen Thi Thu Tam, sister of Mr. Nguyen Duc Tai, Chairman of the Board of Directors, registered to sell 200,000 shares by order matching or negotiation. The transaction period is from March 14 to April 12.
Previously, from February 20 to March 20, Ms. Nguyen Viet Trieu, wife of Mr. Ngo Ha Bac, member of the Board of Directors of MWG, registered to sell 600,000 MWG shares, reducing her ownership ratio from 0.246% to 0.217%.
Mr. Robert Alan Willett, a non-executive member of MWG's Board of Directors, has registered to sell 1.2 million shares, reducing his ownership from 0.548% to 0.466%. Trading period from February 27 to March 27.
Business News
The stock market has a number of other important events of listed companies.
* VSH: Vinh Son - Song Hinh Hydropower Joint Stock Company plans to submit to the General Meeting of Shareholders for approval a revenue plan of nearly VND 1,970 billion, down 24% compared to last year. The target profit after tax is over VND 505 billion, equal to about 50% of the 2023 implementation.
* BAF: On March 12, BAF Agriculture JSC put into operation two green farm clusters, including Hai Dang High-Tech Pig Farm Cluster and Tan Chau High-Tech Pig Farm.
* CC1: Construction Corporation No. 1 has withdrawn all capital from the Tan Van commercial housing project after one year of capital injection.
* GGG: On March 8, Mr. Nguyen Ha Duc became a major shareholder of Giai Phong Auto JSC after buying more than 1.8 million shares, increasing his ownership ratio from 2.71% to 8.85%.
* HGM: Ha Giang Mechanical and Minerals JSC continues to register to sell all nearly 1.2 million KHD shares of Hai Duong Mineral Exploitation and Processing JSC after 2 consecutive unsuccessful sales. The transaction is expected to be carried out from March 14 to April 13.
* VIX: VIX Securities Corporation will submit to the 2024 Annual General Meeting of Shareholders to pay stock dividends at a rate of 10% and bonus shares to shareholders at a rate of 10%. The total rate that shareholders receive is 20%.
* VNL: On March 20, Vinalink Logistics JSC closed the transaction without the right to attend the 2024 Annual General Meeting of Shareholders and paid the second dividend of 2023 in cash at a rate of 7%. VNL is expected to pay on April 16.
* CCM: Can Tho Minerals and Cement JSC will finalize the list of shareholders attending the 2024 Annual General Meeting of Shareholders and pay 2023 cash dividends at a rate of 20%. The ex-dividend date is March 29. CCM plans to hold the General Meeting of Shareholders on April 27. Dividends are expected to be paid on May 30.
* ACB: Asia Commercial Joint Stock Bank has just announced documents for the 2024 Annual General Meeting of Shareholders scheduled to take place on April 4, with a profit plan of VND 22,000 billion, an increase of 10% over the previous year.
VN-Index
At the end of the trading session on March 14, VN-Index decreased by 6.25 points (-0.49%) to 1,264.26 points, HNX-Index increased by 1.48 points (+0.62%) to 239.68 points, UpCOM-Index increased by 0.09 points (+0.1%), to 91.62 points.
According to SHS Securities, from a short-term perspective, the market's strong recovery and fluctuations in the session on March 14 are normal movements. Although in the short term, the VN-Index may continue to increase to the strong resistance zone of 1,300 points.
However, the previous increase above 1,250 points is not reliable enough, so the risk of unusual market fluctuations is high. SHS believes that after the end of the excitement, VN-Index will correct back within the channel of 1,150-1,250 points.
According to Tan Viet Securities (TVSI), the decline was partly due to the impact of the leading industry group, banking, as this industry group has not yet finished adjusting after a previous period of strong growth.
TVSI expects the index to maintain its current upward momentum. In the last trading session of the week, it is expected that the index will soon regain balance and form a new accumulation price base.
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