Investors need to calmly verify unofficial information spread online - Photo: QUANG DINH
Stocks "hit the floor" after rumors
According to Tuoi Tre Online , on many forums, securities "rooms" spread rumors that TCH shares of Hoang Huy Financial Services Investment Joint Stock Company were investigated by the Securities Commission for trading in the period 2021 - 2022.
This information is believed to be the "source" that caused TCH shares to have a session of falling to the limit on August 9 and the remaining selling volume at the floor price at one point "piled up" nearly 14 million units.
Afterwards, the Securities Commission spoke up to say that this was a periodic inspection activity according to regulations for listed enterprises.
However, in this morning's trading session (August 9), TCH continued to decrease by more than 3%, to VND16,100/share. The positive point to "save" is that the "piled up" surplus of sales until this morning was almost completely absorbed.
However, TCH's capitalization has still "evaporated" about more than 1,000 billion VND after the information spread throughout groups. The loss for shareholders holding this stock is not small.
In addition to TCH, HHS of Hoang Huy Service Investment Joint Stock Company also decreased by nearly 4.2% at the end of this morning's session after "lying on the floor" yesterday.
It is worth mentioning that this is not the first time that internal documents have been cut and spread on groups and social networks, causing investors to "race" to sell off stocks.
Speaking with Tuoi Tre Online , a stock expert recommends that investors calmly verify unofficial information spread online.
Meanwhile, stockbrokers are also cautious about spreading unofficial documents and information that are "cut" for different purposes.
If these rumors have an impact on stock prices, in addition to "hunting down" those who intentionally "cut" or "leaked" inside information, those who spread them also have some responsibility for "contributing" to inflating or depreciating stock prices.
Regarding TCH, Tuoi Tre Online contacted, but the corporate media said they had no information to release regarding the incident.
Who is the owner of Hoang Huy ecosystem?
Over the past year, TCH shares have increased by nearly 35%. From a price of over VND12,000, TCH at one point rose to over VND20,000/share, then dropped to the current level of over VND16,000.
According to the recently released management report for the first 6 months of 2024, Mr. Do Huu Ha holds more than 262 million TCH shares - equivalent to 39.23% of TCH's capital. Converted, Mr. Ha owns assets of about more than 4,200 billion VND.
Of Mr. Ha's three sons, Do Huu Hau, Do Huu Huy, and Do Huu Hung, only Mr. Hung holds more than 2.5 million shares, the other two do not own shares at TCH.
According to the annual report, TCH has a charter capital of over 6,682 billion VND, headquartered in Hai Phong City. Initially, this enterprise mainly distributed exclusively the Navistar tractor line, USA. Then it became more famous when participating in a series of real estate such as the 33-storey Gold Tower building and many other projects in Hai Phong.
Currently, Mr. Ha also holds the position of Chairman of the Board of Directors of Hoang Huy Service Investment Joint Stock Company (stock code: HHS).
Regarding business performance, TCH's revenue and after-tax profit in the second quarter of this year reached VND828 billion and VND229 billion, respectively, up 162% and 35% over the same period. Meanwhile, HHS's revenue reached VND104 billion in the second quarter, and after-tax profit reached VND108 billion, both up about 68%.
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