NO1 shares of 911 Group hit "floor price"

Morning trading session November 25, The stock market opened cautiously but then investor sentiment improved, helping the VN-Index quickly regain green, up 5 points by the end of the morning, to 1,233 points.

Real estate stocks in the session attracted attention when green dominated, such as Vingroup stocks including VHM, VIC, VRE, all green, in which VHM code at one point skyrocketed by more than 3.2%.

The codes DXG, HDG... also traded well and are in the top 5 codes with the most active liquidity in the market.

This morning, the market focus was on POW when this stock reached the highest liquidity in the market with a sudden increase in trading volume, reaching more than 16 million units, double the average liquidity of the last 10 trading sessions.

Currently, POW shares have hit the ceiling price, reaching VND12,150/share. POW's strong price increase has also pulled many other electricity stocks up.

Meanwhile, another stock, NO1 of 911 Group, hit the floor price since the opening session, down to the lowest level of the past week at VND12,400/share. NO1 stock is currently empty on the buying side, with nearly 1.3 million units remaining for sale at the floor price.

Cổ phiếu NO1 của Tập đoàn 911 giảm — NO1 stock hit the floor right from the opening session, no buyers

The "floor price" of NO1 stock occurred after Mr. Luu Dinh Tuan, Chairman of the Board of Directors and Legal Representative of the company, passed away on November 22, right before the company's extraordinary General Meeting of Shareholders.

Immediately afterwards, the group appointed Ms. Nguyen Thi Thom as Chairwoman of the Board of Directors and legal representative of the group for the remaining term of 2020 - 2025, effective from November 23.

Ms. Thom is the sister-in-law of Mr. Luu Dinh Tuan. In October, Ms. Thom divested all of her 600,000 NO1 shares, accounting for more than 2.5% of the company's capital.

Previously, Ms. Thom resigned from the Board of Directors of 911 Group because she could not arrange time to undertake the assigned work. At the same time, the NO1 leadership also dismissed her from the position of Deputy General Director.

Previously, this company attracted attention when it announced a cooperation plan with VinFast to deploy a taxi service branded “911 taxi”.

911 Group (911 GROUP.JSC), formerly 911 Foundation Equipment Joint Stock Company, was established on March 22, 2011. Its main business activity is wholesaling machinery, equipment and other machine parts.

911 Group officially successfully issued shares to the public and became a public company with a total charter capital of up to 240 billion VND. The company was officially listed on the Ho Chi Minh City Stock Exchange (HoSE) in the second quarter of 2022.

Regarding business results, 911 Group's net revenue in the third quarter of 2024 reached more than VND 226 billion, down 13% over the same period. After deducting expenses, after-tax profit reached nearly VND 5 billion, up 26%.

In the first 9 months of the year, the company achieved revenue of 672 billion VND, an increase of 63%; after-tax profit of more than 19 billion VND, an increase of 211% over the same period in 2023, exceeding the whole year plan.