Quoc Cuong Gia Lai shares increased by one and a half times compared to the bottom at the beginning of the year.

QCG shares of Quoc Cuong Gia Lai Joint Stock Company are having a series of ceiling price increases for 3 consecutive sessions with explosive liquidity, bringing the market price to 12,450 VND.

Shares of Quoc Cuong Gia Lai Joint Stock Company continued to maintain an excited state today when they increased sharply from the beginning of the session, then hit the ceiling and maintained this level until the end of the day. QCG closed the trading session on March 27 at 12,450 VND, extending the streak of increasing to the maximum amplitude since the beginning of the week. QCG closed with no sellers, while there were over 162,000 buy orders at the ceiling. The current price range has increased by 50% compared to 8,300 VND - the bottom level since the beginning of the year, set in early February 2024.

With more than 275 million shares listed on the Ho Chi Minh City Stock Exchange, QCG's market capitalization currently reaches VND3,425 billion, an increase of more than VND600 billion compared to before the increase was activated.

Not only did the market price fluctuate strongly, but the liquidity of Quoc Cuong Gia Lai shares also surged. Specifically, the matched volume in the last 3 sessions was over 1 million shares per session. Particularly in the trading session on March 27, QCG recorded 3.34 million shares successfully transferred, with a total transaction value of 41.5 billion VND, nearly 4 times higher than the previous session. This was also the session with the highest liquidity since the beginning of the year for this stock.

QCG stock price and liquidity chart since the beginning of the year.

QCG's growth is relatively consistent with the performance of real estate stocks, especially when some large-cap real estate stocks have recovered significantly after a sharp correction in early March. Regarding Quoc Cuong Gia Lai's operations, this enterprise has not announced much information about its business prospects this year to indirectly affect the stock price. The last time Quoc Cuong Gia Lai announced information was at the end of January, when the company released its consolidated financial report for the fourth quarter of 2023.

According to consolidated figures last year, Quoc Cuong Gia Lai had revenue of VND432 billion, a sharp decrease compared to VND1,265 billion in the same period. Profit after tax reached VND10.3 billion, only about 30% compared to the same period.

At the end of 2023, Quoc Cuong Gia Lai had total assets of VND9,584 billion, a slight decrease compared to VND9,948 billion at the beginning of the period. The company still had more than VND525 billion in undistributed profit after tax. Liabilities were VND5,235 billion, most of which were short-term debts.

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