Hoa Sen Steel shares and 79 other codes have their margin cut on HoSE

According to this announcement, HSG shares of Hoa Sen Group Joint Stock Company had their margin cut because the after-tax profit of the parent company's shareholders on the audited Consolidated Financial Statements for the first 6 months (fiscal year 2022 - 2023) was a negative number.

Specifically, according to the accumulated financial report in the first 6 months of the 2022-2023 fiscal year (from October 1, 2022 to March 31, 2023), Hoa Sen Group recorded revenue of VND 14,898.3 billion, down 49.7% over the same period last year and recorded a loss of VND 429.62 billion after deducting expenses, while in the same period last year, the profit was up to VND 873.02 billion.

Receiving information about margin cut, HSG shares fell nearly 3.5% in the session of May 31 to 15,300 VND/share.

HoSE's announcement on margin cut of two codes HSG and THI.

Next, THI shares of Dien Electrical Equipment Joint Stock Company (THIBIDI) had their margin cut due to the reason that the securities are subject to delisting. Accordingly, 48.8 million THI shares will have their last trading session on June 28 and then be delisted.

Previously, at the 2023 annual general meeting of shareholders held on April 17, the company's shareholders approved a proposal to cancel the registration of a public company, delist all shares at HoSE, and cancel the registration of securities at the Vietnam Securities Depository Center.

On May 17, the State Securities Commission sent a dispatch to THIBIDI regarding the cancellation of the public company status of this enterprise from April 17, 2023. On May 22, HoSE also received a dispatch from the State Securities Commission regarding the delisting of THIBIDI.

THI shares were officially listed on the Hanoi Stock Exchange (HNX) at the end of May 2021 and by early September 2021, THI shares had switched to listing on the HoSE.

On the stock market, at the close of trading on May 30, THI shares suddenly jumped 5.77% to VND27,500/share. By this morning, May 31, THI had dropped back to VND26,000/share.

In addition to adding 2 new codes with margin cut, ACG stock of An Cuong Wood Joint Stock Company was removed from the list of securities not eligible for margin trading because this code has been listed for 6 months from the first trading day.

According to HoSE, as of May 30, this floor had 80 stock codes that were not eligible for margin trading until May 30, including many familiar stock codes such as Hoang Anh Gia Lai (HAG), Hoa Binh Construction (HBC), Vietnam Airlines (HVN),...

Source: https://nld.com.vn/kinh-te/co-phieu-thep-hoa-sen-va-79-ma-khac-bi-cat-margin-tren-san-hose-20230531131210875.htm