Yeah1 shares hit the ceiling for 4 consecutive sessions

Despite the VN-Index experiencing many sessions of decline, Yeah1 shares still maintained a 4-session ceiling increase streak, reaching 19,000 VND.

Yeah1 Group Corporation (stock code: YEG) continued to open the weekend trading session (December 20) in purple, bringing the market price to its highest level in over a year. The matched volume before lunchtime reached about 3.8 million shares, equivalent to over 70 billion VND.

This is the fourth consecutive ceiling price increase of the stock of the producer of “Anh trai vu ngan cong gai”. This series of increases brought the market price from 14,600 VND to 19,000 VND. This stock has become one of the rare codes on the Ho Chi Minh City Stock Exchange that continuously goes against the market trend. The market capitalization has accordingly reached more than 2,603 billion VND.

YEG stock price and liquidity chart.

Yesterday, YEG set a record for liquidity when the matched volume reached about 13.6 million shares, more than 7 times higher than the previous session and equivalent to a value of nearly 240 billion VND.

The increase in YEG shares came after the success of the program "Anh trai vu ngan cong gai" which was broadcast from June 2024. The program featured famous artists such as Tu Long, Bang Kieu, Tuan Hung, Soobin Hoang Son... causing a big buzz in the community, attracting a series of big brands to sponsor the program.

Faced with the stock's rise, Yeah1 has recorded positive business results. Specifically, the company's net revenue in the third quarter of 2024 reached VND345 billion, more than 3 times higher than the same period last year. Gross profit was more than VND79 billion, 3.6 times higher than the same period last year. Gross profit margin accordingly increased from 20% to 23%.

After deducting expenses, the company reported a profit after tax of more than VND34 billion, nearly 11 times higher than VND3.2 billion in the same period last year. This is the company's highest quarterly profit since the first quarter of 2022.

Accumulated in 9 months, Yeah1 recorded net revenue of 629 billion VND, 2.5 times higher than the same period in 2023. Of which, advertising and media consulting activities contributed 560 billion VND, the rest came from content copyright and service provision, e-commerce. Gross profit in this period was approximately 111 billion VND, double the same period last year. Gross profit margin reached 17.5%, down 4.5 percentage points compared to the same period.

Financial revenue reached VND101 billion, more than 3 times higher than the same period last year. Of which, profit from divesting subsidiaries contributed about VND60 billion, interest on deposits was more than VND21 billion. Yeah1 reported pre-tax profit of more than VND59 billion and after-tax profit of about VND56 billion, respectively 7 times and 4.5 times higher than the same period last year.

This year, Yeah1 aims for revenue of VND800 - 1,100 billion, an increase of 94 - 167% compared to 2023. The company expects after-tax profit of VND65-105 billion, an increase of more than 145-296% compared to last year. After the first 3 quarters of the year, the producer of "Anh trai vu ngan cong gai" has completed 57-79% of the revenue plan and 53-86% of the profit target.

At the end of the third quarter of 2024, the company's debt reached VND531 billion, a sharp increase compared to VND203 billion in the same period last year. Yeah1 said it had borrowed nearly VND190 billion to increase resources for production and business activities and buy shares and contribute capital in other companies. Accounts receivable accounted for 66% of Yeah1's asset structure. This is a big problem that businesses face when allocating assets inappropriately.

The company plans to issue 54.8 million shares (equivalent to 40% of outstanding shares) to existing shareholders. Charter capital will increase from VND1,370 billion to VND1,900 billion if the issuance is successful.

Source: https://baodautu.vn/co-phieu-yeah1-tang-tran-4-phien-lien-tiep-d233106.html