What causes the stock of the producer of "Anh trai qua ngan cong thorn" to be continuously sold off?

(NLDO)- Yeah1 recently approved a plan to offer more than 54.8 million shares to existing shareholders, expected to raise more than 548 billion VND.

On the trading session on January 9, YEG shares of Yeah1 Group Corporation were the only stocks that were sold off and hit the floor price to VND15,850/share. By the morning of January 10, the stocks continued to be sold off and fell sharply by nearly 4% to VND15,250/share, down about 40% from the peak a few weeks ago.

The sharp decrease came after Yeah1 CEO Ngo Van Hanh said the group would no longer produce the two reality shows "Anh trai vu ngan cong gai" and "Chi dep dap gio" in 2025, but would instead focus on two new reality TV projects.

Previously, thanks to the great success of the programs "Anh trai qua ngan cong gai" and "Chi dep dap gio", YEG shares increased continuously in 7 trading sessions at the end of December 2024, about to reach 25,000 VND/share - the highest level in more than 3 years.

After a series of continuous increases, YEG stock has had 6 floor-price sessions and 2 sharp declines. Investors "holding" high-priced stocks are losing heavily.

Many investors have just bought YEG shares with the hope of successfully catching the bottom but in fact bought right at the top, leading to heavy losses when this stock is forecasted to continue to fall sharply in the coming sessions.

Mr. Khanh Tran shared: "I bought YEG shares at the price of 18,000 VND in early 2025, thinking that I had caught the bottom but it turned out that I was catching the top. After only a few sessions, I lost more than 12%, and may lose more. I am wondering whether to keep or sell, because if I keep, I am afraid of losing more, but if I sell, I will regret it if the price increases again."

YEG shares increased sharply after "Anh trai vu ngan cong gai" and "Chi dep dap gio" made a splash in the market, but after the announcement of stopping production of these two programs, the shares decreased sharply.

In the context of a sharp drop in stocks, Yeah1's Board of Directors approved a plan to offer more than 54.8 million shares to existing shareholders, aiming to raise more than VND548 billion to increase charter capital.

This amount is expected to be used to supplement capital for subsidiary 1Production - the producer of the programs "Anh trai" and "Chi dep", including repaying loans and paying off debts at Vietinbank , as well as for content production business activities.

Mr. Huynh Dan, an investor in Ho Chi Minh City, expressed concern about the current situation: "I just bought YEG shares at the price of 18,000 VND, now I have lost money and I don't know whether to sell or keep them." He believes that Yeah1's issuance of additional shares while temporarily suspending production of the two programs Anh Trai and Chi Dep could cause the stock price to fall further in the short term.

Not only did its stock price fall, Yeah1 was recently fined nearly VND53 million for misdeclaring value-added tax, corporate income tax, and falsely declaring targets on the declaration. At the same time, it was charged over VND221 million in value-added tax and nearly VND44 million in late payment fees. In total, Yeah1 was fined and charged a total of VND318 million.

Source: https://nld.com.vn/dieu-gi-khien-co-phieu-cua-nha-san-xuat-anh-trai-vuot-ngan-chong-gai-lien-tuc-bi-ban-thao-196250110015711119.htm