According to the Hanoi Stock Exchange (HNX), two 2-year bond lots of Novaland Real Estate Investment Group Corporation (Novaland, code: NVL) are NVLH2224005, which will mature on February 16 and NVLH2224006, which will mature on March 15.

Code NVLH2224005 issued by Novaland is worth 500 billion VND, while code NVLH2224006 is worth 1,500 billion VND.

Notably, nearly VND 11,500 billion out of the total outstanding bond debt of VND 40,000 billion (as of the end of the third quarter of 2023) of Novaland has been extended by 1-2 years compared to the original maturity date.

Specifically, 7,000 billion VND of short-term bonds issued by VPS Securities as an agent will have their payment period extended from 2023 to 2024.

Next, the VND1,300 billion bond lot arranged by TCBS Securities and the VND1,000 billion bond lot with MB Securities as agent were also extended for another 2 years.

In addition, another batch of short-term bonds is in the negotiation stage to change the maturity date, according to Novaland.

In 2023, Mr. Bui Thanh Nhon's enterprise purchased 2,371 billion VND in advance of maturity in 3 bond lots with a total original issuance price of more than 6,000 billion VND.

Obviously, the extended bond debt has greatly reduced pressure on Novaland as well as the positive signals in the business activities of this enterprise over the past time.

However, in reality, the pressure to mature Novaland's bonds in the 2024-2025 period is still very large.

Despite many positive points, Novaland's results for the first 9 months of 2023 have not had many clear changes. Accumulated revenue by the end of the third quarter of 2023, Novaland reached 2,731 billion VND; after-tax loss reached nearly 958 billion VND.

Closing transaction on January 12, NVL shares reached 16,300 VND/share.

Business News

The stock market has a number of other important events of listed companies.

* POW: Vietnam Oil and Gas Power Corporation has just announced its preliminary business results for 2023. Of which, total revenue is estimated at VND 30,614 billion, up 6% compared to 2022. Pre-tax profit reached VND 1,327 billion, exceeding the annual plan by 4%.

* BRC: Ben Thanh Rubber Joint Stock Company announced its Q4/2023 financial statements with net profit increasing by 85% year-on-year to VND5.2 billion, mainly due to the recovery of the rubber segment. Accumulated net profit in 2023 reached VND19.4 billion, up 4% and promptly completed the annual plan.

* PIC: Power Investment Joint Stock Company 3 announced its financial statements for the fourth quarter of 2023 with revenue decreasing slightly by 7% over the same period, reaching VND 52 billion. Profit after tax was VND 15 billion, up 14% over the same period.

* VGC: On January 12, Viglacera Corporation announced information about this enterprise being administratively fined for tax violations with a total amount of more than 11 billion VND.

* MVN: The Board of Directors of Vietnam National Shipping Lines has just approved the policy of transferring all 60% of investment capital at Vietnam Container Exploitation Company Limited (Vinabridge) equivalent to 9.9 billion VND.

* VCA: Vicasa Steel JSC - VNSTEEL has just announced its financial report for the fourth quarter of 2023 with a net profit of VND 3.6 billion, down 46% year-on-year. Accumulated for the whole year of 2023, Vicasa Steel recorded net revenue of VND 1,725 ​​billion, down 26% year-on-year; net profit was VND 7 billion, a loss of VND 6 billion in the same period.

* NED: Northwest Power Investment and Development Joint Stock Company continued to record a decline in business results in the fourth quarter of 2023 with a profit after tax of VND 2.3 billion, 23% lower than the same period. Accumulated for the whole year of 2023, profit after tax decreased by 86%, achieving only 25% of the set target.

* GLS: Chairman of the Board of Directors of Sen Vang Securities JSC - Mr. Cao Tan Thanh has just registered to buy 775,000 shares in the period from January 18 to 31, 2024.

* VHC: According to the resolution of the Board of Directors of Vinh Hoan Corporation dated January 10, the company's shareholders will soon receive 2023 cash dividends at a rate of 20%. The shareholder list will be finalized on January 25, corresponding to the ex-dividend date of January 24.

VN-Index

At the end of the trading session on January 12, VN-Index decreased by 7.52 points (-0.65%) to 1,154.7 points, HNX-Index decreased by 2.39 points (-1.03%) to 230.31 points, UpCOM-Index decreased by 0.66 points (-0.75%), to 86.9 points.

According to Yuanta Vietnam Securities Company, the market is likely to maintain its short-term uptrend next week and the VN-Index will soon head towards the resistance level of 1,185-1,215 points. However, the uptrend next week may experience continuous fluctuations as banking stocks may be under high profit-taking pressure and cash flow may be differentiated among stock groups.

Yuanta Vietnam believes that the market will still experience continuous increases and decreases, and the VN30 index may still face correction pressure in the next trading week when short-term risks in this group of stocks show signs of increasing with many reversal signals appearing.

Therefore, short-term investors need to avoid chasing buying at uptrends to avoid price disadvantages, especially limiting additional purchases in the banking group.

According to Agriseco Securities Company, the fact that the index moved sideways within a narrow range while liquidity showed signs of a sudden increase, +30% compared to the previous trading week, is a relatively negative signal. Cash flow concentrated mainly in the banking sector helped the VN-Index avoid a deep decline but lacked spread to the remaining sectors.

Mr. Bui Thanh Nhon received a lower salary than the 2 General Directors of Novaland. In Novaland's financial report for the second quarter of 2023, the salaries of members of the Board of Directors and the Executive Board in the first 6 months of the year were revealed.