Recently, the Ho Chi Minh City Stock Exchange (HoSE) announced the addition of TYA of Taya Vietnam Electric Wire and Cable Joint Stock Company to the list of non-margin issuance. The reason is that the after-tax profit in the consolidated audited financial statements for the first half of 2023 is a negative number.
Specifically, in the audited consolidated financial statements for the first half of 2023, the company lost more than VND 6 billion. This figure is higher than the loss of nearly VND 4 billion on the financial statements prepared by the company itself.
Accordingly, the number of stocks with margin cut on HoSE increased to 86 codes. Similar to TYA, many stocks have also just fallen into margin cut after announcing semi-annual review reports.
In which, the same reason for negative after-tax profit in the semi-annual financial report is APG of APG Securities JSC, DC4 of DIC Holdings Construction JSC, HVX of Vicem Hai Van Cement JSC, SMA of Saigon Spare Parts Equipment JSC,...
In addition, another reason why HoSE cut the stock margin is that the audited financial statements have opinions that are not fully accepted by the auditing organization. That is the case of DAH of Dong A Hotel Group Corporation and SPM of SPM Corporation.
Besides, many companies are not eligible for margin trading because the listing period is less than 6 months, such as ADP shares of Son A Dong JSC, SIP of Saigon VRG Investment JSC...
Similarly, the Hanoi Stock Exchange (HNX) has continuously updated the list of stocks with margin cuts in recent days.
A series of stocks such as EVS of Everest Securities JSC, BTS of Vicem But Son Cement JSC and most recently PEN of Construction JSC III - Petrolimex were put on the list of stocks not eligible for margin. The main reason also comes from the negative after-tax profit in the semi-annual audited financial statements .
Thu Huong
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