HPX extended its ceiling price increase streak to 3 consecutive sessions since it resumed full-time trading on the Ho Chi Minh City Stock Exchange, with the weekend session alone recording a ceiling price surplus of more than 20 million shares.
Despite the fact that many real estate stocks reversed from increasing to decreasing in the session of March 22, shares of Hai Phat Investment Joint Stock Company (stock code: HPX) remained purple throughout the trading period. This stock closed the last session of the week at VND7,490 in a "no sell side" state, while the remaining buy volume at the ceiling price was 20.24 million shares, equivalent to 6.6% of the outstanding shares.
Today, HPX liquidity reached 2.3 million shares, the highest level since this stock was traded again on the Ho Chi Minh City Stock Exchange from March 20 after a long suspension. Most of the transactions were made by domestic investors and only a small volume of shares were transferred by foreign investors. The matched volume in the last session of the week was equivalent to 18 billion VND.
Thus, HPX has increased to the ceiling for 3 consecutive sessions, thanks to which the market price jumped from 5,460 VND to 7,490 VND, equivalent to an increase of more than 37%. This increase far exceeded the recovery of VN-Index because the index representing the Ho Chi Minh City Stock Exchange in the last 3 sessions only increased by about 3.16%.
With more than 304 million listed shares, the company's current market capitalization is about VND 2,278 billion.
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| HPX stock price and liquidity chart within one year. |
HPX fluctuated strongly after the Ho Chi Minh City Stock Exchange (HoSE) decided to remove it from the trading suspension since March 14 and resume trading in the middle of this week because the company had disclosed information on time. This increase was also consistent with the stock market's performance in the middle of the week.
Previously, on March 7, Hai Phat's Board of Directors sent a document to the State Securities Commission and the Ho Chi Minh City Stock Exchange to request that this stock be allowed to trade again. According to the company, after HPX shares were suspended from trading, the company conducted an investigation and review to learn from experience to avoid violations of information disclosure obligations. On March 7, the company announced its audited financial statements for 2023 with full approval from the auditor.
Hai Phat's Board of Directors added that the suspension of trading of HPX shares has caused many difficulties for production and business activities, such as accessing capital from credit institutions and financial institutions to implement the Project, facing great pressure from shareholders and investors, difficulties in restructuring debt, valuing collateral for loans, issuing bonds, etc.
This year, Hai Phat plans to have revenue of VND 2,800 billion, an increase of 64.7% over the same period, expected profit after tax of VND 105 billion, a decrease of 21.8% compared to the implementation in 2023 and expected dividend at a rate of 5%.
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