The State Securities Commission (SSC) has just decided to fine Ms. Nguyen Thi My Hanh 1 billion VND for illegally trading more than 6.4 million ITA shares.

Ms. Nguyen Thi My Hanh is the sister-in-law of Ms. Dang Thi Hoang Yen - Chairwoman of ITA Board of Directors and wife of Mr. Dang Quang Hanh - Vice Chairman of Board of Directors.

Specifically, Ms. Hanh bought more than 1.1 million shares and sold nearly 4.7 million ITA shares of Tan Tao Investment and Industry Corporation in June 2022. Then, in July 2022, Ms. Hanh also sold 88,000 shares and continued to sell 520,000 ITA shares in September 2022.

In addition to the fine, the State Securities Commission also imposed an additional fine on Ms. Hanh by suspending trading for 3.5 months.

The secret sale of ITA shares helped Ms. Hanh escape the downward trend of ITA shares. In June 2022, ITA shares fluctuated at VND7,180-12,750/share, then fell sharply. As of November 2022, this stock fell to more than VND2,000/share.

According to ITA's 2023 semi-annual management report, Ms. Dang Thi Hoang Yen holds 54.35 million shares (5.79%). Mr. Dang Thanh Tam (Ms. Yen's younger brother and Mr. Dang Quang Hanh) holds 29.06 million shares (3.1%). Meanwhile, Mr. Dang Quang Hanh and his wife Ms. Nguyen Thi My Hanh do not hold any shares.

Regarding ITA's business situation, by the end of the third quarter of 2023, sales and service revenue reached more than 186 billion VND, nearly double compared to the same period; profit after tax reached 78 billion VND, 3.25 times higher than the same period in 2022.

Accumulated in the first 9 months of the year, ITA reached 332.7 billion VND, down 28.8% over the same period; profit after tax reached 114.8 billion VND, down 25% over the same period in 2022.

At the end of the trading session on January 25, ITA shares reached 6,270 VND/share.

Business News

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

* CRC: The financial statements for the fourth quarter of 2023 of Create Capital Vietnam JSC recorded net revenue of more than VND 103 billion, an increase of 33%; net profit reached more than VND 6 billion, an increase of 73%.

* DC4: DIC Holdings Construction Joint Stock Company's fourth quarter of 2023 had the most extraordinary and record-breaking business results, with net revenue of nearly 321 billion VND, 3.2 times higher than the same period. Net profit of more than 100 billion VND (same period, loss of more than 500 million VND).

* TBC: In the fourth quarter of 2023, Thac Ba Hydropower JSC achieved VND 109 billion in revenue, 42% lower than the same period; net profit was VND 27 billion, down 64% over the same period. Revenue for the whole year of 2023 reached VND 431 billion, down 41% over the previous year; profit after tax was VND 169 billion, down 61% over 2022.

* MSB: Consolidated financial statements show that Vietnam Maritime Commercial Joint Stock Bank earned nearly VND 607 billion in pre-tax profit in the fourth quarter of 2023, down 37% year-on-year due to a sharp increase in risk provisions.

* SBH: Song Ba Ha Hydropower JSC announced the closing date for the second interim dividend payment in 2023 in cash at a rate of 53.25%. The ex-dividend date is January 30, the expected payment date is May 15.

* VNB: At the end of 2023, Vietnam Book Joint Stock Company achieved revenue of 34 billion VND, not much different from the previous year. Thanks to financial revenue of up to 99 billion VND, after deducting expenses, the company still had a profit after tax of nearly 69 billion VND, an increase of 72% compared to the previous year.

* NTP: According to the consolidated financial report for the fourth quarter of 2023, Tien Phong Plastic Joint Stock Company achieved 1,351 billion VND in revenue, down nearly 14% over the same period; consolidated profit after tax in the fourth quarter of 2023 was more than 164.66 billion VND, up 137.83% over the same period.

* PEN: Petrolimex Construction III (PEN)'s (IV/2023) financial statement said that in this quarter, the company recorded revenue of VND67 billion, up 24.7% over the same period last year. However, after-tax profit was negative VND3.1 billion, while in the same period last year it reported a profit of VND7 billion.

* HCD: In the fourth quarter of 2023, Production and Trade Investment Joint Stock Company recorded net revenue of VND 258 billion and net profit of VND 28 billion, up 41% and 71% respectively over the same period.

VN-Index

At the end of the trading session on January 25, 2024, VN-Index decreased by 2.6 points (-0.22%) to 1,170.37 points, HNX-Index decreased by 0.01 points, to 228.52 points, UpCOM-Index increased by 0.04 points (+0.04%), to 87.68 points.

According to SHS Securities Company, in the short term, the market is adjusting before the psychological resistance level of 1,200 points. In a negative case, VN-Index may retest the previous 1,150-1,160 point zone. SHS Securities believes that the market will return to positive after the adjustment and is completely capable of surpassing the psychological resistance level of 1,200 points.

Tan Viet Securities Company (TVSI) believes that the current correction is still mainly due to the cash flow rotation towards previously adjusted industry groups or focusing on stocks that increased later in the price-increasing industry group, and today the retail group is typical.

With the decline narrowing on January 25, the index also showed signs of ending the correction and is expected to rebound soon. The resistance level that could cause market fluctuations in the near future could be around the 1,200 point threshold.

Selling stocks at the peak and buying them back at a bargain price, tycoon Luong Tri Thin earned more than 100 billion VND . Closing at the peak and buying back stocks at a bargain price, Chairman of Dat Xanh Group Luong Tri Thin earned about 140 billion VND.