Despite receiving double the salary, Dam Sen Water Park leader still resigns

Mr. Nguyen Quoc Anh's resignation letter from the position of Vice Chairman of the Board of Directors of Dam Sen Water Park JSC (DSN) was sent to the Board of Directors in early November.

The Board of Directors of Dam Sen Water Park has approved the application and submitted it to shareholders for approval at the 2024 Annual General Meeting of Shareholders, scheduled to be held on January 30, 2024.

Mr. Nguyen Quoc Anh (born in 1966) has a bachelor's degree in Economic Law, originally from Ho Chi Minh City. He was elected to the Board of Directors of Dam Sen Water Park for the third term (2013-2017) and has held the position of Vice Chairman since then.

lotus stock.png — *Dam Sen Water Park leader suddenly resigned.*

At the 2023 Annual General Meeting of Shareholders, Mr. Nguyen Quoc Anh was re-elected to the Board of Directors for term V (2023-2028).

It is known that Mr. Nguyen Quoc Anh is also a founding member and major shareholder owning 33.54% of charter capital.

In addition, Mr. Nguyen Quoc Anh is also holding the position of Member of the Board of Directors of Thu Duc Tourism Service Joint Stock Company; Member of the Board of Directors of Saigon Dong Ha Tourism; Member of the Board of Directors of Saigon Da Lat Tourism...

In the consolidated financial statements for the third quarter of 2023, Mr. Nguyen Quoc Anh received an income of more than 762 million VND in the first 9 months of the year, 2.2 times higher than the same period in 2022.

Regarding business results, Dam Sen Water Park achieved nearly 33 billion VND in net profit in the third quarter of 2023, down 24% over the same period.

In the first 9 months of the year, Dam Sen Water Park's net revenue was VND224 billion, up 6% over the same period and exceeding the annual plan by 7%. Net profit did not increase, remaining at nearly VND100 billion.

At the end of the trading session on November 8, DSN shares reached 53,700 VND/share.

Business News

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

* TVN : Vietnam Steel Corporation - JSC has announced the collection of shareholders' written opinions regarding the adjustment of the 2023 production and business plan. TVN plans to adjust the parent company's pre-tax profit plan from 52 billion to 1 billion VND.

* DDG : According to the consolidated financial statements for the third quarter of 2023, Dong Duong Import-Export Industrial Investment Joint Stock Company achieved a net profit of VND 1.6 billion. Accumulated loss in 9 months was up to VND 192 billion.

* IMP: Imexpharm Pharmaceutical Joint Stock Company will spend VND 67 million/year, equivalent to about VND 200 billion in the period of 2024 - 2026 to reward key staff instead of issuing 3.3 million ESOP shares as originally planned.

* SHS: Mr. Tran Sy Tien, Deputy General Director and Chief Accountant of Saigon - Hanoi Securities JSC, registered to sell all of his more than 1.1 million shares. The expected trading time is from November 10 to December 10. The reason for selling is to meet personal financial needs.

* MAC: Maritime Technical Services and Supply Joint Stock Company approved TM Holding Fund Company Limited and related organizations and individuals to buy additional shares to increase ownership to 65% through order matching/negotiation purchase.

* GVR: In the third quarter of 2023, Vietnam Rubber Industry Group's net revenue reached more than VND 6,195 billion, up 6% over the same period; net profit was VND 312.8 billion. In the first 9 months of the year, GVR recorded net revenue of nearly VND 14,489 billion, down 11%; net profit was VND 1,421 billion, down 51%.

* PC1: PC1 Group Corporation announced the closing date for 2022 dividend payment in shares at a rate of 15% (equivalent to 41 million shares). The ex-dividend date is November 22.

VN-Index

At the end of the trading session on November 8, VN-Index increased by 33.14 points (+3.07%) to 1,113.43 points, HNX-Index increased by 8.74 points (+4%) to 227.03 points, UpCOM-Index increased by 1.56 points (+1.84%) to 86.17 points.

According to Vietcombank Securities Company (VCBS), in the session on November 9, from a technical perspective, VN-Index ended the session with a strong green candlestick. On both the daily and hourly charts, most indicators are pointing up positively thanks to strong demand and have not yet given any signal of creating the next peak.

With the current developments, the VN-Index may still maintain a positive trend but there will be differentiation in the short term.

According to Tan Viet Securities Company (TVSI), with the explosive session following the momentum, VN-Index has the opportunity to form a new uptrend instead of just recovering like before.

Short-term adjustment sectors yesterday such as banking, steel, real estate and securities all increased strongly again, helping the index completely break through the previous short-term resistance zone and aim for a higher target.

In the trading session on November 9, the index will retest the 200-session average level converging with the January peak at around 1,115-1,125 points. TVSI expects the index to continue to break out and recover to retest the previously established bottom around the 1,150-point area.

After more than 4 months of being prosecuted, Mr. Nguyen Do Lang's wife sold nearly 1 million more shares . After more than 4 months of being prosecuted, Ms. Huynh Thi Mai Dung, Mr. Nguyen Do Lang's wife, sold nearly 1 million shares. Ms. Huynh Thi Mai Dung is a major shareholder at Cotana.

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