Receiving good news, real estate stocks 'explode'

Thu Duc Housing Development Corporation (TDH) has just sent a document to the Ho Chi Minh City Stock Exchange (HOSE) to explain why its stock price increased to the ceiling for 5 consecutive sessions from May 24-30.

TDH believes that TDH shares have increased to the ceiling for 5 consecutive sessions due to the supply and demand of the stock market. Investors' decisions to buy and sell are beyond the control of the company. TDH does not have any impact on the stock trading price on the stock market.

After nearly 2 years of TDH shares being restricted from trading (only allowed to trade in the afternoon session), HOSE has removed TDH shares from the restricted trading list and allowed them to be traded full-time since May 25.

Regarding the criminal case related to TDH's electronic components business activities in the period of 2017-2019, which lasted for nearly 3 years, the incident that caused the most serious crisis in TDH's history is gradually coming to an end. The Ho Chi Minh City People's Court officially held a trial from June 6 to July 10.

From 2022 to now, the financial and real estate markets have been experiencing strong fluctuations, but unlike many businesses in the same industry, TDH assesses that its current operating cash flow is not under pressure from any debt. TDH's net cash flow from consolidated business operations is positive.

TDH is implementing townhouse and terraced house construction services for existing customers in old projects. Although there are still limitations and it has not brought in a large source of revenue, it has initially achieved certain results.

In addition, TDH is continuing to review and complete the legal procedures of unfinished projects to soon complete the transfer procedures to partners in some projects.

Closing the trading session on May 31, TDH shares continued to increase to the ceiling price of 4,510 VND/share. This is the 6th consecutive ceiling price increase of TDH.

Real estate stocks increased sharply. (Photo: Hoang Ha)

Business News

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

* DCM : Ca Mau Fertilizer Joint Stock Company announced its business results for the first 4 months of 2023. DCM produced 329,120 tons of urea and 52,470 tons of NPK, completing 37.3% and 32% of the 2023 plan, respectively.

* HSG : HOSE puts Hoa Sen Group Corporation shares on the list of securities ineligible for margin trading.

* VTO : The Securities Commission has just issued a decision to impose administrative sanctions in the field of securities and the securities market on Vitaco Petroleum Transport Joint Stock Company for failing to ensure the number of independent members of the Board of Directors.

Dividend information

* PNJ : Phu Nhuan Jewelry Joint Stock Company announced that the transaction date without the right to receive the second dividend of 2022 is June 9. Dividends are paid in cash at a rate of 6%, payment starting from July 12.

* TRA : On June 13, Traphaco Joint Stock Company (TRA) closed the list of shareholders entitled to receive the second dividend of 2022. The last registration date is June 14. Dividends are paid in cash at a rate of 10%, payment starting from June 29.

* PVG : The Board of Directors of Vietnam LPG Trading JSC approved the payment of 2022 cash dividend at a rate of 3%, the implementation date is July 18.

* VCG : Vinaconex Joint Stock Company approved the issuance of more than 48.58 million shares to pay dividends in 2022 at a ratio of 100:10 (shareholders owning 100 shares will receive 10 shares). The last registration date to close the list of shareholders receiving dividends is June 15.

* TVD : Vang Danh Coal JSC - Vinacomin closes the transaction date without the right to receive dividends in 2022 on June 19, the last registration date is June 20. Dividends will be paid in cash at a rate of 9%, payment starting from July 3.

Stock Trading

* BCG : Mr. Nguyen The Tai, General Director of Bamboo Capital Group Corporation, sold more than 5.88 million BCG shares from May 15 to May 29, by negotiation and order matching.

* SMC : Mr. Nguyen Ngoc Dang Khoa, younger brother of Ms. Nguyen Ngoc Y Nhi - Member of the Board of Directors of SMC Investment and Trading JSC, registered to sell 530,000 SMC shares from June 5 to July 4 by negotiation and order matching.

* DNP : National Securities Corporation, a major shareholder of DNP Holding Corporation, sold more than 5.01 million DNP shares on May 26. The number of DNP shares still held is 1.31 million shares, accounting for 1.11%.

* THG : Ms. Nguyen Thi Huong, member of the Board of Directors of Tien Giang Investment and Construction Joint Stock Company, sold 100,000 THG shares from May 22 to May 26 by order matching method. After the transaction, Ms. Huong reduced her ownership in THG to more than 800,000 shares, equivalent to 4.01%.

* MWG : Arisaig Asian Fund Limited, a member fund of Arisaig Partners (Singapore) sold more than 1.3 million shares of Mobile World Investment Corporation in the session of May 24. After the transaction, foreign fund Arisaig Asia reduced its ownership here from 95.7 million shares (6.54%) to 94.4 million shares (6.45%).

VN-Index

At the end of the session on May 31, VN-Index decreased by 2.88 points (-0.27%), down to 1,075.17 points with 225 stocks increasing, of which 26 stocks hit the ceiling; 167 stocks decreased. Total trading volume was 924.4 million units, worth VND15,818.6 billion.

HNX-Index increased by 1.48 points (+0.67%), to 222.81 points with 130 stocks increasing (27 ceiling stocks), while only 61 stocks decreased. Total trading volume reached 130.4 million units, worth VND1,895.6 billion.

UPCoM-Index increased by 0.38 points (+0.46%), to 82.05 points with 205 stocks increasing (37 stocks hitting the ceiling) and 77 stocks decreasing. Total trading volume reached 111.8 million units, worth VND1,227.9 billion.

According to Vietnam Construction Securities (CSI), liquidity has shown signs of increasing. Many industry groups have taken turns breaking out. This is a positive signal, showing that investor sentiment has improved compared to before.

BIDV Securities commented that cash flow is still tending to focus on small and medium-sized stocks. In the short term, there may not be a strong increase, instead, the market will slowly move up with accumulation sessions.

The Minister of Construction was asked to work directly with Mr. Bui Thanh Nhon. The Prime Minister asked Minister of Construction Nguyen Thanh Nghi to work directly with Mr. Bui Thanh Nhon, Chairman of Novaland Group, to remove obstacles to the project in Dong Nai.

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