According to the May business results report of Vinh Hoan Corporation (VHC), revenue from all markets decreased sharply. Revenue from the US market was recorded at VND373 billion, down 54% year-on-year. Revenue from the Chinese market was recorded at VND93 billion, down 30% year-on-year.
Revenue from the European market recorded 142 billion VND, down 27% over the same period. Revenue from the Vietnamese market recorded 224 billion VND, down 12% over the same period.
The main product, tra fish, had revenue of 592 billion VND, down 43% over the same period last year.
In May, Vinh Hoan achieved total revenue of VND954 billion, down 37% over the same period last year.
Previously, in the first quarter of 2023, Vinh Hoan recorded revenue of VND 2,221.58 billion, down 32% year-on-year, and after-tax profit of VND 218.98 billion, down 60% year-on-year.
Vinh Hoan is associated with businesswoman Truong Thi Le Khanh, known as the “queen of pangasius”. The outstanding businesswoman in the seafood industry has been honored by Forbes 7 times.
Business News
The stock market has a number of other important events of listed companies.
* RAL: Rang Dong Light Bulb and Vacuum Flask JSC approved the plan to issue 600,000 ESOP shares from the Reward Fund as of December 31, 2022.
* API: Asia - Pacific Investment Corporation approved the issuance of more than 84 million shares offered to existing shareholders at a ratio of 1:1, with an offering price of VND 10,000/share.
* NTC : Nam Tan Uyen Industrial Park Joint Stock Company announced documents for the 2023 Shareholders' Meeting. The company plans to achieve total revenue in 2023 of nearly VND 813 billion, an increase of more than 89% compared to 2022. Profit after tax is expected to reach more than VND 284 billion, an increase of nearly 11% over the same period.
* FIR : First Retail Real Estate JSC announced the issuance of more than 10.7 million shares to pay 2022 dividends at a rate of 20%. The last registration date to close the list of shareholders receiving dividends is June 18.
* IJC : Technical Infrastructure Development JSC approved the plan to pay 2022 cash dividends at a rate of 14%, shareholders owning 1 share will receive 1,400 VND and the expected payment date is October 6.
* TEG - Truong Thanh Energy and Real Estate JSC closes the trading date without the right to receive dividends for 2021 and 2022 on June 15, the last registration date is June 16. Dividends will be paid in shares at a ratio of 100:11.
Transaction information
* OCH : Leadvisors Fund Management JSC, a shareholder of One Capital Hospitality JSC, registered to buy more than 6.26 million shares from June 26 to July 14 by negotiation and order matching.
* TVC : Ms. Pham Thanh Hoa, Member of the Board of Directors of Tri Viet Asset Management Group Corporation, unsuccessfully registered to buy 1 million shares from May 9 to June 7.
* AMV : Ms. Pham Thi Oanh, a major shareholder of Vietnam-USA Pharmaceutical and Medical Equipment Production and Trading JSC, sold 4.1 million AMV shares on June 12. Ms. Oanh still holds more than 4.71 million shares, accounting for 3.59%.
* TIP : Bao Viet Securities JSC (BVS) sold 5,173,145 TIP shares of Tin Nghia Industrial Park Development JSC to reduce ownership from 5,173,195 shares (7.96% of charter capital) to 50 shares, the transaction was conducted on June 12. Thus, after June 12, Bao Viet Securities is no longer a major shareholder at Tin Nghia Industrial Park.
* HBC : Mr. Le Van Nam, General Director of Hoa Binh Construction Group Corporation, registered to buy 1 million HBC shares from June 20 to July 19 by negotiation and order matching.
VN-Index
At the end of the session on June 15, VN-Index decreased by 0.45 points (-0.04%), down to 1,116.97 points. Total trading volume reached more than 716.8 million units, worth VND13,265.4 billion.
HNX-Index increased 0.62 points (+0.27%), to 229.53 points. Total matched volume reached more than 89.3 million units, worth VND1,555.3 billion.
UpCoM-Index decreased 0.27 points (-0.32%) to 84.55 points. Total matched volume reached more than 52.5 million units, worth 603.2 billion VND.
According to SHS Securities, the market cannot easily overcome the resistance level because of an increasing session. VN-Index will soon overcome the resistance level of 1,120 points.
With a very good accumulation foundation, VN-Index will continue to be positive in the coming time to aim for the short-term target of around 1,150 points.
Vietcombank Securities recommends that investors continue to maintain a cautious mindset, proactively restructure and reduce portfolios, increase cash ratios and patiently wait for clearer signals before continuing to disburse.
Source
Comment (0)