Hoang Anh Gia Lai Joint Stock Company (HAGL, code HAG) has just announced information about changing its brand identity from April 1. In terms of design, the new logo still retains the same layout and meaning as the old logo but has changed in color. Notably, the new logo has colors quite similar to LPBank's with the main colors being yellow, brown, and white.

After 30 years of construction, overcoming many ups and downs, HAGL is now a company specializing in agriculture with main areas being banana-eating pigs, bananas, and durian.

Established in 1993, this is the first time HAGL has changed its logo. This change of the company chaired by Mr. Doan Nguyen Duc (Bau Duc) takes place in the context of the enterprise having just signed a comprehensive cooperation agreement with LPBank. Bau Thuy is currently the Chairman of the Board of Directors of this bank.

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Hoang Anh Gia Lai changes its new identity. Photo: HAG

On March 4, LPBank and HAGL Group signed a 5,000 billion VND financing contract, prioritizing investment in green agriculture.

Previously, in November 2023, LPBank signed a comprehensive cooperation agreement with the Football Academy and Hoang Anh Gia Lai Football Club. After that, the Academy and the Club changed their names to LPBank - Hoang Anh Gia Lai Football Academy and LPBank - Hoang Anh Gia Lai Football Club.

While Mr. Thuy is on the rise, Mr. Duc is facing many storms because Hoang Anh Gia Lai's business results are not as expected. HAGL has divested from the hotel and hospital sectors to get money to pay off bond debt.

Listed company news

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

* FPT : FPT Corporation recorded revenue and pre-tax profit in the first two months of 2024 reaching VND 8,966 billion and VND 1,567 billion, up 22.9% and 19.5% over the same period. Profit after tax for shareholders of the parent company reached VND 1,137 billion.

* NAB : This year, Nam A Commercial Joint Stock Bank (Nam A Bank) aims to increase total assets by 11% to VND232,000 billion. Capital mobilization increases by 9% to VND178,000 billion. Pre-tax profit is VND4,000 billion.

* MWG : In the first two months of 2024, Mobile World Investment Corporation recorded revenue of VND 21,613 billion, up 14% over the same period and completing 17% of the revenue plan of VND 125,000 billion for the whole year of 2024.

* APC : Ho Chi Minh City Stock Exchange (HOSE) decided to compulsorily delist shares of An Phu Irradiation JSC.

* GIC : On April 2, Green Development and Service Investment JSC closed the transaction without the right to pay dividends in 2023. Dividends will be paid in cash at a rate of 12%, payment starting from April 15.

* VNC : Mr. Phan Van Hung, Member of the Board of Directors of VinaControl Group Corporation, sold more than 1.67 million shares from March 11-19.

* NVL : Diamond Properties JSC, a major shareholder of No Va Real Estate Investment Group JSC (Novaland), sold 4 million shares on March 18 by order matching method.

* OCB : Ms. Nguyen Viet Trieu, wife of Mr. Ngo Ha Bac, member of the Board of Directors of Orient Commercial Joint Stock Bank, sold 405,000 shares from February 20-20 by order matching method.

* HCC: Mr. Dennis Peter Eric, a major shareholder of Hoa Cam Concrete JSC - Intimex, sold more than 228,000 shares on March 6. He still holds more than 310,000 shares, accounting for 4.76%.

* TCB: Mr. Phan Thanh Son, Deputy General Director of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), sold 100,000 shares from February 21 to March 14 by negotiation and order matching.

VN-Index

At the close of the session on March 22, VN-Index increased by 5.38 points (+0.42%), to 1,281.8 points. HNX-Index increased slightly by 0.54 points (+0.22%), to 241.68 points. UPCoM-Index increased by 0.13 points (+0.15%), to 90.95 points.

Market assessment, SHS Securities believes that, from a short-term perspective, the market is still moving positively and the VN-Index is in an uptrend, but it is forecasted that there will continue to be unusual developments when approaching the strong resistance level around 1,300 points.

SHS does not highly appreciate the possibility of VN-Index surpassing 1,300 points to form an uptrend, but rather favors the possibility that the 1,300 point area will fluctuate and most likely correct downward.

Short-term investors should be cautious at the current stage because the VN-Index is moving at a high score above the medium-term accumulation channel, so short-term risks are increasing.

Vietcombank Securities (VCBS) recommends that investors take advantage of the volatile adjustment sessions next week to restructure their portfolios by prioritizing short-term profit taking on stocks that have reached their target profits, or have touched but not been able to break out of the resistance zone.

At the same time, switch to new disbursements with stocks that have not rebounded strongly compared to the most recent price base. Some notable industry groups in the coming time include securities, banking, and real estate.