VNG Corporation (VNZ) has just announced its audited financial statements (FS) for 2022 after its shares were put on trading restriction due to late submission of its FS for more than 45 days.
After auditing, in 2022, VNG recorded a cumulative revenue of VND 7,800.52 billion, an increase of 2% over the same period. Profit after tax recorded a loss of VND 1,533.92 billion, an increase of 16.61% compared to before auditing, equivalent to VND 218.48 billion.
The parent company's after-tax profit recorded a loss of VND 1,077.14 billion, as of December 31, 2022.
VNG explained that the increase in after-tax loss was due to the recording of additional expenses related to taxes, intangible fixed assets and provisions for financial investment activities.
In the first quarter of 2023, VNG recorded revenue of VND 1,853 billion, up 11% over the same period. However, increased costs caused VNG to continue reporting a pre-tax loss of VND 43 billion and a post-tax loss of VND 90 billion.
Recently, the Hanoi Stock Exchange (HNX) has decided to put VNZ shares under trading restrictions from May 25. This stock will only be traded on Fridays every week due to the delay in submitting the 2022 audited financial statements more than 45 days from the end of the information disclosure deadline, which is subject to trading restrictions according to regulations.
VNZ shares were listed in January 2023 with a record price increase of VND 1,562,000/share. By the end of the session on May 30, VNZ was only VND 771,900/share.
Business News
The stock market has a number of other important events of listed companies.
* SHI : The 2023 Annual General Meeting of Shareholders of Son Ha International Corporation sets a target of consolidated revenue of VND 8,000 billion, consolidated profit after tax of VND 80 billion, and expected dividend rate of 8%.
* LDG : LDG shares of LDG Investment JSC recorded a sharp decrease, floor price of 4,390 VND/share after the Investigation Police Agency of Dong Nai Province Police issued a decision to prosecute the case at Tan Thinh residential area project, which illegally built nearly 500 houses.
* VEF : Vietnam Exhibition Fair Center JSC approved the plan to issue nearly 853 million shares, the total issuance value (at par value) is approximately VND 8,530 billion. The issuance ratio is 1:5.12, meaning 1 share will have the right to buy 5.12 additional issued shares.
* DPG : Dat Phuong Group Corporation closes the transaction date without the right to receive dividends in 2022 on June 14, the last registration date is June 15. Dividend payment rate is 10%, payment starts from July 5.
* RAL : The Board of Directors of Rang Dong Light Bulb and Vacuum Flask JSC approved the implementation of the plan to issue bonus shares under the employee stock option program (ESOP). The company plans to issue 600,000 ESOP shares, equivalent to 2.61% of the total outstanding shares. The expected capital for implementation is 6 billion VND.
* HHV : Deo Ca Transport Infrastructure Investment Joint Stock Company closes the list of shareholders to receive 2022 dividends in shares. HHV plans to issue nearly 21.55 million shares to pay dividends to existing shareholders at a ratio of 100:7.
* BFC : Binh Dien Fertilizer JSC announced the ex-dividend date to receive the 2nd dividend of 2022 is June 15. The last registration date is June 16.
Stock Trading
* ACL : Mr. Tran Minh Nhut, brother of Ms. Tran Thi Van Loan - Chairman of the Board of Directors of Cuu Long An Giang Seafood Import-Export JSC, sold all 500,000 shares from May 22 to May 29, by negotiation and order matching.
* KDH : The group of foreign shareholders managed by Dragon Capital at Khang Dien House Investment and Trading JSC (KDH) sold 1.21 million shares on May 26. The total ownership ratio of the group is more than 77.93 million shares, accounting for 10.87%.
* TNH : Mr. Hoang Tuyen, Chairman of the Board of Directors of Thai Nguyen International Hospital Joint Stock Company, bought 2.5 million shares in the offering to existing shareholders. After the transaction, Mr. Tuyen owns 7.5 million shares, accounting for 9.64%.
* VCG : The Board of Directors of Vinaconex Joint Stock Corporation has decided to implement the transfer of shares at Vinaconsult Company. The number of shares sold is 506,000 shares, equivalent to 46% of charter capital. The form of offering is direct sale to investors. The time for Vinaconex to register to sell the above shares is from June 2 to June 30.
VN-Index
At the end of the session on May 30, VN-Index increased by 3.07 points (+0.29%), to 1,078.05 points. Total trading volume reached more than 922.9 million units, worth VND 16,424.1 billion.
HNX had 101 stocks increase and 68 stocks decrease, HNX-Index increased 1.03 points (+0.47%), to 221.33 points. Total matched volume reached more than 111.9 million units, worth 1,834.9 billion VND.
UpCoM-Index increased by 0.54 points (+0.66%), to 81.67 points. Total matched volume reached more than 65.4 million units, worth nearly 749 billion VND.
According to KB Vietnam Securities, increased active buying power towards the end of the session helped the VN-Index recover quickly after a period of fluctuation. The VN-Index is facing the opportunity to expand its positive momentum and head towards the next resistance zone around 1.09x points.
With the main downtrend in the medium term and sideways in the short term, investors are recommended to only participate in trading with a low proportion, buy when the stock price adjusts back to support and avoid chasing buys during peak increases.
Vietcombank Securities recommends that investors continue to maintain their portfolio proportions. Take advantage of strong fluctuations to disburse more for stocks that have successfully tested the resistance zone, belonging to industry groups such as securities, chemicals, and retail.
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