Recently, Mr. Robert Alan Willett, a non-executive member of the Board of Directors of Mobile World Investment Corporation (code: MWG) registered to sell 1.2 million MWG shares from February 27 to March 27.

If the transaction is completed, Mr. Robert will reduce the number of shares MWG holds from 8 million to 6.8 million shares, equivalent to 0.466% of charter capital.

Mr. Robert Alan Willett said that he sold his shares to have the finances to buy a new house for his wife, because her health is not good.

This member of the Board of Directors also happily said that if anyone wants to sell MWG shares, he is willing to buy them back and will stay here for another 5 years if the Board of Directors wishes.

In addition, Mr. Robert shared that his main role is to find new growth areas because he has worked for many years with large businesses in the US. Mr. Robert assessed that the Mobile World leadership team has done well, aiming towards the health and beauty industry.

In the fresh food industry, with experience running two large companies in the world, Mr. Robert spends a lot of time on Bach Hoa Xanh.

Mr. Robert Alan Willett, British nationality, Master of Business Administration degree, has been a member of the Board of Directors and senior advisor of Mobile World since April 2013. According to the introduction, Mr. Robert Alan Willett was previously the CEO of BestBuy International, known as a "guru" (outstanding, highly knowledgeable person) of the world retail industry.

According to MWG's fourth quarter 2023 financial report, Mr. Robert Alan Willett's income is the highest among the leaders with more than 2.25 billion VND in 2023, nearly 10 times the income of Chairman Nguyen Duc Tai.

Compared to the income of the members of the Board of Directors and the Board of Management, only Mr. Robert's income remained almost the same as in 2022, at VND 2.23 billion. Other leaders, including Chairman Nguyen Duc Tai, saw their income in 2023 decrease sharply compared to 2022 in the context of Mobile World's unfavorable business situation.

At the end of the trading session on February 29, MWG shares reached 46,200 VND/share.

Business News

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

* TNG: TNG Investment and Trading JSC has signed export garment orders until the first 6 months of 2024. From March, TNG plans to increase factory capacity by 45 more sewing lines and recruit 3,000 more workers.

* HQC: On February 27, Hoang Quan Real Estate Trading and Service Consulting JSC announced that it had paid more than VND 84 billion, equivalent to 63% of the total nearly VND 134 billion in tax debt, the remaining VND 48 billion will be handled in the first quarter of 2024.

* HAH: On February 27, Hai An Transport and Stevedoring JSC announced the Board of Directors' resolution, approving the 2024 business plan with total revenue increasing by 32% compared to 2023, mainly contributed by a 60% increase in ship exploitation output, but in the end, net profit decreased by 11%.

* HJS: Icapital Investment JSC has purchased 3.25 million HJS shares of Nam Mu Hydropower JSC, increasing ownership from 2.81% to 18.29% and officially becoming a major shareholder.

* ADC: Fine Arts and Communications JSC announces the closing of the list of shareholders exercising the right to attend the 2024 Annual General Meeting of Shareholders and receive 2023 cash dividend advance at a rate of 15%. The ex-right transaction date is March 20.

* LAF: Long An Export Processing JSC set April 17 to hold the 2024 Annual General Meeting of Shareholders and pay 2023 cash dividends at a rate of 10%. The ex-dividend date for both events is March 14.

* VCB: On February 27, the Board of Directors of Vietnam Joint Stock Commercial Bank for Foreign Trade agreed on a plan to increase capital through paying stock dividends at a rate of 38.79% from the remaining profit after tax, allocating funds in 2022 to report to the State Bank for comments.

* DP3: The Board of Directors of Central Pharmaceutical Joint Stock Company 3 has just approved the closing of the list of shareholders to receive interim cash dividends in 2023 at a rate of 30%. The ex-dividend date is March 21. The payment date is July 8.

* CII: Ho Chi Minh City Infrastructure Investment Joint Stock Company announces the closing of the list of shareholders to receive the second cash dividend of 2022 at a rate of 4%. The ex-dividend date is March 14. The expected payment date is April 1.

VN-Index

At the end of the trading session on February 29, VN-Index decreased by 1.82 points (-0.15%) to 1,252.73 points, HNX-Index increased by 0.29 points (+0.12%) to 235.46 points, UpCOM-Index increased by 0.09 points (+0.09%), to 90.63 points.

According to Agriseco Securities, with the medium and long-term uptrend still playing a key role, VN-Index is likely to continue to expand its positive uptrend and head towards the expected target area around 1,275-1,280 points.

Agriseco Research recommends that investors continue to maintain a safe stock/cash ratio, only partially increasing the short-term trading ratio for stocks that are tightly accumulating near the price base with decreasing liquidity. Some notable industry groups include securities, seafood, real estate and construction.

According to Yuanta Securities, the market may continue to increase and the VN-Index will head towards 1,268 points in the next session. At the same time, correction pressure is showing signs of increasing as bearish divergence signs are forming on technical indicators. Therefore, if the VN-Index cannot overcome the resistance level of 1,268 points in the next session, investors should temporarily stop buying new ones. However, new buying opportunities in the short term continue to increase.

Real estate tycoon sharply reduces number of shares held, remuneration is only half . In the difficult market, famous real estate tycoon Do Quy Hai has sharply reduced the number of shares held and received remuneration only half of that of 2022.