SIP Stock Receives Margin Approval

Ho Chi Minh Stock Exchange (HOSE) has announced the delisting of shares of Saigon VRG Investment Corporation (HOSE: SIP) from the margin trading eligible securities list.

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Previously, due to a listing period of less than 6 months (SIP transferred from UPCoM to HOSE on August 8, 2023), SIP fell into the list of securities not eligible for margin trading. However, as of now, SIP has overcome this situation.

In terms of business performance, in 2023, the Company achieved a net revenue of VND 6,673 billion, an increase of 11% compared to the previous year, thanks to its electricity, water and industrial park leasing activities. Its after-tax profit reached VND 1,036 billion, a 3% increase and exceeding the target by 37%. However, its net profit amounted to VND 956 billion, a 2% decrease.

Business performance of SIP over the years

HOSE also announced an updated list of 88 securities not eligible for margin trading. Among them, 6 listed funds including FUCVREIT, FUEDCMID, FUEFCV50, FUEIP100, FUEKIV30 and FUEMAVND are not eligible for margin trading, as the publicly invested funds have a net asset value (NAV) calculated on a per unit basis that is lower than the face value, based on the monthly net asset value change reports evaluated over a period of 3 consecutive months. Additionally, 2 other listed funds, FUCTVGF5 and FUEBFVND, are also included in the list due to a listing period of less than 6 months.

List of securities not eligible for margin trading as of February 19, 2024

Source: Compiled from HOSE

Kha Nguyen

SOURCEvietstock
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