PYN Elite Fund increases its ownership to nearly 7% by acquiring 4 million shares of ASM.

Specifically, the ownership ratio of PYN Elite Fund in ASM officially increased to 6.995% on February 22, equivalent to 23.54 million shares, after purchasing 4.16 million shares of ASM.

On February 22, ASM shares appeared in negotiated transactions equal to the number of shares purchased by PYN Elite Fund, with a value of nearly 4.5 billion VND, equivalent to 10,800 VND/share, slightly lower than the closing price of 11,000 VND/share.

Therefore, it is likely that foreign funds will increase their ownership in ASM through the old method, as there were also negotiated transactions of 3.75 million ASM shares on January 11, which coincided with the time and volume that PYN Elite Fund announced it had purchased. The transactions on January 11 brought this fund to become a major shareholder in ASM. At that time, the transaction value reached over 4.1 billion VND, equivalent to 11,050 VND/share.

Since the beginning of 2024, ASM shares have increased by more than 10%, reaching 11,450 VND/share as of the end of February 27, 2024, with average liquidity of over 2.5 million shares/day, continuing the upward trend since late October 2023.

In terms of business operations, in 2023, ASM recorded net revenue of nearly 12 trillion VND, a decrease of 13% compared to the previous year, in the context of main revenue-generating activities all decreasing. Specifically, feed revenue decreased by 10% to nearly 5 trillion VND, service supply revenue decreased by 12% to nearly 3 trillion VND, and seafood export revenue decreased by 20% to 2.9 trillion VND. Gross profit margin decreased by 2.9 percentage points to 11.2%, leading to the Company’s gross profit decreasing by 31% to over 1.3 trillion VND.

After deducting cost of goods sold and expenses, ASM earned a net profit of over 210 billion VND, a decrease of 67%. With this result, ASM only achieved 79% of its revenue plan and 50% of its profit plan for the year.

Huy Khai