In the latest announcement, PYN Elite Fund, a foreign fund, has completed the purchase of 4.16 million shares of ASM from Sao Mai Group Joint Stock Company on February 22nd. After the transaction, the foreign fund from Finland increased its ownership in ASM from 19.38 million shares (5.76% stake) to 23.54 million shares (6.99% stake).
Notably, on February 22nd, there were negotiated transactions for ASM shares equal to the number of shares purchased by PYN Elite Fund, with a total transaction value of nearly VND 45 billion (at an average price of VND 10,800 per share).
Earlier, PYN Elite Fund reported the purchase of nearly 4 million ASM shares on January 15th, increasing their ownership to 16.88 million shares (5.02% stake) and officially becoming a major shareholder in this seafood company. Thus, from January 16th until now, the foreign fund has net bought nearly 6.7 million ASM shares in over 1 month, with an investment of approximately over VND 70 billion (based on market price).
Regarding business performance, Sao Mai Group recorded a total revenue of VND 11,968 billion, a decrease of 13% for the whole year of 2023. High expenses led to a net profit after tax of over VND 274 billion, a decrease of nearly 72% compared to the previous year.
In April, Sao Mai Group will hold its annual general shareholders’ meeting in 2024. The last registration date to finalize the shareholder list is March 14th.
In the market, ASM shares closed at VND 11,300 per share on February 28th, an increase of 9% since the beginning of 2024.
As for PYN Elite Fund, this foreign fund achieved an investment return of 6.85% in January 2024, surpassing the 3% increase of VN-Index. At the end of January, one of the fund’s largest investments is also in the seafood sector, which is Vĩnh Hoàn (VHC) with a 3% stake.
