“Busy Investment Funds Reorganize Portfolio”

Notably, the PYN Elite investment fund is no longer a major shareholder of Saigon General Services Joint Stock Company (SCS) after selling 95.2 thousand SCS shares on March 11, reducing its ownership stake to 4.9% (nearly 4.63 million shares).

According to trading data on March 11, SCS ended the session with over 210 thousand shares traded, while no block transactions occurred. Therefore, it is likely that PYN Elite sold the shares through the on-exchange matching method. Based on SCS’s closing price of VND 79,500 per share, the estimated foreign fund has earned about VND 7.6 billion.

PYN Elite’s divestment came as SCS shares had a good uptrend from around VND 63,000 per share. At the end of the March 15 session, SCS’s stock price reached VND 78,200 per share, up nearly 21% in the past year and nearly 12% since the beginning of 2024.

On the same divestment path, AFC Vietnam Fund also sold 621,300 TNG shares (TNG Investment and Trading Corporation) on March 11, reducing its ownership stake in the company from 6% (6.8 million shares) to 5.45% (6.2 million shares).

TNG’s closing stock price was VND 21,800 per share, up more than 10% since the beginning of this year. The estimated AFC Vietnam Fund has earned nearly VND 14 billion after divesting its capital.

After the transaction, the foreign fund is no longer a major shareholder of CNG with a reduced ownership stake of 4.8%, equivalent to 1.7 million shares. In TA9, America LLC significantly reduced its ownership to 1.5 million shares, accounting for 11.95% of capital.

America LLC divested from CNG and TA9 as the stock prices surged since early March.

Source: VietstockFinance

Khang Di