On July 8, the State Securities Commission (SSC) imposed an administrative fine on Ms. Luu Hai Hoa for failing to report her ownership of more than 5% of the voting shares of a public company. The fine amounted to VND 60 million.
According to the SSC’s decision, on October 17, 2023, Ms. Hoa purchased 1,500 shares of Vicem Hai Phong Packaging Joint Stock Company (stock code: BXH), increasing her post-transaction ownership ratio from 4.98% to 5.03%. However, the Hanoi Stock Exchange did not receive a report from Ms. Hoa regarding her status as a major shareholder.
Vicem Hai Phong Packaging Joint Stock Company, formerly known as Hai Phong Cement Packaging Enterprise, has been operating since 2004. In 2008, the company was approved as a public company, and in November 2009, its shares officially began trading on the HNX. BXH’s main business activities include producing and trading cement bags and other types of packaging, as well as renting out office space, warehouses, and yards.
In terms of financial performance, BXH’s total revenue in 2023 showed a slight increase to over VND 219 billion. However, its net profit decreased by more than 21% to nearly VND 1.6 billion. For 2024, the company set more conservative targets, with a revenue goal of VND 157 billion and a net profit target of VND 752 million. Their production target for the year is set at 31 million cement bags of various types.
Notably, BXH shares on the stock exchange witnessed an impressive performance in recent sessions. After a period of stagnating at the reference price, BXH’s share price surged in the last three sessions, with two sessions hitting the ceiling price. As a result, the share price rose by nearly 25% to VND 19,800/share.
Vinamilk: Impressive nearly 20% growth in Q4/2023 export revenue
Vinamilk has announced its financial report for Q4 2023, recording a consolidated total revenue and after-tax profit of VND 15,630 billion and VND 2,351 billion, respectively. This represents an increase of 3.6% and 25.8% compared to the same period last year. For the full year, the consolidated total revenue and after-tax profit reached VND 60,479 billion and VND 9,019 billion, completing 95% of the revenue target and 105% of the profit target.
[IR AWARDS] February 2024 Information Release Schedule Reminder
There are several noteworthy information disclosure events in the stock market in February, including the Fed’s announcement of FOMC meeting results, the effective restructuring of VN30 portfolio, the announcement of portfolio restructuring by MSCI, the release of economic and social situation in February, and the expiration of VN30F2402 futures contract.
A transport company successfully issues 500 billion VND bonds with lower interest rates than the banking group.
A Northern transportation company has successfully issued a bond worth VND 500 billion, with a 5-year term and a fixed interest rate of only 6% per year – lower than that of the banking group.
