Last week, the VN-Index dropped 5.51 points to 1,236.6 points. Similarly, the HNX-Index fell 5.1 points to 231.56 points.
According to statistics from the HoSE, foreign investors net sold 57.8 million units, with a total net selling value of over VND 400 billion. On the HNX, foreign investors also net sold 1.67 million units, with a net selling value of over VND 61 billion.
In the Upcom market, foreign investors net bought 2.18 million units, with a total net buying value of over VND 34.5 billion.
Thus, in the trading week from July 29 to August 2, in the entire market, foreign investors net sold 57.28 million units, with a total net selling value of nearly VND 427 billion.
Profitable from 2028
HAGL Agrico (coded HNG) has just issued a dispatch explaining measures and roadmap to overcome controlled securities status.
HAGL Agrico expects a revenue of VND 13,500 billion and a profit of VND 2,450 billion in 2028.
HNG stock was put under control from April 12, 2023, due to negative business results for two consecutive years (2021 and 2022). On July 27, HoSE announced the compulsory delisting of HNG due to three consecutive years of losses. Specifically, in 2021, HNG lost VND 1,120 billion, in 2022 it recorded a loss of nearly VND 3,580 billion, and in 2023 it lost nearly VND 1,100 billion.
HAGL Agrico affirmed that this year, the company plans to plant 1,533 hectares of bananas, cultivate and exploit 6,328 hectares of rubber; invest in barns, grass fields, and import 5,800 female cows. Estimated revenue is VND 694 billion, and loss before tax is VND 120 billion.
In addition, HNG has been approved for investment in a large-scale fruit tree planting and cattle breeding project in Attapeu and Sekong provinces (Laos). The project has a scale of 27,384 hectares of land, a total investment capital of VND 18,090 billion, and an investment completion time from 2024 to 2028. Revenue in 2028 is estimated at VND 13,500 billion, and profit is expected to reach VND 2,450 billion.
Currently, HNG is implementing a strategy of large-scale agricultural production, industrial management methods throughout the value chain, and applying mechanization, biotechnology, and digitization in a suitable roadmap.
With this strategy, HNG believes that it will create sustainable development and profits in the following years. From there, gradually reduce the accumulated losses on the financial statements in the shortest time.
Major shareholder of Hoa Binh Construction Group divests
Huyndai Elevator Co., Ltd. – a major shareholder of Hoa Binh Construction Group Joint Stock Company (coded HBC) – has just announced the sale of 5 million shares to reduce ownership to over 23 million shares, equivalent to 6.64% of charter capital. The date of change in ownership ratio is July 31.
On April 23, 2019, Hoa Binh and Hyundai Elevator Co., Ltd. signed a private placement agreement and strategic cooperation. Hyundai Elevator participated in capital contribution to HBC with 25 million shares, worth VND 575 billion.
A major shareholder of Hoa Binh Construction Group has just sold 5 million HBC shares.
Hyundai Elevator’s divestment from HBC takes place in the context of HBC stock being put on the compulsory delisting list of HoSE.
Mr. Vu Ngoc Son – Senior Advisor of Hai An Transport and Stevedoring Joint Stock Company (coded HAH) and also the father of Mr. Vu Thanh Hai – Chairman of the Board of Directors of HAH registered to buy 2 million shares. The transaction will be conducted from August 7 to September 5.
After the transaction, Mr. Son will increase ownership in HAH to 4,056,720 shares, equivalent to 3.3% of HAH’s charter capital. It is estimated that Mr. Son will spend about VND 79 billion to buy the above shares.
Khang Dien House Trading and Investment Joint Stock Company (coded KDH) has successfully issued over 110 million private placement shares to 19 investors at a price of VND 27,250/share, mobilizing over VND 3,000 billion.
Currently, KDH’s charter capital increased from VND 7,993.1 billion to VND 9,094 billion. Khang Dien plans to use VND 300 billion to repay loans and VND 2,700 billion to additionally contribute capital to Khang Phuc Real Estate Investment Company Limited so that this unit can pay off its bank loans.
