If the transaction is successful, Mr. Son will increase his ownership from over 2 million shares (1.695%) to over 4 million shares (3.343%) at HAH. Mr. Son will purchase the shares through either matching or negotiated orders between August 7 and September 5, 2024.
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Mr. Vu Ngoc Son was born in 1948 in Thai Binh province and holds a degree in Marine Transport Economics. He served as Chairman of the Board of HAH from 2009 until his resignation on June 20, 2023, and was replaced by his son, Vu Thanh Hai (born in 1973).
Another son of Mr. Son, Mr. Vu Doan Hanh (born in 1975), is currently the Vice Chairman of HAH.
Mr. Son’s purchase comes as the HAH share price finds support after a recent decline. At the close of the latest session on August 2, the HAH share price stood at 39,500 VND/share, up nearly 21% since the beginning of the year, with an average daily trading volume of approximately 3.7 million shares.
 HAH share price falls to trend support – Source: VietstockFinance
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In terms of business performance, HAH recently announced its Q2/2024 financial statements, reporting a net profit of nearly VND 111 billion, up 15% over the same period last year, and the highest profit in the last five quarters.
According to HAH, the increase in profit was due to the addition of new vessels to its fleet (Hai An Alfa and Hai An Beta), the opening of new routes for both domestic (Nghi Son, Chan May, Long An, etc.) and international (Singapore, Malaysia, India, etc.) destinations, and a 6.5% increase in average freight rates compared to the same period last year. Additionally, the increase in cargo volume led to higher port handling volume and revenue.
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HAH’s net profit hits a 5-quarter high
Unit: Billion VND
Source: VietstockFinance
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TDM’s Q1 Profit Declines to 10-Quarter Low on Dividend Shortfall
Q1/2024 business results of Thu Dau Mot Water JSC (TDM Water, HOSE: TDM) were gloomy with the lowest profit after tax in the last 10 quarters due to the absence of any cash dividend from Biwase during the period.
