Stock Trading Leadership: Sparse Buy Orders

IFC Unable to Sell 3 Million PVI Shares as Planned

Due to unfavorable market conditions, the International Finance Corporation (IFC) was only able to sell approximately 2.4 million shares out of the 3 million PVI shares they had registered to sell between June 26 and July 25. The company cited “unfavorable market conditions” as the reason for not being able to sell all the registered PVI shares.

Based on PVI‘s closing price on July 25, IFC is estimated to have raised around VND 122 billion after reducing their ownership in PVI from 1.8% (4.2 million shares) to 0.79% (1.8 million shares).

Prior to this, IFC and two member funds, IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund, had registered to sell a total of 9 million PVI shares during the same period.

On July 23, following IFC‘s registration to divest, HDI Global SE purchased 1.98 million PVI shares out of the 7 million shares they had registered to buy. The transaction was valued at nearly VND 96 billion, corresponding to a price of VND 48,400 per share. PVI closed at VND 53,700 per share on the same day.

Post-transaction, HDI Global SE’s ownership in PVI increased from 40.21% (94.2 million shares) to 41.05% (96.2 million shares), maintaining their position as the largest shareholder of PVI.

New SBT Chairman Completes Sale of Over 9% Stake

Between July 12 and July 26, 2024, Ms. Đặng Huỳnh Ức My, the new Chairman of the Board of Directors of Thanh Thanh Cong – Bien Hoa Joint Stock Company (HOSE: SBT), completed the sale of 70 million SBT shares, thereby reducing her ownership from 19.02% to 9.84%, equivalent to approximately 75 million shares.

Based on the average closing price during the trading period (VND 12,864 per share), it is estimated that Ms. My earned over VND 900 billion from this transaction.

It is also noteworthy that during this period, SBT recorded trading volumes of nearly 39 million shares on July 19 and over 35 million shares on July 22, the two highest trading volumes in the history of the stock’s presence on the stock exchange.

Fahasa Chairman Plans to Sell 3 Million Shares Before Dividend Payment

Mr. Phạm Minh Thuận, Chairman of the Board of Directors and legal representative of Ho Chi Minh City Book Distribution Joint Stock Company (Fahasa, UPCoM: FHS), has registered to sell 3 million shares from August 5 to August 30, 2024, through matched transactions.

Mr. Thuận is currently the largest shareholder of Fahasa, holding over 4.8 million shares, representing a 37.8% stake. If the transaction is successful, the Chairman’s ownership will decrease to approximately 14.3%, equivalent to more than 1.8 million shares.

On August 2, FHS shares closed at VND 28,100 per share. At this price, Mr. Thuận is expected to earn more than VND 84 billion from the sale.

Shark Hưng Aims to Acquire Additional 5 Million CRE Shares as Stock Price Plunges

Mr. Phạm Thanh Hưng, also known as Shark Hưng, Vice Chairman of the Board of Directors of Cen Land, has registered to purchase 5 million CRE shares through matched orders or negotiated transactions between August 6 and September 4, 2024, for personal investment purposes.

If the transaction is successful, Shark Hưng will increase his ownership from nearly 13.3 million shares (2.86%) to nearly 18.3 million shares (3.94%) in Century Real Estate Joint Stock Company (Cen Land, HOSE: CRE).

Shark Hưng’s move comes as CRE stock is trading at its lowest level in the past year. As of August 1, the share price closed at VND 6,830, down more than 20% since the beginning of the year, with an average trading volume of nearly 451,000 shares per session. Based on this price, the Vice Chairman of Cen Land is expected to spend over VND 34 billion to complete the transaction.

Thanh Tú