Foreign investors have been showing positive sentiment towards VNM on the stock market. On August 2, VNM remained the stock with the highest net buying value and volume, with VND 330 billion net bought, equivalent to more than 2.8 million units. Previously, on July 31, foreign investors net bought VND 370 billion, marking the strongest net buying session for VNM since the beginning of 2024.
The net buying streak in VNM has extended to 10 consecutive sessions, with a total net buying value of VND 1,210 billion.
| Foreign investors net bought VNM for 10 straight sessions |
Along with the positive sentiment from foreign investors, VNM’s stock price has also been performing well in the stock market. From July 22 to present, the giant in the industry has seen its stock price surge by nearly 10% and break through the VND 70,000/share mark, closing the August 2 session at VND 71,500/share.
In addition to the stock price and trading volume from foreign investors, VNM’s liquidity has also soared in recent sessions. The most notable was the July 31 session, which saw a record trading volume of nearly 21.6 million shares, equivalent to a value of more than VND 1,500 billion. As a result, the average liquidity in the past year has reached more than 2.9 million units/session. Also in this historic session, foreign investors bought nearly 6.3 million VNM shares through order matching, equivalent to a value of nearly VND 443 billion, marking one of the largest direct buying and selling transactions.
On August 2, 10.3 million VNM shares were traded, with a value of VND 731 billion.
| VNM stock price surges |
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Active foreign investor trading in recent sessions for VNM stock
Source: VietstockFinance
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The net buying by foreign investors, along with the increase in liquidity and stock price, is supported by VNM’s positive business results. Vinamilk had an outstanding second quarter, with record-high consolidated revenue. More importantly, the Company achieved growth in all segments, including domestic, export, and subsidiaries, both locally and abroad.
According to the second-quarter 2024 consolidated financial statements, VNM’s net revenue reached VND 16,655 billion, surpassing the previous record of VND 16,194 billion in the third quarter of 2021 to become the quarter with the highest revenue. This was also the quarter with the highest growth rate for the company since the beginning of 2022, with a 9.5% increase over the same period. Net profit reached VND 2,671 billion, up 21%.
These results were supported by domestic and overseas business activities, with growth rates of 5.8% and 29.9%, respectively, over the same period.
Overseas markets contributed 18.5% of consolidated revenue in the second quarter of 2024. Export revenue reached VND 1,740 billion, up 37% over the same period. Continuous product innovation and close relationships with partners in key export markets have been the foundation for Vinamilk’s export growth.
In addition to strengthening traditional markets, Vinamilk is exploring new opportunities by supplying to global chains. This orientation brings Vinamilk products to more regions in Oceania and potentially Africa and South America.
 Source: VNM
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Moving forward, Vinamilk will focus on emerging markets, leveraging free trade agreements, and building strategic partnerships. In the second quarter, Vinamilk continued to promote trade promotion activities and international trade connections. The company’s sustainable development strategy is also being leveraged as a competitive advantage in exports to create a new momentum.
With its overseas branches in Cambodia and the US, Vinamilk’s net revenue in the second quarter of 2024 reached VND 1,384 billion, up 21.8% over the same period.
“With encouraging results in the first half of 2024, we are confident in achieving our full-year plan and believe that Vinamilk will continue to be a bright spot in the market, bringing sustainable value to investors,” said Ms. Mai Kieu Lien to investors.
