The Ho Chi Minh City Stock Exchange (HOSE) announces a supplementary list of stocks that are ineligible for margin trading.
Three stock codes have been added to the list of those subject to margin cuts, namely: TLH (shares of Tien Len Steel Group Joint Stock Company), EVE (shares of Everpia Joint Stock Company), and STK (shares of Century Fiber Securities Company).
Specifically, TLH was included in the list of stocks subject to margin cuts due to the company’s reviewed semi-annual financial statements for 2024 showing a negative profit after tax for the parent company’s shareholders. According to TLH’s reviewed semi-annual financial statements for 2024, for the first six months of the year, net revenue increased slightly by 9% to VND 2,895 billion. After deducting expenses, TLH recorded a loss of over VND 152 billion.
EVE shares are also ineligible for margin trading for similar reasons: the profit after tax for the parent company’s shareholders in the reviewed semi-annual financial statements for 2024 was negative.
As of August 30, 2024, the list of securities ineligible for margin trading on HoSE stood at 89 codes. The reasons for HOSE’s margin cuts include securities subject to warning/control/trading restriction; negative profit after tax, audited financial statements with opinions from the auditing organization; less than 6 months of listing…
Most recently, HOSE decided to delist 347.2 million HBC shares of Hoa Binh Construction Group Joint Stock Company and over 1.1 billion shares of HAGL Agrico – Hoang Anh Gia Lai International Agriculture Joint Stock Company, effective from September 6. The last trading date for these shares on HOSE was September 5, 2024.
The delisting of HBC shares was due to the company’s accumulated losses exceeding its paid-up charter capital, according to its 2023 audited financial statements. This falls under the case of compulsory delisting as stipulated in Point e, Clause 1, Article 120 of Decree 155/2020/ND-CP dated December 31, 2020.
As for HAGL Agrico, the delisting was due to the company’s consecutive losses for three years, based on its audited financial statements for 2021, 2022, and 2023. This is also a case of compulsory delisting as stipulated in Point e, Clause 1, Article 120 of Decree 155/2020/ND-CP dated December 31, 2020.
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