The HOSE Margin Squeeze: Six More Codes Cut as Half-Year Losses Mount

On August 30, the Ho Chi Minh City Stock Exchange (HOSE) announced the addition of six more securities to the list of those ineligible for margin trading, citing their net losses in the reviewed semi-annual 2024 financial statements. This brings the total number of securities on this list to 95.

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The supplementary list comprises securities of FECON Mineral Joint Stock Company (HOSE: FCM), Hacisco Joint Stock Company (HOSE: HAS), Power Generation Corporation 3 – Joint Stock Company (HOSE: PGV), Quoc Cuong Gia Lai Joint Stock Company (HOSE: QCG), Saigon Real Estate Corporation (HOSE: SGR), and TMT Motor Joint Stock Company (HOSE: TMT).

Thus, with these six new additions, the number of securities subjected to margin cuts on HOSE increased from 89 to 95 as of August 30. Most of the securities on this list were included due to warning, control, or restricted trading statuses; net losses in the reviewed semi-annual financial statements for 2024; net losses in the audited financial statements for 2023; or a listing duration of less than six months.

A small number of securities were also included due to trading suspension (SJF); delayed disclosure of audited financial statements for 2023 (DRH) and reviewed semi-annual financial statements for 2024 (ABS, RAL) by more than five working days from the information disclosure deadline; consolidated audited financial statements for 2023 with non-compliant audit opinions (PTB); tax violation conclusions (CLL, SBV); and public investment funds with a minimum of one month of NAV/ccq smaller than the par value for three consecutive months (FUEABVND, FUEIP100, FUEKIV30).

Notably, eight securities fell into the list due to a combination of two reasons, including AAT, SRF, TNA, DAG, HVN, SJF, LEC, and DRH.

Source: HOSE, Author’s Synthesis

Huy Khai

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