On the morning of September 17, the Ho Chi Minh City Stock Exchange (HoSE) announced its decision to place a series of stocks on the warning list due to enterprises’ delay in disclosing reviewed semi-annual financial statements for 2024.
Accordingly, Novaland Group Joint Stock Company (Novaland – NVL) will be placed on the warning list from September 23 due to a delay of more than 15 days in submitting its reviewed semi-annual financial statement for 2024.
This morning, NVL shares rose slightly by VND 100 per share, trading around VND 11,300 per share with a trading volume of about 3.5 million shares.
Previously, the stock had been sold off, trading at a record high of nearly 80 million units after HoSE included it in the list of stocks not eligible for margin trading.
Electronic trading board on the morning of September 17
RDP shares of Rang Dong Holding Joint Stock Company (Rang Dong Holding) will be placed on the warning list from September 23 due to the company’s continued delay in publishing its reviewed semi-annual financial statement for 2024. In the market, RDP shares fell slightly to VND 2,520 per share.
In addition, DLG shares of Duc Long Gia Lai Group Joint Stock Company were also placed on the warning list for similar reasons. Recently, the company has been mired in controversies, including being requested to initiate bankruptcy proceedings… In terms of business performance, DLG has incurred consecutive losses in 2022 and 2023. The auditing company has also expressed a qualification opinion regarding the company’s ability to continue as a going concern.
During the trading session on September 17, DLG shares dropped to VND 1,820 per share.
The Stock Market Plunge: NVL, DRH, NRC, and VNZ Take Center Stage as the Market Sheds Over 22 Points
The stock market witnessed a downward trend last week, with the VN-Index shedding over 22 points. Novaland (NVL), DRH Holdings (DRH), and Danh Khoi (NRC) stocks, along with tech “unicorn” VNG (VNZ), saw a surge in trading. Meanwhile, a company’s announcement of a 70% cash dividend caused its stock to soar towards its historical peak.
“Novagroup Finalizes Sale of Over 3 Million Shares; Major Shareholder Group Linked to Mr. Bui Thanh Nhon Now Holds Less Than 39% Stake in Novaland”
Since the beginning of the year, NovaGroup has sold over 36 million Novaland shares, including shares liquidated by the securities company.
“Novaland Stock (NVL) Continues Its Steep Decline as VN-Index Recovers”
Following the news of margin cuts by HoSE, shares of NVL, owned by Novaland Group, suffered their third consecutive day of significant losses, with a 13.4% drop in market price, equivalent to a loss of VND1,800 per share.
“Aqua City: The Novaland Mega-Project that MB Bank is Backing with an Additional VND 1,100 Billion”
Military Commercial Joint Stock Bank (MB) has pledged to disburse a package of VND 1,100 billion to Aqua City Township Limited Company, the investor of Aqua City project and direct contractors of the project in accordance with the progress.
“Leading Developer Novaland Reports a Loss of Over VND 100 Billion in the First Half of 2024 for its Aqua City Project, Burdened by a VND 11.3 Trillion Debt”
With an estimated total property value of over VND 12.3 trillion, Aqua City is a formidable development.
