“Brother Overcoming Challenges 2024,” one of the largest and most anticipated year-end concerts, is about to take place on December 14. As of now, fans are still hunting for tickets, with many resorting to internal sales, sponsored tickets, invitations, and even the black market.
Previously, on November 12, just 40 minutes after tickets went on sale, the entire show was sold out, setting a record for the fastest-selling concert.
Along with the show’s popularity, the stock of its producer, YEG (Yeah1 Group Joint Stock Company), has also been on a roll in the stock market. On December 3, YEG witnessed a dramatic surge, reaching a high of VND 11,950 per share, the highest since the beginning of the year. Notably, the trading volume of this stock also hit a record high, with over 6 million shares changing hands.
Apart from the pre-concert hype, YEG’s stock momentum has been significantly boosted by the company’s financial results. Yeah1 recently revealed that its revenue for the third quarter of 2024 exceeded VND 345 billion, a threefold increase compared to the same period last year, and the highest since the fourth quarter of 2020. After deducting related expenses, the company reported a tenfold increase in profit, amounting to over VND 34 billion.
In addition to revenue from advertising and media, Yeah1 also generated VND 25 billion in financial activities during the quarter, including gains from the fair value of investments in associated companies, as well as interest income from deposits and loans.
For the first nine months of 2024, Yeah1 recorded a revenue of over VND 629 billion, more than 2.4 times higher, and a net profit of nearly VND 56 billion, 4.5 times higher than the same period in 2023.
Yeah1 has made its mark as the producer of the TV show “Brother Overcoming Challenges,” following the success of “Chị đẹp đạp gió” last year. The show features renowned artists such as Tự Long, Bằng Kiều, Tuấn Hưng, and Soobin Hoàng Sơn. “Brother Overcoming Challenges” has created a buzz in the community and attracted several big-name sponsors.
The show’s popularity has undoubtedly added to the heat on Yeah1’s stock, as it promises to bring significant revenue to the company.
Stock Market Pre-Trading Session, September 26: Truong Thanh Wood Receives Another Warning
The Ho Chi Minh City Stock Exchange (HoSE) has issued a warning to Truong Thanh Wood Industry Corporation (TTF) for delayed disclosure of explanations regarding the discrepancy in post-tax profits on the reviewed semi-annual financial statement for 2024.
The Big Sell-Off Hasn’t Happened Yet, Foreign Investors Bet Big on FPT
The afternoon session witnessed a slight uptick in liquidity, rising nearly 6% from the morning session, yet it remained relatively low. Trading was stable, and even the breadth was better than the morning. The VN-Index closed with a minor loss of 0.16 points, indicating a maintained balance. The market has not witnessed any significant selling pressure thus far.
Shake It Off: VN-Index Remains Resilient at 1240 Points
Pressure continued to weigh on the afternoon session, pushing the VN-Index down to 1240.91 points at one stage. However, buying support helped to balance out the market, and the index only experienced minor fluctuations on very low liquidity.
“Dragon Capital Divests 5.5 Million DXG Shares of Dat Xanh Group”
Dragon Capital has offloaded 5.5 million DXG shares, reducing its ownership stake in Dat Xanh Group from 10.0833% to 9.3201%.
Stock Market Pre-Trading: The “Takeover” Wave of Subsidiaries and Small Companies?
Many listed companies have divested, “acquired” or sold controlling stakes in their subsidiaries or smaller companies.
