The End of Exponential Growth: KSV and Yeah1 Shareholders Bitterly Welcome the New Year with “Pine Trees”.

YEG Shares Plummet as Yeah 1’s “Sister Overcomes the Wind 2024” Show Struggles to Gain Traction

YEG shares of Yeah 1 Group Joint Stock Company plummeted to the floor price of 7% to VND 18,600/share on December 31, 2024, marking the third consecutive session of losses for the stock. This sharp decline comes just after a remarkable surge following the second concert of “Anh trai vượt ngàn chông gai” in Hung Yen, which saw the share price double in just a few months, adding over VND 1,000 billion to the company’s market value.

As of 10:30 am on December 31, nearly 3 million YEG shares were matched, but more than 2.6 million shares were stuck at the floor price. The hype surrounding the second concert of “Anh trai vượt ngàn chông gai” seems to be wearing off, as Yeah 1’s new show, “Sister Overcomes the Wind 2024,” is struggling to capture the same level of enthusiasm from viewers. The show’s YouTube views have been declining with each episode, and apart from the first episode, the remaining episodes have only garnered around 1-2 million views, with most of the performances failing to make it to the trending list.

In terms of business performance, Yeah 1 revealed impressive Q3 2024 results, with revenue reaching over VND 345 billion, a threefold increase year-over-year, and the highest quarterly revenue since Q4 2020. After deducting related expenses, the company reported a tenfold increase in profit compared to the same period last year, amounting to over VND 34 billion.

For the first nine months of 2024, Yeah 1 recorded a revenue of more than VND 629 billion, a 2.4-fold increase, and a net profit of nearly VND 56 billion, a significant 4.5-fold rise compared to the same period in 2023.

KSV Shares Also Form a “Christmas Tree” Pattern with YEG

During the same period of YEG’s consecutive ceiling-priced sessions, KSV shares of the Vietnam National Coal-Mineral Industries Group Corporation – Joint Stock Company (Vimico) also witnessed a remarkable surge, followed by a sharp decline, including one floor-priced session, resulting in a 16% drop.

KSV shares had reached an all-time high of VND 132,000/share on December 27, 2024, marking an 180% increase within just one month and a 340% year-to-date gain. Vimico, a subsidiary of the Vietnam National Coal-Mineral Industries Group (Vinacomin), primarily focuses on mineral and non-ferrous metal mining, including rare earth minerals and black metals. The company is renowned for its leadership in copper mining and processing in Vietnam, with access to the country’s largest copper mine, the Sin Quyen mine.

Vimico also holds the rights to the Dong Pao rare earth mine, the largest of its kind in Vietnam, with a total geological reserve of over 11.3 million tons, accounting for more than half of the country’s rare earth reserves. The company’s leadership recently met with Mr. Vu Anh Tuan, General Director of Vinacomin, to discuss their impressive performance, with consolidated revenue for the Group reaching VND 11,968 billion for the first eleven months, and expected to reach VND 13,327 billion for the full year. The company also reported a profit of VND 1,117 billion for the period, with an expected full-year profit of VND 1,296 billion.

Additionally, Vimico contributed VND 1,205 billion to the state budget for the first eleven months and is on track to reach VND 1,595 billion for the full year. The company’s employees also benefited from a healthy average income of VND 16.1 million per person per month, expected to reach VND 16.34 million for the full year.