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

YEG Shares Plummet as Yeah 1 Faces Post-Concert Reality

YEG shares of Yeah 1 Group Joint Stock Company plummeted to their daily limit of 7% to VND 18,600 per share on December 31, 2024, marking the third consecutive session of losses.

By 10:30 am local time, nearly 3 million YEG shares were traded, but more than 2.6 million shares were stuck at the floor price.

This downward trend comes after YEG witnessed seven consecutive sessions of gains following the explosive effect of the second concert of “Anh trai vượt ngàn chông gai” in Hung Yen, which doubled the share price in just a few months and added over VND 1,000 billion to the company’s market capitalization.

However, in the aftermath of the concert, Yeah 1 is facing a reality check as their new show, “Chị đẹp đạp gió 2024,” struggles to captivate viewers. The show, which followed the success of “Anh trai vượt ngàn chông gai,” has failed to attract a similar level of interest, with views declining over subsequent episodes. Aside from the first episode, which garnered attention, subsequent episodes have only managed 1-2 million views, and the performance stages have largely failed to trend on YouTube.

In terms of business performance, Yeah 1 revealed that their revenue for Q3 2024 exceeded VND 345 billion, a threefold increase compared to the same period last year, and the highest quarterly revenue since Q4 2020. After deducting related expenses, Yeah1 reported a tenfold increase in profit compared to the previous 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, 2.4 times higher than the previous year, and a net profit of nearly VND 56 billion, 4.5 times higher than the same period in 2023.

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

During the same period of YEG’s consecutive gains, KSV shares of the Vietnam National Coal-Mineral Industries Group (Vinacomin) also witnessed a surge, only to suffer a sharp decline, including one session of floor price, corresponding to a 16% drop.

Previously, KSV had reached a historical peak of VND 132,000 per share on December 27, 2024, marking an 180% increase within just one month and a 340% surge since the beginning of the year.

Vimico, a subsidiary of Vinacomin, primarily engages in the mining of minerals, non-ferrous metals, 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 currently owns the Dong Pao rare earth mine, which boasts the largest reserves in the country. Spanning nearly 133 hectares in Ban Hon, Tam Duong district, Lai Chau province, Dong Pao is estimated to hold over 11.3 million tons of geological dry reserves, accounting for more than half of Vietnam’s total rare earth reserves.

During a meeting with Vu Anh Tuan, General Director of Vinacomin, the leadership of the Vinacomin Mineral Corporation shared that their consolidated revenue for the first eleven months reached VND 11,968 billion, with an expected annual revenue of VND 13,327 billion. Their profit stood at VND 1,117 billion, with an annual projection of VND 1,296 billion.

In terms of tax contributions, the company paid VND 1,205 billion for the first eleven months, with an annual estimate of VND 1,595 billion. The average income was VND 16.1 million per person per month, and it is expected to reach VND 16.34 million for the entire year.