In his latest post on Truth Social on April 9th, President Donald Trump announced a delay in tariffs on several countries.
“Based on the fact that over 75 countries have contacted us about negotiations and not retaliating, I am delaying the tariffs for 90 days, and will reduce them to 10% during this period,” Mr. Trump wrote. He stated that this decision would take immediate effect.
Following this news, the Vietnamese stock market surged at the opening bell, with numerous stocks reaching the maximum daily increase, including shares of Hoa Phat Group Joint Stock Company (HPG). Specifically, Hoa Phat’s shares rose 7% to the ceiling price of 22,750 VND per share.
Yesterday, Mai Phương Thúy, a beauty queen, shared on her personal Facebook page that she had purchased one million shares of Hoa Phat Group (HPG) at the floor price.
Her exact words were: “I bought one million HPG shares at the floor price, and it took me a whole day…”
It’s unclear what exactly happened, but her post could be interpreted as saying that she bought one million HPG shares during the April 9th session. On that day, HPG shares fell to the floor price of 21,300 VND per share, marking the second consecutive session of floor price decline and the fourth consecutive session of sharp decline after President Donald Trump’s announcement of retaliatory tariffs.
Assuming the floor price, the amount of money Mai Phương Thúy spent to buy one million HPG shares was 21.3 billion VND.
With HPG’s ceiling price today, the one million shares that Mai Phương Thúy bought yesterday are now worth 22.75 billion VND. She made a profit of 1.45 billion VND overnight.
Recently, Hoa Phat announced a change in its 2024 dividend payment plan.
Specifically, according to a document released at the end of March, the HPG Board of Directors proposed a 2024 dividend payment plan with a total ratio of 20%, including 5% in cash and 15% in stocks.
However, in the latest adjustment, Hoa Phat plans to pay the 2024 dividend entirely in stocks, with a ratio of 20%. If approved, the company expects to issue nearly 1.3 billion new shares.
The company attributed the adjustment to the recent developments in the Trump administration’s retaliatory import tax policy and a cautious approach to ensure cash flow.
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