On May 7, 2025, Pham Thu (born 1949), Chairman of the Board of Directors of Saigon Real Estate Joint Stock Company (Saigonres, stock code: SGR), announced that he had purchased nearly 9.9 million SGR shares in the company’s private placement to increase his ownership from 29.94% to 39.84% of charter capital. The transaction was completed on the same day as the announcement.
By announcing the results on May 7, the SGR share issuance concluded one month earlier than expected, which was initially June 19.
With a fixed sale price of VND 40,000 per share, it is estimated that Mr. Pham Thu spent approximately VND 395 billion to purchase this number of shares.
In the market, SGR shares are trading at VND 25,500 per share, corresponding to a market capitalization of over VND 1,500 billion.
Previously, the list of investors participating in the private placement included only Pham Thu, who registered to purchase 20 million shares.
As a result, Mr. Thu acquired 49.4% of the registered amount. The remaining over 10.1 million shares, which were registered but not paid for by investors, will be canceled.
Explaining the reason for not purchasing all the registered shares, Mr. Thu attributed it to the instability of the stock market.
According to the latest information, the closing price of SGR shares on May 7 was VND 25,250 per share, which is 37% lower than the issuance price.
In terms of business performance, according to the consolidated financial statements for the first quarter of 2025, Saigonres recorded net revenue of nearly VND 23.5 billion, an increase of 13.5% compared to the same period last year. After deducting taxes and expenses, the company reported a net profit of over VND 18.9 billion, while in the same period last year, there was a net loss of nearly VND 13.6 billion. This profit accounts for 5.9% of the year’s plan of VND 320 billion.
Stock Market Insights: Unleashing the Power Within
The market witnessed a surprising turnaround in the afternoon session, triggered by a price surge in FPT. Convincingly, the session saw strong buying power and a significant reversal in foreign investors’ net buying position compared to the morning session. The matched liquidity of the two floors rose to a healthy VND 19.3k billion.
The Market Tug-of-War: Heavyweight Stocks Hold the Line, Foreign Investors Surprise with Strong Buying
The VN-Index struggled to maintain its highs this morning as blue-chip stocks continued to diverge and weaken. Only 5 out of the top 10 largest capitalization codes increased, fortunately including VIC and GAS. Trading volume decreased by 10% compared to yesterday morning, with a balanced breadth confirming a tug-of-war state. A bright spot was that foreign investors unexpectedly net bought 367 billion VND after 16 consecutive net selling sessions.
The Power of Domestic Institutions: A Surprising Buying Spree Sees Them Scoop Up 400 Billion VND in the Week’s Final Session
“Domestic institutional investors bought a net of VND 401.6 billion, of which VND 381.2 billion was net bought in matched orders.”
The Ho Chi Minh Stock Exchange witnessed another day of net foreign buying, with VIC shares being the most accumulated.
The markets are buzzing with activity as intraday trading volume reaches a whopping 20.5 trillion VND. Foreign investors showed a keen interest, with a net buy of 246 billion VND, primarily accumulating VIC, MBB, HPG, MSN, DXG, CTG, and HCM stocks, while offloading VHM.
Will Foreigners Return to Strong Net Buying in the Last 6 Months?
With expectations of progress in the Vietnam-US trade negotiations and the prospect of an upgraded stock market status, there is optimism that foreign investors will return to net buying on Vietnam’s stock market in the latter half of the year.
