Mr. Bui Hoang Sang – General Director IDP
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Mr. Bui Hoang Sang, General Director (CEO) of International Milk Lof, has just completed the purchase of 15,000 IDP registered shares, increasing his ownership from 0% to 0.02% of the capital. The transaction was made through an agreement on May 26, with a total value of over VND 2.8 billion, averaging VND 187,000/share. Compared to the market price of VND 220,000/share in the same session, the agreed price is about 15% lower. Mr. Sang stated that the purpose of the transaction was to meet his personal financial needs.
IDP is a code with low liquidity, often with no transactions for many sessions. In the last week of April, the code fell sharply by 15% to VND 181,000/share, the lowest since late September 2023, and then gradually recovered. However, compared to the historical peak of VND 303,000/share in June 2023, IDP’s market price is currently lower by about 27%.
| Price movement of IDP shares in the past year |
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The “frozen” liquidity is mainly due to the highly concentrated shareholder structure, with 3 large organizations holding nearly 82% of the charter capital. Specifically, Bluepoint JSC owns 54.29%, Vietcap holds 15%, and Daytona Investments Pte. Ltd. holds 12.56%.
In contrast to the CEO’s buying move, on April 10, Mr. Phan Van Thang – Director of Finance and Chief Accountant sold all 174,998 IDP shares he held. Ms. Chu Hai Yen – Deputy General Director also divested her entire holding of 15,000 shares. Both transactions were made to meet personal financial needs.
The session on April 10 recorded a rare surge in IDP’s liquidity, with more than 152,500 matched shares worth VND 32.5 billion (averaging VND 213,000/share) and more than 371,000 agreed shares worth VND 85.3 billion (averaging VND 230,000/share). Both leaders made significant profits as the sold shares came from the 2024 ESOP program, with a purchase price of only VND 10,000/share, much lower than the current market price.
In terms of business results, in the first quarter of 2025, IDP recorded a 16% increase in revenue compared to the same period last year, reaching nearly VND 1,800 billion. However, net profit decreased by more than half, reaching only VND 106 billion – the lowest since 2021. This was mainly due to a sharp increase in selling expenses, from VND 307 billion to VND 512 billion, as the company intensified its operating and marketing activities.
| IDP’s quarterly business results in the period 2021-2025 |
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– 13:00 02/06/2025
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