PYN Elite Fund (NON-UCITS), a prominent foreign investment fund, has reported a change in major shareholder ownership in Yeah1 Group Joint Stock Company (ticker: YEG-HOSE).
According to the report, PYN Elite Fund purchased an additional 1,523,700 YEG shares, increasing its holdings in Yeah1 from 10,725,680 shares to 12,249,380 shares, equivalent to a 6.39% stake.
The transaction took place during the trading session on June 12, 2025. YEG shares surged to the daily limit of 6.67%, closing at 12,800 VND per share. Based on this price, the fund’s estimated investment for this transaction is approximately 19 billion VND.
Prior to this, on April 23, the fund had acquired 1 million YEG shares, increasing its ownership from 8.72 million shares (4.55%) to 9.72 million shares (5.07%), thus becoming a major shareholder in Yeah1.
In the recently published May report, PYN Elite Fund highlighted a 5.4% performance improvement, attributed to the positive performance of HVN, GEX, and securities stocks. As of the end of May, the fund’s portfolio value reached nearly 770 million EUR (~23 trillion VND). Bank stocks maintained the largest allocation at 47%, despite a reduction in TPB holdings.
Conversely, the fund has allocated a significant portion to VIB bank and increased its stake in MBB from 9.5% to 12.5%.
YEG first appeared in PYN Elite Fund’s investment portfolio as of December 2024. By April 2025, the fund officially became a major shareholder in Yeah1. In the May 2025 report, YEG recorded a 1.27% monthly increase but remained among the poorest performing stocks in the portfolio.
For the first quarter of 2025, YEG reported an after-tax profit of over 23.25 billion VND, a 93.67% increase compared to the same period last year (12 billion VND). This growth was driven by the success of advertising, event organization, music programs, and popular entertainment content, resulting in significant revenue and profit increases. As a consequence, retained earnings increased from over 72 billion to over 99 billion VND.
For the full year 2025, Yeah1’s shareholders approved a consolidated revenue target of 1,300 billion VND and an after-tax profit of 140 billion VND, representing a 27% and 14% increase, respectively, compared to the previous year’s results.
According to Yeah1, the primary growth driver for this year will be the “Anh trai vượt ngàn chông gai” concert series. Additionally, the company plans to invest in producing two new entertainment programs, “Tân binh toàn năng” and “Gia đình Haha,” to diversify its content revenue streams.
Thus, YEG has accomplished over 16% of its annual profit target.
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The YEG stock soared to its daily limit, indicating that the foreign fund’s estimated expenditure for this trade-off was approximately VND 19 billion.
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