Specifically, FPTS registered to sell nearly 1.2 million cp MSH during the period from 08/18 to 09/16, via matching or floor trading, thereby reducing ownership from 11.7% to 10.7%. FPTS stated that this transaction relates to proprietary business operations.

This is not the first time FPTS has divested from May Song Hong this year. After the US announced a shocking countervailing duty policy in April 2025, the business prospects of exporters became uncertain in the eyes of investors, despite short-term business results remaining positive.

US President Donald Trump announced countervailing duties on a range of trading partners on 04/02/2025 (US time). Trade negotiations took place immediately after. To date, countervailing duties on imports into the US have been adjusted to be lower than the initial announcement.

In Q2 of 2025, May Song Hong reported a 10% increase in consolidated net revenue and a surge of over 96% in net profit year-on-year. The company shared that they had secured numerous orders but did not elaborate on whether this positive trend was related to rushed shipments to beat the US countervailing duty deadline.

Amidst these circumstances, investors have clearly expressed their perspective. From April until now, the MSH code has dropped by nearly 5% while the VN-Index surged by 25%. This is also the situation faced by a series of export enterprise stocks, including those in the textile, seafood, and wooden furniture industries.

Thua Van

– 10:32 14/08/2025

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