On December 18th, PIF executed a transaction reducing its stake in SGT from 10 million shares (6.76%) to 3.8 million shares (2.57%). That same day, SGT recorded a block trade of exactly 6.2 million shares, strongly suggesting PIF was the seller.
This block trade totaled nearly 117 billion VND, reflecting the stock’s ceiling price of 18,800 VND per share on December 18th.
Notably, PIF exited its major shareholder position in SGT after only six months. The fund initially acquired 10 million shares on June 20th, likely through a block trade valued at 170 billion VND (17,000 VND per share).
Comparing these prices, PIF potentially realized a 10% profit by “swing trading” 6.2 million SGT shares. SGT has exhibited cyclical price movements, with prolonged corrections following rapid surges.
| SGT Stock’s Recent Volatility |
Beyond PIF’s direct holdings, its management company, PVI AM, holds 250,000 SGT shares (0.17%), acquired on June 23rd. Collectively, this group now owns nearly 4.1 million SGT shares (2.74%) in the company chaired by tycoon Đặng Thành Tâm.
Recently, SGT has drawn attention with plans to raise over 1.48 trillion VND through capital markets. Mr. Tâm and affiliated entities are expected to be the largest contributors in the upcoming share offering, scheduled for Q4 2025 – Q2 2026.
The PVI Infrastructure Investment Fund (PIF) is a closed-end fund established by PVI AM on May 25th, 2017. It raised 1.5 trillion VND from PVI affiliates and primarily invests in real estate and infrastructure development. PIF’s five-year performance has averaged 8-11% annually.
Source: PVI AM
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PIF is one of two funds managed by PVI AM, alongside the PVI Opportunity Fund (POF). POF, established on October 8th, 2015, was PVI AM’s first closed-end fund, raising 2 trillion VND from PVI affiliates. However, PVI AM completed POF’s liquidation, distribution, and dissolution on October 14th, 2025.
– 09:32 24/12/2025
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