“T. Rowe Price Associates Boosts Stake in PNJ”
In the latest transaction disclosed by investment funds last week, T. Rowe Price Associates, a foreign fund, purchased an additional 74,100 shares of Phu Nhuan Jewelry Joint Stock Company (HOSE: PNJ) on July 28, raising its ownership stake to over 6%, equivalent to more than 20.3 million shares. The transaction value is estimated at VND 6 billion.
Previously, in mid-May, the fund also spent more than VND 100 billion to acquire 1.24 million PNJ shares, becoming a major shareholder with a 5.18% stake, equivalent to over 17.5 million shares.
| PNJ share price movement from the beginning of 2024 to August 01, 2025 |
This increase in ownership comes as the PNJ share price recovers to the VND 86,000/share level, matching the price when the foreign fund became a major shareholder. This recovery follows a dip to the VND 75,000/share range in early June.
Notably, the transaction took place just before PNJ announced its Q2 2025 financial results. For this quarter, the company reported a 3% year-over-year increase in net profit to VND 442 billion, attributable to optimized production costs.
For the first half of 2025, PNJ’s revenue decreased by 22% year-over-year to VND 17,218 billion, while net profit declined slightly by 4% to VND 1,119 billion. This resilience in profitability is due to improved gross profit margin and well-controlled operating expenses.
As of June 2025, PNJ has achieved 55% of its full-year revenue target and over 57% of its net profit goal.
Source: VietstockFinance
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– 07:28 03/08/2025
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