Enterprise

PV Gas - Gas Corporation (HOSE: GAS) reported a decline in profits for the fourth quarter of 2023 due to the decreasing oil prices. However, the overall business performance of this major gas company remained stable throughout the year.

While Tasco's Q4 2023 revenues soared to nearly 7.795 trillion VND, a 24.6 times increase compared to the same period last year, the company only reported a modest profit of over 19 billion VND, a 29% decrease. Notably, the number of employees increased by nearly 5,500 people compared to the beginning of the year.

In the previous week of the Lunar New Year holiday (05 - 07/02/2024), only 2 businesses announced cash dividends. The highest ratio was 10%, which means for every 1 share, shareholders would receive 1,000 Vietnamese dong.

From 1-1-2024, a total of 42 aircraft from 2 Vietnamese airlines will be temporarily grounded for engine inspections based on an urgent technical notification from engine manufacturer Prat & Whitney.

Masan Group (HOSE: MSN) has announced its Q4/2023 financial results, reporting a net revenue of 78,252 billion VND for the full year, a 3% increase compared to the previous year. Additionally, the company recorded its highest-ever total assets.

In addition to the Tet bonus of 2 months' salary, approximately 2,000 employees of Song Hong Garment Corporation in Nghia Hung area (Nam Dinh) were also given 7cm thick compressed cotton mattresses. The image of workers receiving Tet gifts packed full in vehicles and taken home has been widely shared on social media in recent days.

The board of directors at MT Gas Joint Stock Company (UPCoM: MTG) announced that only 4.15 million shares were successfully sold through private placement, which is just under 52% of the initial plan. Furthermore, the process took longer than anticipated.

In the second half of 2023, the amount of capital raised from initial public offerings (IPOs) in Southeast Asia reached only $1.6 billion, a 63% decrease compared to the same period last year. There were 71 IPOs, a 21% decrease, according to analysis by Nikkei and US data provider Dealogic.

PV OIL (Ticker: OIL) - Vietnam Oil Corporation, reported unfavorable results in the fourth quarter of 2023. However, the company still achieved over 100 trillion VND in revenue for the whole year, exceeding the set profit targets.

Elcom Technology and Telecommunications JSC (stock symbol: ELC) reported a fourth-quarter net profit that was 28 times higher than the same period last year. This remarkable growth can be attributed to the successful execution of large-scale projects and contracts, as well as significant gains from financial investments. By surpassing its profit target by 38% for the year 2023, ELC has proven itself as a leading player in the industry.