Despite the company’s ongoing losses, its stock has surged dramatically as investors are driven by speculative sentiment rather than fundamental performance.
With nearly VND 3.6 trillion raised from its IPO, TPS plans to allocate the funds towards securities brokerage, proprietary trading, and other strategic initiatives.
With substantial profits from stock investments, Tu Liem Urban Development JSC (HOSE: NTL) successfully turned a profit in Q3, despite the company recording zero revenue from real estate sales.