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After the giants of Le Phuoc Vu, the steel king, in turn, caused "stunned" for shareholders

Wednesday, 01/30/2009 4:12 PM (GMT + 7)

After the announcement, the Vietnamese giants immediately began to fly hundreds of billions of dong.

After 5 consecutive growth sessions, the Vietnamese stock market recorded a slight decline during today's trading day. The psychology of recreation near the Lunar New Year forced investors to buy and sell stocks and continue to remain low.

As a result, the VN index slightly decreased by 0.09 points (0.01%) to 915.84 points. The corresponding volume and agreement on HSX reached 3,400 billion Dong. In contrast, with respect to HNX, the HNX index increased by 0.43 points (0.43%) to 102.81 points.

After the giant Le Phuoc Vu, the king of steel in turn caused a “bewilderment” for shareholders - 1

Market declined slightly in today's session

Shares in the banking sector and shares of oil and gas companies today are trading positively and have contributed to the market. The number of banking codes 10/17, in particular, ACB, MBB, LPB, TPB, is increasing. GAS, PVD, BSR also recorded green when closing the session.

Aviation stocks also received good traffic. VJC (Vietjet Air) increased 1,500 dong to 123,200 won per share. HVN (Vietnam Airlines) increased 900 dong to 38,500 dong. The Lunar New Year period is also the time when airlines do not have to eat and cook, when the demand for travel is very high.

Among the blue chips, VHM (Vinhomes), BVH (Bao Viet Group), FPT (FPT Group) still have stocks that have recently maintained their good performance. On the other hand, MSN (Masan), PLX (Petrolimex), NVL (Novaland), VNM (Vinamilk) all fell.

It is noteworthy that today HPG Hoa Phat shares were heavily traded after the largest steel giant in Vietnam unexpectedly announced a sharp drop in profits in the last quarter. In particular, during the reporting period, Hoa Phat received about 14,500 billion Won and 2,760 billion Bills after taxes. Compared to the fourth quarter of 2017, the profit of Hoa Phat decreased by 27%. This is the first time that Hoa Phat's Q1 earnings have fallen below a threshold of 2,000 billion since Q3 2017.

After the giants of Le Phuoc Vu, the steel king, in turn, caused a "stunned" for shareholders - 3

Mr. Tran Dinh Long – Chairman of the Hoa Phat Group

However, accumulated in 2018, Hoa Phat still achieved consolidated revenue of 56,500 billion Dong, which is 21% more compared to the same period last year; EMT is 8,600 billion Dong, an increase of 7%.

However, the sharp decline in profits of Hoa Phat in the fourth quarter made investors worry about the situation of enterprises in 2019. As a result, HPG shares were heavily sold out and lost from 700 to 29,000 won. / stock, the lowest since December 2017. Foreign investors also sold about 1.5 million HPG shares today.

With 534.18 million HPG holding shares, billionaire Tran Dinh Long – Hoa Phat Chairman lost about 373 billion dong just today. Currently, Mr. Long’s assets in securities reached 15,491 billion Dong.

FLC giants: wife has made thousands of billions, her husband is immediately flying 1200 billion

Gloomy trading sentiment continues to cover the Vietnamese stock market in the days of the upcoming lunar New Year.

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