HCMC – Development Investment Construction JSC, which trades its DIG shares on the Hochiminh Stock Exchange, has redeemed VND461 billion of its bonds that fell due on September 30.
The real estate developer has fully settled the DIGH2124002 bond lot issued in September 2021, along with VND27.77 billion in coupon payments. The firm’s outstanding bond debt now stands at around VND2.04 trillion.
In the first half of 2024, the company’s total debt increased by nearly 39% to VND4.3 trillion. Revenue in this period surged 76.8% over the same period last year to VND635.2 billion. However, its net profit plummeted 95.5% to VND3.9 billion, largely due to lower financial income and higher administrative costs.
The company has set a revenue target of VND2.3 trillion for 2024, with a pre-tax profit goal of VND1.01 trillion, but it achieved just 2.1% of its full-year pre-tax profit with earnings of VND21.5 billion in January-June.
Closing the trading session today, October 8, DIG extended its losing streak to the sixth consecutive session with a 1.84% decrease to VND21,300, with a matching volume of over 10.2 million shares.
With 176 winners and 179 losers, the VN-Index gained 2.05 points, or 0.16%, to close at 1,271.98 points on Tuesday.
Total trading volume and value surged 25% and 33% over the session earlier, with over 678.7 million shares worth VND15.7 trillion changing hands. Block deals accounted for over 28.3 million shares valued at VND761.5 billion.
Steel stock HPG took the lead by liquidity in the southern market, with more than 38.1 million shares traded, closing up 2.1% to VND26,950 per share.
Bank stocks traded actively, with volumes ranging from 10 million to 32 million shares, but prices remained relatively unchanged.
Securities stocks also followed the same trend, with SSI, VCI, HCM, and VIX having trading volume between 11.1 million and 28 million shares, but saw little price change.
Decliners outnumbered advancers by a ratio of 80 to 69 on the Hanoi Stock Exchange. The HNX-Index dropped 0.94 point, or 0.4%, to 231.52 points. Total trading volume on the northern exchange reached 65.3 million shares valued at VND1.4 trillion.
