HCMC – Vietnam National Petroleum Group, or Petrolimex, (HOSE, ticker: PLX) is set to auction its entire ownership in Petrolimex Laos on April 8.
The sale includes Petrolimex’s entire capital contribution of US$1.89 million, representing 100% of Petrolimex Laos’ charter capital. The auction will be conducted as a single lot through Lac Viet Auction Partnership Company, a licensed asset auctioneer in Vietnam.
Eligible investors must meet the criteria outlined in Lac Viet’s auction regulations. The starting price is set at over VND68.16 billion, with a required deposit of 10%, or roughly VND6.82 billion.
Successful bidders must complete payment between April 10 and April 16. Deposits for unsuccessful bids will be refunded on April 11.
Petrolimex will finalize its shareholder list on March 31 in preparation for its 2025 annual general meeting. The meeting is scheduled for April 25 and will take place in Hanoi.
The company’s 2024 financial report showed that its net revenue reached VND284.03 trillion, up 4% from the prior year. Before-tax profit stood at VND3.96 trillion, while after-tax profit was VND3.16 trillion.
These figures exceeded Petrolimex’s business targets for the year. The company had initially projected revenue of VND188 trillion and before-tax profit of VND2.9 trillion. The final results surpassed these goals by 51% and 36.55%, respectively.
Closing the trading session today, March 13, PLX plunged by 2.8% day-on-day to VND41,700, with over 2.5 million shares changing hands.
On the southern bourse, the VN-Index lost 8.41 points, or 0.61%, against yesterday’s session, at 1,326.27 points, with 121 winners and 366 losers.
Nearly 1.07 billion shares worth VND24.5 trillion were transacted, up by 13% in volume and 12% in value compared to the previous session. Block deal transactions contributed VND1.4 trillion to the overall value.
VIC surged by 6.9% to hit the daily limit at VND51,400, with a trading volume exceeding 16.4 million units. It was the top contributor to the VN-Index, adding more than 3.3 points.
VHM and VRE were still among the top gainers in the VN30 basket despite retreating from intraday highs. VRE rose 2.7% to VND18,750, with 29.8 million units traded, its highest since July 2024. VHM gained 1.8% to VND47,800, with 22.2 million units, the highest in nearly five months.
Meanwhile, bank stocks remained the main drags on the market. TCB and HDB led the losses, falling 2%, while major stocks like MBB, BID, VPB, VCB, and STB declined between 1.2% and 1.9%.
On the northern exchange, the HNX-Index inched down by 0.56 point, or 0.23%, against the previous day to 241.31 points, with 60 advancers and 117 decliners. The total trading volume reached nearly 61.9 million shares worth a total of VND1.1 trillion.
