HCMC – Sao Ta Foods Joint Stock Company (HOSE: FMC) has reported a sharp decline in revenue in November 2025 even as its production volume increased.
The shrimp processor posted US$16.16 million in consolidated revenue last month, down 12% year-on-year and nearly 39% lower than in October.
Finished shrimp output reached 1,984 tons in November, up 32% against the same period last year, while processed agricultural products rose 23% to 52 tons. However, consumption lagged behind production, with shrimp sales falling 9% to 1,490 tons and agricultural product sales plunging 69% to 29 tons year-on-year.
FMC has completed stocking shrimp at its new farming area and will continue stocking at its existing farms once weather conditions improve. Agribank Securities Corporation (Agriseco), the securities arm of Agribank, noted that FMC’s inventory had dropped to VND652 billion by the end of the third quarter, the lowest since early 2021, due to peak-season harvesting and pond maintenance. As a result, FMC’s fourth-quarter revenue could be constrained by tight raw material availability.
The company is also under pressure from multiple U.S. trade barriers, including countervailing duties, anti-dumping duties, and a 20% countervailing tax effective from August 1. Despite a 15% increase in export prices, these taxes have made it difficult for FMC to meet its profit targets.
Closing the trading session today, December 2, FMC shares dipped 0.28% to VND36,200, with 42,100 shares traded and a market capitalization of around VND2.37 trillion.
On the broader market, the VN-Index advanced 15.39 points, or 0.9%, to 1,717.06, with 144 stocks rising and 149 declining. Trading improved markedly, with more than 693.9 million shares worth VND22.39 trillion changing hands, up nearly 10% in volume and 6% in value from the previous day. Block deals contributed over 32.6 million shares worth VND2.28 trillion.
Vingroup stocks once again offered strong support. Although VIC rose just 2% to VND275,000, it accounted for nearly one-third of the VN-Index’s gain.
Among other bluechips, SAB hit its ceiling at VND52,400 with a 6.9% gain, while VJC climbed 6.87% to VND217,900. GVR advanced 3.9% to VND27,750, and TCB added 3% to VND34,200.
Mid-cap and small-cap stocks also attracted stronger cash flow, with several hitting their daily limits, such as HID, ITD, and PC1. PET surged 6.8% to VND34,400, GEE jumped 5.8% to VND223,000, TDP rose 5.4% to VND32,200.
Meanwhile, supply pressure eased in many speculative stocks. VIX, which earlier dropped more than 3.5%, pared losses to close just 0.2% lower at VND24,450, with nearly 41 million shares matched.
On the Hanoi Stock Exchange, the HNX-Index also recovered late in the session, rising 0.37% to 258.87 points, with 84 gainers and 57 decliners. Trading volume reached 69.1 million shares worth VND1.38 trillion, plus an additional 9.6 million shares worth VND192.2 billion from negotiated trades.
