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Wednesday, June 26, 2024

APH cancels bond and share sale plans

The Saigon Times

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HCMC – An Phat Holdings, which lists its shares on the Hochiminh Stock Exchange with the trading code APH, will not issue VND800 billion worth bonds via private placement.

The firm will cancel its plan to hold an auction for the sale of 20 million shares on the southern bourse.

This year, An Phat Holdings looks to obtain VND16.5 trillion in revenue and VND585 billion in after-tax profit. Given the targets, its profit is expected to shoot up by 146% against last year.

In the first quarter of 2022, APH posted VND4.5 trillion in revenue and VND82.7 billion in after-tax profit, up 67.9% and 14.9% year-on-year, respectively.

This year, the firm will focus on developing green products and industrial zone real estate projects. APH will spend all of its profit in 2021 on production activities, instead of paying a 2021 dividend.

In late March this year, APH’s total assets rose by 3% from early 2022 to VND12.7 trillion, the local media reported.

APH rose to its daily upper limit at the close today, May 26, marking the second straight day of gain.

With 252 gainers and 191 losers, the VN-Index of the HCMC exchange added 0.14 points, or a fractional 0.01%, from the session earlier, at 1,268.57. Over 541 million shares worth VND13.7 trillion changed hands, down 17% in both volume and value against yesterday.

The HNX-Index of the Hanoi Stock Exchange lost 1.63 points, or 0.52%, from the previous session, at 313.29 points.

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