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Friday, June 14, 2024

Becamex to issue bonds worth VND1.3 trillion

The Saigon Times

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HCMC – Investment and Industrial Development Corporation (Becamex), whose BCM shares are traded on the Hochiminh Stock Exchange, has approved a plan to issue bonds worth VND1.3 trillion via private placement in 2023.

The company has not yet disclosed details about the plan for utilizing the proceeds from the bond issue, as well as for allocating funds to repay the principal and interest of the issued bonds.

According to its June-September financial statements, Becamex reported revenue of over VND1.14 trillion and after-tax profit of VND215.6 billion, plunging by 49.51% and 16.8% compared to the same period last year, respectively,

In the January-September period, Becamex achieved revenue of more than VND3 trillion, a 46.15% decrease over the year-ago period, and after-tax profit of only VND264.5 billion, showing a sharp drop of 84.11%.

Closing the trading session today, December 15, BCM dropped by 2.67% to VND62,000, with around 411,900 shares changing hands.

On the southern bourse, 162 stocks gained while 338 others declined, causing the benchmark VN-Index to lose 7.83 points, or 0.71% versus yesterday’s session, at 1,102.3 points.

The total trading volume reached more than 749.8 million units, valued at over VND15.8 trillion, down 10% in volume and 8.2% in value compared to the previous session. Block deal transactions totaled 65.25 million shares worth VND1.7 trillion.

The blue-chip stock group exerted pressure on the bourse, with lender VCB being the main drag. VCB plunged by 2.6% to VND82,200, the lowest price in the last six months.

Other blue-chip stocks declined significantly and closed at their lowest prices of the day, with MSN dropping by 3.1%, BCM decreasing by 2.7%, VJC down by 2.2%, MWG declining by 2%, and BVH reducing by 1.6%.

Meanwhile, real estate developer NVL stole the spotlight as it surged by 3.68% to VND16,900, with 38.5 million shares transacted.

With 70 advancers and 91 decliners, the HNX-Index of the Hanoi Stock Exchange lost 0.21 points, or 0.09% day-on-day, closing at 227.02 points. The total trading volume reached over 76.52 million units, valued at VND1.5 trillion.

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