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Wednesday, June 19, 2024

Board member offloads stake in Khai Hoan Land Group

The Saigon Times

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HCMC – Phung Quang Hai, a board member of Khai Hoan Land Group JSC, on April 21 offloaded his holding of over 1.6 million KHG shares, or a stake of 0.36% in the firm.

Last year, the firm posted nearly VND1.4 trillion in revenue and VND442.5 billion in after-tax profit, up 8.4% and 7% over the same period in 2021, respectively.

As of December 31, the firm’s total assets inched up 9.7% over the start of the year, at more than VND7 trillion. Long-term receivables accounted for 66% of the total, at VND4.6 trillion, while short-term receivables reached VND1.5 trillion, making up 21.5%.

Meanwhile, its short-term and long-term debts surged by 53.2% over the beginning of 2022, equivalent to an increase of VND350 billion, to over VND1 trillion.

Today KHG closed 0.81% lower than last Friday, at VND4,890 per share and reported a matching volume of 3.5 million shares. The stock has lost around 70% of its value since March 25, from VND16,260 to VND4,890 now.

With 171 winners and 205 losers, the benchmark VN-Index of the Hochiminh Stock Exchange slid 1.55 points, or a fractional 0.15%, over the session earlier at 1,041.36.

Trade on the HCMC exchange dropped nearly 5.5% in value against the previous session to over VND9.1 trillion, with around 557 million shares changing hands. Nearly 105.9 million shares traded in block deals contributed more than VND1.9 trillion to the overall value.

Real estate stock HQC took the lead by liquidity today with a matching volume of 33.9 million shares, followed by NVL with 22 million shares traded.

On the Hanoi exchange, the HNX-Index edged down 0.16 points, or 0.08%, from the previous session, at 206.76, with 69 advancers and 83 decliners.

Trade on the Hanoi Stock Exchange amounted to nearly 59 million shares with a value of nearly VND764.7 billion. Around 2.9 million shares valued at VND63.9 billion were transacted in put-through deals.

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