HCMC – CNG Viet Nam Joint Stock Company (HOSE: CNG) has unexpectedly revised down its 2025 business targets just weeks before closing the list of shareholders for a written consultation.
The company will finalize the shareholder list on December 15 for a written ballot scheduled for later that month, though details of the issues to be consulted have not been disclosed.
Alongside the plan to seek shareholder opinions, CNG has announced a sharp adjustment to its 2025 profit targets. Its pre-tax profit projection has been cut by 24.9% against the plan approved earlier this year, dropping by VND28.3 billion to VND85.2 billion. Its post-tax profit has been reduced by the same ratio, at VND22.6 billion, to VND68.2 billion.
In the first nine months of 2025, the company posted revenue of VND3.11 trillion, up 26.5% year-on-year. However, its after-tax profit fell 11.7% to VND64.75 billion despite a slight improvement in gross margin from 8.1% to 8.4%.
Closing the trading session today, November 27, CNG shares edged up 0.2% to VND25,150, with 25,700 shares changing hands, putting the company’s market capitalization at around VND882.75 billion.
On the broader market, the VN-Index added 3.96 points, or 0.24%, to 1,684.32 points, with 137 gainers and 171 decliners. Trade volume reached 714 million shares worth VND21.2 trillion, down 10% in volume and nearly 15% in value versus the previous session.
The VN30 basket ended nearly 2.5 points lower, despite gains in 13 stocks. GAS and GVR rose more than 1.5% each, while VIC contributed the most to the benchmark with a 1.2% rise. Conversely, VJC extended its losing streak, falling 2.8% to VND202,000 per share on 4.88 million shares traded.
Bank stocks saw mixed performance, with several turning negative in the afternoon. MSB stood out as the strongest performer, hitting the ceiling price with 23.2 million shares traded and more than 10 million shares bid at the upper limit.
Securities stocks also lost steam after yesterday’s rally. VIX was the most actively traded stock on the market with over 69 million shares matched, closing up 2.7%. SSI dipped 2.4% to its intraday low with more than 20 million shares traded.
Real estate stocks continued to face heavy selling pressure. NVL plunged 4.2% to VND14,850 per share on 16.2 million shares traded, while CII fell 2.3% to VND26,000.
On the Hanoi Stock Exchange, selling pressure pushed the HNX-Index down 0.18% to 261.43 points, with 49.4 million shares worth VND955 billion traded.
