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Dragon Capital increases stake in Hoa Sen Group

The Saigon Times

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HCMC – Dragon Capital has raised its ownership in Hoa Sen Group, which trades its HSG shares on the Hochiminh Stock Exchange, by acquiring an additional 2.8 million shares.

Amersham Industries Limited, a member of Dragon Capital, on January 30 bought 2.5 million HSG shares, while Hanoi Investments Holdings Limited, another member of Dragon Capital, acquired 500,000 HSG shares.

However, two other members of the fund – KB Vietnam Focus Balanced Fund and Samsung Vietnam Securities Master Investment Trust – sold 100,000 HSG shares each.

The transactions increased the group’s ownership from 11.81% to 12.27% of the steelmaker’s charter capital.

Regarding business performance, Hoa Sen Group reported over VND9 trillion in revenue from October to December 2023, up by 14.6% year-on-year. The group’s after-tax profit in the quarter stood at VND103.36 billion compared to a loss of VND680.2 billion in the same period in 2022.

Closing the trading session today, February 7, HSG edged up by 0.65% to VND23,250 per share, with a trading volume of 7.6 million shares.

Winners outnumbered losers by 356 to 110 on the Hochiminh Stock Exchange today, resulting in the VN-Index gaining 10.05 points, or up 0.85%, to 1,198.53 points.

Stock trade improved slightly over the previous session, with 685.6 million shares valued at VND15.5 trillion changing hands.

Securities stock VND saw the highest trading volume on the southern market, with 46.1 million shares traded, followed far behind by NVL, which had 22.9 million shares traded.

With 101 advancers and 60 decliners, the Hanoi Stock Exchange saw the HNX-Index advancing by 0.41 point, or 0.18%, at 231.04 points. There were 62.5 million shares valued at VND1.2 trillion changing hands on the northern bourse.

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