HCMC – Hoang Quan Consulting-Trading-Service Real Estate Corporation (HOSE: HQC) has closed five of its 18 branches due to operational inefficiency, reported the local media.
The branches include a vocational training facility, a real estate transaction center, and three offices in HCMC’s Thoi An, Tam Binh, and Hoc Mon areas.
As of the end of the first quarter, the company operated one subsidiary, two affiliates, and 18 branches.
Hoang Quan reported revenue of VND48.93 billion in January-March, rocketing 265.4% over the same period last year. However, its net profit fell 1.8% to VND5.16 billion.
Gross profit soared 453.3% to VND22.96 billion. Financial income surged 48.2% to VND22.09 billion, while financial expenses jumped 63.9% to VND18.37 billion. Sale and administrative expenses climbed 302.4% to VND21.69 billion.
The company has set a revenue target of VND1 trillion and an after-tax profit goal of VND70 billion for 2025. As of the first quarter, it had completed only 7.4% of its profit target.
Closing the trading session today, July 11, HQC extended its winning streak to the eighth straight session with a 0.81% increase to VND3,740, with a trading volume of over 21.6 million shares.
The VN-Index rose 12.12 points, or 0.84%, to close at 1,445.64 points on Friday, supported by gains in banking, securities, and real estate shares.
The Hochiminh Stock Exchange recorded 159 gainers and 179 losers. Trading volume reached over 1.27 billion shares, up 12.4% from the previous session, while trading value increased 15.5% to VND31.94 trillion. Block deals contributed 36 million shares worth VND960.6 billion.
The VN30-Index added 24.67 points, or 1.57%, to 1,594.01 points, with 17 stocks advancing and 10 others declining. SHB was the biggest decliner, down 1.05% to VND14,200. It was the most actively traded stock on the market, with over 68.5 million shares changing hands. Most others lost around 0.5%.
VIC was the top contributor to the main index, adding more than six points. The stock rose 6.3% to VND108,000, with nearly 4.8 million shares changing hands.
Banking, securities, and steel stocks performed well. VCB increased 2.1% to VND62,700 with a matching volume of 12.7 million shares. HPG climbed 3.4% to VND26,000, with 65.3 million shares traded.
Securities stocks attracted strong interest. VCI hit the ceiling price and with nearly 30 million shares matched, while VDS, HCM, SSI, and FTS rose over 2%. SSI recorded 63 million shares traded.
Real estate stocks also advanced, led by Vingroup-related stocks. However, mid-sized developers such as DXG, DIG, KDH, PDR, and NVL declined around 1–2%.
On the Hanoi Stock Exchange, the HNX-Index rose 0.37 point, or 0.16%, to 238.81 points. There were 92 advancers and 75 decliners on the northern market. Trading volume exceeded 143 million shares, with a value of VND2.37 trillion.
