HCMC — Nam Kim Steel JSC (HOSE: NKG) plans to issue up to 4.5 million employee stock ownership plan (ESOP) shares at VND10,000 each, a 44.1% discount to its September 10 closing price of VND17,900.
The issue will account for just over 1% of outstanding shares and is expected in 2025 or 2026, pending approval from the State Securities Commission. Half of the shares will be restricted from trading for one year, with the remainder locked up for two years.
A total of 27 employees will be eligible to purchase the shares. Chairman Ho Minh Quang will buy 600,000 shares, General Director Vo Hoang Vu 400,000, and Deputy General Directors Tran Ngoc Dieu and Le Minh Hai 350,000 each.
In the second quarter of 2025, Nam Kim reported revenue of VND3.81 trillion, down 32.7% from a year earlier. Net profit plunged 58.3% to VND91.6 billion, with gross margin narrowing to 7.1% from 9%.
For the first half of 2025, revenue decreased 27.9% year-on-year to VND7.9 trillion, while net profit slid 57.5% to VND157 billion.
The company targets output of 1.05 million tons and revenue of VND23 trillion this year, up 11.1% from 2024. Pretax profit is projected at VND440 billion, down 21.1%. By mid-2025, Nam Kim had reached VND193.3 billion in pretax profit, or 43.9% of its annual goal.
Vietnam’s benchmark VN-Index closed higher today, September 10, supported by several large-cap stocks, while market liquidity declined.
The main index rose 5.94 points, or 0.36%, to 1,643.26 points, with 149 stocks advancing and 171 declining on the Hochiminh Stock Exchange.
Trading volume fell nearly 11% from the previous session to just over one billion shares, while value dropped nearly 5% to VND29.83 trillion. Block deals accounted for more than 109 million shares worth nearly VND2.88 trillion.
The VN30-Index, which tracks the 30-largest cap stocks, increased 3.46 points, or 0.19%, to 1,828.63 points.
Among bluechips, lender CTG led gains, adding 1.8% to VND50,500. TCB, VIC, VCB, and SSB also rose over 1%. GVR and TPB each lost more than 1%, while MWG, VIB, VNM, LPB, and FPT also edged lower.
Steelmaker HPG ended flat at VND28,850 and was the most actively traded stock on the market with over 52.4 million shares.
On the Hanoi Stock Exchange, the HNX-Index moved sideways with a slight decline of 0.08%, edging down 0.22 point to 274.6, with 76 winners and 68 losers. Trading volume on the northern exchange reached 141.3 million shares valued at VND3.17 trillion.
