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Sunday, July 14, 2024

ST8 has new board chairman

The Saigon Times

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HCMC – Sieu Thanh Joint Stock Company, which trades its ST8 shares on the Hochiminh Stock Exchange, has announced Nguyen Van Binh is its new board chairman in the 2023-2028 term.

Binh is among four independent board members to be elected at ST8’s 2023 general meeting held this morning, April 5. He also serves as vice board chairman at Vietnam Eco Plastic JSC.

In its 2023 business plan, the firm looks to obtain VND450 billion in revenue and VND40 billion in profit after tax, surging 32% in revenue but diving 80% in profit after tax compared to the year earlier.

ST8 closed the trading session today up 3.3% from the previous session, ending its four-day losing streak, at VND17,450.

With 250 gainers and 128 losers, the VN-Index of the HCMC exchange added 2.41 points, or 0.22%, at 1,080.86 points.

There were 793.7 million shares worth more than VND12.8 trillion changing hands, a slight drop over yesterday’s session. Some 86.8 million shares worth over VND1.4 trillion were traded in block deals.

Lender SHB took the lead by liquidity today with around 44 million shares transacted, and finished the day up 0.4%, at VND11,550, followed by STB and HQC with more than 39.4 million and 37.9 million shares traded.

With 126 advancers and 60 losers, the HNX-Index of the Hanoi Stock Exchange extended its winning streak to the fifth session with a gain of 1.85 points, or 0,88% from the session earlier, at 212.58.

Trade on the northern exchange surged 28% in volume and 22% in value versus the previous session, with 121.8 million shares worth over VND1.6 billion traded.

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