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Wednesday, July 24, 2024

Thaiholdings dismisses two deputy general directors

The Saigon Times

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HCMC – Trinh Van Thiem and Vu Ngoc Dinh have been dismissed from the posts of deputy general director of Thaiholdings JSC, whose THD shares are traded on the Hanoi Stock Exchange.

They were transferred to Thaigroup, an affiliate of Thaiholdings, and worked full-time there from May 25.

Thiem served as general director at Kaito Cement JSC and director at other companies such as Kaito Ha Tien Cement and Thaigroup Binh Phuoc.

Meanwhile, Dinh used to hold senior positions at Kim Lien Tourism, a member company of Thaigroup. He was also managing director of Enclave Phu Quoc JSC.

Currently, Thiem and Dinh hold 539,000 THD shares each, equivalent to a 0.15% stake in Thaiholdings. Thiem is a board member of Thaigroup, while Dinh serves as a board member of Thaiholdings.

In its first-quarter earnings report, Thaiholdings posted VND583 billion in revenue and VND70.2 billion in profit after tax, plunging 60% and 56% compared to the same period in 2022, respectively.

This year, the company looks to obtain VND3,272 billion in revenue and VND358 billion in profit before tax, down 20.4% and 13.5% year-on-year, respectively.

Closing the trading session today, May 29, THD inched up 0.75% from Friday to VND40,200 per share.

On the southern bourse, winners outnumbered losers by 324 to 69. Bluechips bounced back strongly today, helping the benchmark VN-Index of the Hochiminh Stock Exchange add 11.22 points, or 1.05%, against the previous session, to 1,074.98 points.

Trade on the market also improved strongly with nearly 845 million shares valued at VND13.8 trillion changing hands, up 31.9% in volume and 26.6% in value from Friday. Block deals contributed more than VND2.1 trillion to the overall value.

In the VN30 basket, the VN30-Index gained 8.96 points to 1,069.77, with 24 advancers and 2 decliners.

Many bank stocks finished the day in the green, except BAB and NVB. Lender VCB inched up 1.2%. VAB, MBB, HDB. STB, LPB, SGB, TPB and EIB jumped between 1.4% and 3.6%.

Many medium- and small-capped real estate stocks finished the day at their upper limits, including DRH, EVG, TDC, ITC, VPH and ITA. Other developers such as KBC, KHG, PDR, IJC, SZC and SCR also rose strongly, ranging from over 2% to 5%.

Securities broker VND stole the limelight as it shot up to its daily limit at VND17,050 per share and took the lead by liquidity with a matching volume of more than 44.8 million shares, while the second most traded stock, HAG, saw 24.2 million shares changing hands.

The northern bourse saw 148 stocks rising and 55 others dipping. The HNX-Index of the Hanoi Stock Exchange inched up 2.66 points, or 1.22% from the session earlier, at 220,31 points.

There were 127.8 million shares worth VND1.8 trillion traded on the northern market.

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