HCMC – Thanh Cong Textile Garment Investment Trading JSC (HOSE: TCM) reported after-tax profit of VND24.1 billion in August, down nearly 3% year-on-year, though orders for the fourth quarter have already filled around 60% of the firm’s production capacity.
According to its latest business update, the parent company’s revenue fell 12% year-on-year to VND325.3 billion. In the January-August period, its consolidated revenue totaled VND2.49 trillion, slightly lower than a year earlier, while its after-tax profit rose 10% to VND209 billion.
Exports in August highlighted the company’s heavy reliance on Asian markets, which made up 72.06% of revenue. South Korea continued to be the largest market, accounting for 40.51%, followed by Japan at 10.32% and China at 6.77%. The Americas contributed 24.62%, with the U.S. taking 15.77% and Canada 8.49%.
On the stock market, TCM edged up VND50, or 0.17%, to close at VND30,250 today, September 23. Trading volume reached more than 1.1 million shares, lifting its market capitalization to around VND3.39 trillion.
The VN-Index inched up 0.81 point, or 0.05%, to 1,635.26, with 157 advancers and 153 decliners. Market liquidity dropped sharply as investors traded over 781.3 million shares worth VND22.6 trillion, down 35% in volume and 37% in value against the previous session.
Large-cap stocks such as steelmaker HPG, retailer MWG, and several banks including VIB, MBB, ACB, and TPB provided modest support, rising between 0.5% and 1.7%. SHB was the most actively traded ticker, losing over 2% to VND17,000 on record matching volume of 142.5 million shares. VPB followed with 27.1 million shares traded.
Among mid-cap and small-cap stocks, TCD and BCG closed at their ceiling prices, while JVC, SVD, and DTL also hit the daily upper limit. Conversely, many real estate and construction stocks such as NLG, CII, and TEG dropped 3-5%, dragging on overall sentiment.
On the northern bourse, the HNX-Index lost 1.22 points, or 0.44%, to 273.01, with 56 gainers and 80 losers. Trading volume on the exchange reached over 69 million shares worth VND1.45 trillion, while block deals contributed an additional 12.2 million shares valued at VND242.8 billion.
