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Friday, June 14, 2024

Yeah1 to issue 55 million shares

The Saigon Times

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HCMC – Multimedia company Yeah1 Group Corporation (HOSE: YEG) has decided to issue more than 55 million bonus shares, with December 15 set as the record date.

Existing shareholders will get 722 new shares for every 1,000 shares held. The share issue will lead to the company’s charter capital increase.

The capital for this issuance comes from the accumulated surplus capital, totaling nearly VND550.9 billion, based on the company’s 2022 audited financial statements.

In its third-quarter earnings report, Yeah1 posted revenue of over VND111.5 billion, surging 57.57% over the same period in 2022. However, this growth was overshadowed by the 78.5% year-on-year rise in sales costs, at VND89.5 billion.

As a result, its gross profit improved by a modest 6.4%, at around VND22 billion.

From January to September, the firm earned VND254.8 billion in revenue, up 22.7% against the same period last year, but its profits after tax dropped a significant 45% year-on-year to VND12.3 billion.

Closing the trading session today, December 4, YEG inched up 1.13% versus the previous session to VND17,850 per share, with 882,200 shares changing hands.

The southern stock market witnessed a robust uptrend today, with the VN-Index surging by 18.33 points, or 1.64%, to 1,120.49 points. This positive momentum was characterized by 487 advancing stocks, with 12 of them hitting their daily upper limits, and only 59 others dipping.

Trading activity also rose, with total volume exceeding 1.12 billion shares valued at over VND24.2 trillion. This marked an 86.67% increase in volume and a 98.15% rise in value compared to the session earlier. Block deals contributed more than VND1.9 trillion to the overall value, with 82.6 million shares transacted.

In the VN30 basket, SAB was the sole underperformer, gaining 0.5% to VND64,700 per share. With 29 winners, the VN30-Index gained 16.77 points to 1,107.16 points.

Securities stocks performed well, with VIX, VND and SSI surging between 5% and 6.6%. They also boasted liquidity in the market with 68.8 million shares, 56.5 million shares and 45.2 million shares traded, respectively.

In the banking sector, key stocks made mild gains, at 1% to 2%. VCB closed up by 1.18%, contributing nearly positive 1.4 points to the VN-index.

On the Hanoi Stock Exchange, the HNX-Index surged by 5.05 points, a 2.23% increase, closing at 231.31 points, with 143 advancers and 36 decliners.

Total trading volume on the northern bourse reached 136.47 million units worth VND2.7 trillion, an 84% surge in volume and more than double the value compared to the session on December 1.

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