Mr. Duc sells bananas and earns more than 330 billion VND

Hoang Anh Gia Lai Joint Stock Company (HAG) has just announced its business performance in the first 8 months of the year, with net revenue reaching 660 billion VND.

Of which, banana sales still brought in large revenue for Hoang Anh Gia Lai, reaching 338 billion VND, with an output of 30,900 tons. In the pig farming sector, the company exported 32,584 pigs, bringing in 182 billion VND. In addition, the company had ancillary revenue of 140 billion VND.

Recently, the Plant Protection Department sent a notice to the Departments of Agriculture and Rural Development that have official exports to China, requiring specialized agencies to strictly control the coded growing areas to protect export activities.

According to Hoang Anh Gia Lai, banana exports to China are still going on as usual. Meanwhile, the first season of durian has been harvested, so there is no product to export.

At the investor meeting, Mr. Doan Nguyen Duc (Bau Duc), Chairman of HAGL, said that the company planted about 1,200 hectares of durian trees, of which 700 hectares have been planted in the 4th and 5th years, meaning they can be harvested by the end of 2024. This year alone, the company harvested about 1,000 tons from 3 gardens, equivalent to 80 hectares.

Mr. Duc revealed that the first durian garden has been harvested with a revenue of 18 billion VND while the investment cost was 3.6 billion VND. Mr. Duc said he will send a box of durian to thank shareholders.

HAGL Chairman said that HAGL has bananas for harvest from November to June next year, the largest output, the highest price. He expects the price of bananas in November this year to be around 15-16 USD/barrel, while last year it was around 12-13 USD/barrel.

Bau Duc's company makes a profit from selling bananas.

Business News

The stock market has a number of other important events of listed companies.

* STB : Sacombank announced consolidated pre-tax profit for the first 8 months reached 6,157 billion VND, up 56% over the same period last year, completing 65% of the yearly plan.

* DAG : Dong A Plastic Group Corporation announced its mid-year audited consolidated financial statements for 2023. Dong A Plastic increased its net loss in the first half of 2023 by nearly 42 billion VND.

* GMD : Gemadept Corporation announced that it received a Decision from the Ho Chi Minh City Tax Department on administrative penalties for tax violations according to Government regulations during the 2017-2021 inspection period. GMD was fined and had to pay a total of nearly 3.6 billion VND.

* HHV : Deo Ca Transport Infrastructure Investment Joint Stock Company plans to offer shares at VND10,000/share, with an issuance ratio of 25%. The total value of proceeds from this issuance is estimated at more than VND820 billion, which will be used to contribute investment capital and supplement capital for production and business activities.

* TAN: Thuan An Coffee JSC has set the last registration date to close the list to receive cash dividends in 2022 at a rate of 12.8% (1 share receives 1,280 VND) on September 28. Payment date is October 13.

Transaction information

* IDP: Mr. Dinh Quang Hoan, Member of the Board of Directors of International Dairy Products Joint Stock Company, has just registered to buy 1.5 million shares during the period from September 22 to October 20, by negotiation and order matching.

* KPF: Mr. Nguyen Khanh Toan, Chairman of the Board of Directors of Koji Asset Investment JSC, registered to buy 3 million shares from September 26 to October 25, by order matching or negotiation, for investment purposes.

* MCP : Hon Ngoc Asia JSC bought more than 3.7 million shares of My Chau Printing and Packaging JSC. The transaction was made on September 19.

* EVS : Vietnam Value Investment Fund (VVIF2020) has registered to buy 5 million shares of Everest Securities JSC from September 21 to October 20.

* SHN : Ms. Nguyen Thi Thu Huong, Head of the Board of Supervisors of Hanoi General Investment Joint Stock Company, sold nearly 980,000 shares on September 13.

VN-Index

At the end of the session on September 20, VN-Index increased by 14.61 points (+1.21%) to 1,226.11 points. Total trading volume reached more than 878 million units, worth VND20,373.7 billion.

HNX-Index increased 4.6 points (+1.84%) to 254.82 points. Total matched volume reached 77.55 million units, worth VND1,691.24 billion.

UPCoM-Index increased 0.27 points (+0.3%) to 93.35 points. Total matched volume reached more than 44.77 million units, worth 733.2 billion VND.

Market commentary on September 21, Agriseco Securities said that VN-Index created a morning star candlestick pattern, signaling that the trend may reverse and increase again. The market may continue to accumulate and return to the 1,240 point zone in the coming period.

Investors should note that tomorrow's session is the September derivatives maturity date and the third quarter of 2023, so strong fluctuations may occur.

Investors should hold their portfolios and increase the proportion of leading stocks in support zones. Prioritize some industry groups with positive year-end business results expectations such as securities, steel and retail.

According to Yuanta Vietnam Securities, cash flow is showing clear signs of differentiation, mainly focusing on small and medium-cap stocks.

On the positive side, short-term risks have shown signs of decreasing and market breadth has shown signs of becoming more positive, indicating that investors are less pessimistic. Short-term risks have not yet completely decreased, so investors should not rush to buy again at this stage.

Durian prices have increased sharply, Mr. Duc has received good news . Durian prices have continuously increased sharply, with a sharp vision, Mr. Duc is one of the pioneering businessmen to grow this fruit tree and is benefiting.

Source