Spending 1,300 billion to buy stocks, foreign tycoon lost 80 billion after 3 days

Foreign shareholder PSA Cargo Solutions Vietnam Investment Pte, Ltd has just reported the transaction of STG shares of Southern Logistics Corporation (Sotrans). On May 19, PSA bought more than 24.4 million STG shares, 24.9% of charter capital.

According to data on the floor, foreign investors bought through agreements, with a total value of nearly 1,300 billion VND, equivalent to an average price of 52,520 VND/share.

Closing session on May 25, STG stock price was 49,250 VND/share. This foreign investor lost 80 billion VND.

PSA Cargo Solutions Vietnam Investment Pte, Ltd, established on May 19, 2022, in Singapore. This organization did not own any STG shares before the transaction and there are no individuals/organizations directly related to the company.

Regarding foreign investors, the group of foreign shareholders managed by Dragon Capital at Khang Dien House Investment and Trading JSC (KDH) announced that they had purchased 300,000 shares on May 22. Thereby, increasing the group's total ownership to more than 78.96 million shares, equivalent to 11.01%.

Foreign tycoons pool money to buy stocks. (Photo: Hoang Ha)

Business News

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

* HoSE : During the 2 days of May 30-31, a series of stocks were transferred to the UPCoM floor. These codes are L35 of Lilama Mechanical and Machinery Installation JSC, LM7 of Lilama 7 JSC, BII of Bao Thu Industrial Investment and Development JSC, VTL of Thang Long Wine JSC. Most of these codes were previously delisted.

* CAP : Yen Bai Forestry and Agricultural Products Joint Stock Company (CAP) has just announced its mid-year audited financial statements for 2022-2023. In the first 6 months of the 2022-2023 fiscal year, the company achieved net revenue of 343 billion VND, an increase of 30% over the same period last year. Net profit for the first 6 months reached over 55 billion VND.

* TTA : Truong Thanh Construction and Development Investment Joint Stock Company (TTA) approved the suspension and cancellation of the transfer of Suoi Sap 2 Hydropower Project from Truong Thanh Construction Company Limited.

* SJ1 : Hung Hau Agriculture Joint Stock Company closes the list of shareholders to receive cash dividends in 2022 at a rate of 6% on June 2. Payment date June 20.

* PGD : Vietnam Oil and Gas Low Pressure Gas Distribution Joint Stock Company (PGD) approved the plan to issue nearly 9 million shares to increase capital from equity capital at a rate of 10%. Expected implementation time in the third quarter of 2023.

* FRT : FPT Digital Retail JSC (FRT) announced that the ex-dividend date for 2022 is June 6. The last registration date is June 7. Dividends will be paid in cash at a rate of 5%, starting from June 27.

* HBC : Hoa Binh Construction (HBC) and Thai Holding signed a general contractor contract to construct the social housing project at Lac Vien Warehouse 3. The total value of this contract is over 3,000 billion VND.

Stock Trading

* PDR : Mr. Bui Quang Anh Vu, General Director of Phat Dat Real Estate Development Corporation reported the successful sale of nearly 19 million PDR shares. Trading period from May 22 to May 25, through order matching method.

* HQC : Viet Kien Truc JSC has just announced that it has sold all of nearly 1.5 million HQC shares of Hoang Quan Real Estate Consulting Trading Services JSC by order matching method in 2 days 24-25/5.

* NVL : Diamond Properties JSC, the second largest shareholder of No Va Real Estate Investment Group JSC (Novaland), had 92,802 NVL shares sold for mortgage from May 19 to May 23. After the transaction, this unit's ownership ratio at NVL is 10.35% of charter capital, equivalent to more than 202 million shares.

* DDG : Ms. Tran Kim Sa, General Director of Dong Duong Import-Export Investment JSC, sold more than 678,000 DDG shares from May 12 to May 16 by order matching method. After the transaction, Ms. Sa still owns more than 2.3 million shares, accounting for 3.84%.

VN-Index

At the end of the session on May 25, VN-Index increased by 2.84 points (+0.27%), to 1,064.63 points. Total trading volume reached more than 669.5 million units, worth VND 11,703.9 billion.

HNX-Index increased 0.82 points (+0.38%), to 216.78 points. Total matched volume reached more than 81.5 million units, worth VND1,510.9 billion.

UpCoM-Index decreased 0.22 points (-0.27%) to 80.71 points. Total matched volume reached more than 39 million units, worth 430.4 billion VND.

According to BIDV Securities, the market continues to accumulate in the 1,060-1,070 point range. Cash flow is still tending to rotate between sectors and focusing on certain codes in each sector. The market is expected to rebound after this accumulation trend ends.

SHS Securities recommends that short-term investors can still consider buying during correction sessions for stocks that attract cash flow and move positively, however, they should maintain the proportion at an average level.

For medium and long-term investors, periods of market correction are still opportunities to accumulate more stocks towards the explosive phase after accumulation.

Medium and long-term disbursement targets should be aimed at leading stocks, stocks that are accumulating and not deeply adjusted, and have expectations of continued business growth.

Losing billions of dollars, Vietnam's highest-priced stock is restricted from trading . Vietnamese tech unicorn is restricted from trading due to late submission of financial reports. VNZ shares have fallen 45% since their peak but still have the highest price on the Vietnamese stock exchange.

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