Stunned by the increase in Quoc Cuong Gia Lai (QCG) stock

ANTD.VN - Despite the lack of any significant news regarding its business operations, QCG shares of Quoc Cuong Gia Lai have continued to surge for over a week.

In just the last 8 trading sessions, QCG shares of Quoc Cuong Gia Lai Joint Stock Company have increased by more than 57%, reaching the current price of 11,150 VND/share. Of these, QCG recorded 4 sessions with the maximum allowed price increase, while the remaining sessions mostly closed near the ceiling price.

What has baffled many investors is QCG's rapid price increase, but the driving force remains unclear, as Quoc Cuong Gia Lai has not yet released any new information or revealed its Q3 business results.

Quoc Cuong Gia Lai's stock surged despite the absence of any significant news.

At this price level, Quoc Cuong Gia Lai's stock has returned to the price range of mid-July, before the company's former CEO, Ms. Nguyen Thi Nhu Loan, was prosecuted in connection with the 39-39B Ben Van Don project in District 4, Ho Chi Minh City.

According to the audited semi-annual financial report for 2024, Quoc Cuong Gia Lai achieved revenue of 65 billion VND in the first six months of the year, a decrease of 69% compared to the same period last year. After deducting expenses, Quoc Cuong Gia Lai incurred a net loss of nearly 17 billion VND.

According to the company's updated semi-annual management report, as of July 30th, Ms. Nguyen Thi Nhu Loan still owned approximately 102 million QCG shares. Her son, Mr. Nguyen Quoc Cuong, currently the General Director, held a modest 537,500 QCG shares.

Mr. Cuong's sister, Ms. Nguyen Ngoc Huyen My, owns 39.38 million shares; her husband, Mr. Lau Duc Duy, owns 10.54 million QCG shares.

Source: https://www.anninhthudo.vn/choang-vang-voi-da-tang-cua-co-phieu-quoc-cuong-gia-lai-qcg-post593258.antd