Hanoi Alcohol and Beverage Joint Stock Company (Halico, code: HNR) - owner of Vodka brand - has just announced its financial report for the fourth quarter of 2023 with net revenue reaching 32 billion VND, down 7% compared to the same period last year.

In this quarter, HNR's cost of goods sold decreased by 14%, thus helping HNR escape the situation of operating below cost of goods sold and gross profit reached more than VND 10 billion, up 15% over the same period in 2022.

However, during the period, HNR's selling expenses increased, causing the company to have a net loss of more than VND 4 billion. This is also the 27th quarter of loss for HNR (since the second quarter of 2017).

At the end of 2023, HNR was burdened with management and sales costs, leading to an accumulated loss for the year of nearly 10 billion VND, a decrease of more than 13 billion VND compared to 2022. This is also the 8th year of loss since 2016.

In 2023, Halico targets net revenue of more than VND 126 billion, up 14% compared to 2022. The company expects a pre-tax loss of nearly VND 15 billion. Thus, although HNR has not been able to end its continuous loss streak, 2023 is a successful year for HNR as net loss is lower than planned.

After many years of losses (since the second quarter of 2017), HNR's accumulated loss reached nearly 458 billion VND by the end of 2023.

Also according to the financial report for the fourth quarter of 2023, by the end of 2023, HNR recorded total assets of VND 376 billion, down 3% compared to the beginning of the year. Fixed assets also decreased by 18%, to more than VND 88 billion.

Halico was formerly the Hanoi wine factory, built by the French wine company Fontaine in 1898. This was the largest of the five factories built in the Indochina region at that time.

At the end of the trading session on January 16, HNR shares reached 12,000 VND/share.

Business News

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

* TRC: Tay Ninh Rubber Joint Stock Company announced its financial statements for the fourth quarter of 2023 with net revenue reaching VND 235.1 billion, up 29% year-on-year; net profit increased 68% year-on-year to VND 49.7 billion. Thereby, completing the profit plan for 2023.

* CDN: Danang Port Joint Stock Company has just announced its financial statements for the fourth quarter of 2023, with net revenue reaching nearly 331 billion VND, down slightly by 1% over the same period; profit after tax decreased by 6% over the same period, to more than 70 billion VND.

* BWE: Binh Duong Water and Environment Corporation has just announced its preliminary business results for 2023 with total revenue estimated at VND 3,977 billion, up 2% compared to 2022 and completing 100.2% of the yearly plan; profit after tax is estimated at VND 601 billion, down 12% compared to 2022 and achieving more than 83% of the yearly profit target (VND 720 billion).

* TDM: Thu Dau Mot Water Joint Stock Company has announced its preliminary business situation in 2023. Total revenue is estimated at nearly 657 billion VND and profit after tax is about 284 billion VND, up 30% and 29% respectively compared to 2022.

* AGP: Agimexpharm Pharmaceutical Joint Stock Company announced its financial statements for the fourth quarter of 2023 with revenue reaching VND 204 billion, down 3% year-on-year and profit after tax reaching VND 44 billion, up 2% year-on-year.

* TCT: On January 13, the Board of Directors of Tay Ninh Ba Mountain Cable Car Joint Stock Company approved more than 664 billion VND in total investment for the cable car project serving Ba Den Mountain tourism, in Ninh Phu quarter, Ninh Son ward, Tay Ninh city.

* S4A: Se San 4A Hydropower JSC announced the closing date for receiving the 2nd interim dividend payment in cash in 2023 at a rate of 12%. The ex-dividend date is January 18. The expected payment date is January 31.

* VNC: The State Capital Investment Corporation (SCIC) announced that it will sell all 3.15 million shares it holds at Vinacontrol Group Corporation, expected to be sold between January 16 and February 7.

* KBC: The Dragon Capital foreign investment fund group net bought a total of 750,000 KBC shares on January 11. After the transaction, the ownership ratio of the entire Dragon Capital group at KBC increased to 5.07%, equivalent to nearly 39 million shares.

VN-Index

At the end of the trading session on January 16, VN-Index increased by 9 points (+0.78%) to 1,163.12 points, HNX-Index increased by 1.95 points (+0.86%) to 229.5 points, UpCOM-Index increased by 0.41 points (+0.48%), to 87.02 points.

According to Beta Securities Company, VN-Index is still maintaining a short-term positive trend. Technical indicators show that the market is still maintaining positive signals, but the possibility of fluctuations and adjustments is also very high.

In the coming period, if the cash flow participates actively and has a spreading and consensual nature, it is likely that the VN-Index will soon move towards the resistance zone of 1,180-1,200 points, while the zone of 1,140-1,150 points will play a supporting role.

Similarly, Yuanta Vietnam Securities Company commented that the market may continue to increase and the VN-Index may retest the resistance level of 1,169 points in the next session.

At the same time, the market is still in a short-term accumulation phase, so the price chart may still have a correction when the VN-Index enters the resistance level of 1,169 points. In addition, the short-term sentiment indicator continues to decrease, showing that investors are still pessimistic about the current market developments.

Having just issued shares at a 'cheap' price, the company paid out huge dividends . Having just generously decided to issue ESOP shares 25 times lower than the market price, International Milk Joint Stock Company spent hundreds of billions of VND to pay cash dividends at a high rate of up to 85%.