Tri Viet Securities Corporation (HoSE Code: TVB) was formerly known as Pacific Securities Corporation, established in 2006. The company caused a stir in the investment community when it was involved in the "price inflation" of Louis family stocks. Several individuals holding high positions in Tri Viet Securities, notably General Director Do Duc Nam, were also arrested on charges of stock market manipulation.
Securities of Tri Viet Securities Corporation (TVB) were put on warning list (Photo TL)
Recently, shares of Tri Viet Securities JSC have also been put on warning status by the Ho Chi Minh City Stock Exchange (HoSE) from June 27, 2023. The reason is because the undistributed profit after tax on TVB's 2022 audited financial statements is negative.
Specifically, in the 2022 financial statements, Tri Viet Securities' operating revenue decreased from VND 434 billion to only VND 154 billion, equivalent to a decrease of 64.5%. After-tax profit was recorded as negative VND 318 billion while in 2021 it was still making a profit of VND 299 billion.
The company's undistributed profit after tax as of December 31, 2022 was negative VND 182 billion, a sharp decrease compared to VND 241 billion at the beginning of 2022. Tri Viet Securities' total assets also decreased from VND 1,805 billion to only VND 999 billion.
In addition, TVB is also subject to restricted trading due to the delay in disclosing audited financial statements for 2022, more than 45 days after the prescribed deadline.
In the trading session on June 22, 2023, TVB stock code is trading around VND 6,350/share, nearly double the bottom created in November 2022.
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