Electricity stocks increase 'hotly', chairman buys millions of shares

Electricity stocks rise sharply

On the stock market, electricity stocks are of interest amid the heat wave and power outages in the North. Electricity stocks such as LCG (Lizen JSC), BCG (Bamboo Capital JSC), PC1 (PC1 Group JSC), HDG (Ha Do Group JSC), KHP ( Khanh Hoa Electricity JSC)... all increased in price.

Notably, electrical equipment stocks traded positively. GEX of GELEX Group Corporation continued to extend its streak of 5 consecutive increasing sessions since the beginning of June, increasing by 15.7%, reaching VND19,100/share after closing on June 9.

Similarly, POT shares ( Postal Equipment Corporation) increased for 3 consecutive sessions from 18,100 VND/share on June 6 to 20,300 VND/share on June 9, equivalent to 12%. Meanwhile, DQC shares (Dien Quang Lamp Corporation) increased by 3% in 4 sessions, from 19,150 VND/share on June 5 to 19,800 VND/share after closing the weekend session.

The electricity sector also received positive news from the official approval of the Power Plan VIII. According to VNDirect Securities, businesses in the electricity infrastructure construction sector will benefit most clearly due to the relatively high workload, especially in the electricity and renewable energy sectors.

The power construction group, including power lines and transformer stations, will also have optimistic prospects. PC1, FCN (FECON JSC), and TV2 (Power Construction Consulting JSC 2) will be the businesses expected to benefit the earliest.

Renewable electricity 'save' real estate

Many real estate businesses, thanks to "switching" to wind and solar power, are seeing impressive revenue results in the first quarter of 2023, in the context of a sharp decline in real estate.

A typical example is Ha Do Group Corporation (HDG). This real estate company has entered the energy business early. To date, HDG has 2 solar power projects, 1 wind power project and 4 hydropower projects.

*In the first quarter, revenue from renewable energy grew strongly. (Photo: HDG)*

In the first quarter of 2023, HDG's net revenue reached VND956 billion, up nearly 40% over the same period and after-tax profit reached more than VND357 billion, up 21% over the same period last year. Notably, HDG's revenue contribution in this quarter came from the energy sector with revenue of VND543 billion, up 13% over the same period in 2021, while real estate revenue only reached VND312 billion.

Similarly, Sao Mai Group Corporation (ASM) recorded VND3,050 billion in net revenue in the first quarter, down 5% year-on-year. Of which, ASM's revenue from real estate in the first quarter reached VND32 billion, down more than 71% year-on-year, while revenue from solar power reached VND196 billion, up more than 27% year-on-year.

Or Bamboo Capital Joint Stock Company (BCG) is known for a series of urban and resort real estate projects,... But BCG is also known as a renewable energy business enterprise when owning 5 solar power projects and 2 wind power projects.

It is known that Phu My solar power plant of Bamboo Capital has "reached the finish line" first among the projects that missed the preferential price (FIT price) when it became the earliest transitional project recognized for commercial operation (COD).

Chairman buys 3 million shares

Northwest Power Investment and Development Joint Stock Company (NED) has just announced that Mr. Tran Van Huyen, Chairman of the Board of Directors, has registered to buy 3 million shares. The transaction is expected to take place from June 13 to July 12.

Before the transaction, Mr. Huyen owned more than 2.2 million shares, equivalent to 5.5%. Mr. Huyen is currently one of two major shareholders owning more than 5% of NED.

On the stock market, NED's stock price increased by 19% compared to the beginning of 2023. At the end of the trading session on June 9, NED's stock price reached VND 6,800/share.

At the end of the first quarter of 2023, NED had revenue and after-tax profit of VND 22 billion, up 24% and more than VND 3 billion, double the same period.

Recently, it was noted that Mr. Mai Danh Hien, General Director of Electricity Finance Joint Stock Company, bought 1.3 million EVF shares. The transaction took place from May 19 to June 7.

A stock skyrocketed more than 400%, real estate 'surged' Many real estate stocks in May increased by 100% in value. Notably, one stock increased by more than 400%.

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