ANTD.VN - Yeah1 Group Corporation (stock code: YEG) has just issued a document explaining the stock price increasing to the ceiling for 5 consecutive sessions from December 17, 2024 to December 23, 2024.
In a document sent to the Ho Chi Minh City Stock Exchange (HoSE), Yeah1 said: According to the Company's assessment and evaluation, YEG shares have increased to the ceiling for 5 consecutive trading sessions due to objective supply and demand developments in the stock market.
“The stock trading price is determined by the market and is beyond the control of the Company. The Company’s business activities are still taking place normally, according to the set plan and there are no unusual fluctuations in the Company’s operations,” Yeah1’s explanatory document said.
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Yeah1's YEG shares hit the ceiling for the sixth consecutive session |
Also according to Yeah1, in recent times, the Company has actively restructured comprehensively, focusing on developing key business segments. Including the production and broadcasting of programs on digital platforms, creating social media effects. The success of the programs and other business segments has contributed to improving the Company's business results compared to the previous period.
Yeah1 commits not to have any impact affecting the trading price of YEG shares on the stock market.
Previously, HOSE had sent a document requesting Yeah1 to explain why its stock price continuously increased to the ceiling for 5 consecutive sessions, from December 17 to December 23, 2024.
As of today's session (December 24), YEG continued to increase its ceiling price for the 6th session to VND 21,700, recording an increase of more than VND 970 billion in market capitalization after only 6 sessions. Compared to the beginning of December 2024, YEG has nearly doubled.
The stock price increase came after the resounding success of the concert series “Anh trai vu ngan cong gai” (The brother who overcomes thousands of obstacles) sponsored by Yeah1.
Previously, "Beautiful Sister Riding the Wind and Breaking the Waves" aired at the end of 2023 marked the return of the Yeah1 brand to the television entertainment market, the YouTube incident in 2018.
At the 2024 Annual General Meeting of Shareholders, Yeah1 leaders said that good preparation from the beginning helped the program attract sponsorship from major brands in the fields of finance - banking, aesthetics, food, etc.
The group recorded 91 billion VND in television revenue in 2023, up 25% year-on-year, mainly from the show Chi Dep. However, the large investment cost caused Yeah1 to lose 9 billion VND for this show.
In 2024, Yeah1 said it will continue to "bet" on the show Chi dep season 2 and the show Anh trai vu ngan cong gai. Of which, the show Anh trai vu ngan cong gai was copyrighted by Yeah1 to the show Call me by fire from Mango channel, China.
In the third quarter of 2024, the Company's revenue was over VND 345 billion - an increase of more than 3 times and Yeah1's after-tax profit reached VND 56 billion, an increase of 351% over the same period. According to the explanation, the sharp increase in profit was due to revenue from advertising and media consulting activities growing by 218%.
Source: https://www.anninhthudo.vn/co-phieu-lien-tuc-tang-tran-nha-san-xuat-anh-trai-vuot-ngan-chong-gai-noi-gi-post599306.antd
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