The only gold stock on the stock exchange just set a new record

In the morning session of August 19, the market continued to develop positively when VN-Index maintained its upward momentum above the resistance level of 1,260 points. In which, there was a great contribution from a stock in the VN30 basket.

Specifically, PNJ shares of Phu Nhuan Jewelry Company suddenly increased to the ceiling price of VND104,900/share, up 6.93% compared to the previous session. Notably, the liquidity of this code increased dramatically with a volume of more than 4.6 million shares traded in the morning alone. PNJ's stock price also reached a new peak, reaching the highest level in the past 5 years. The capitalization value of this enterprise on the stock market exceeded VND32,000 billion.

In another development, the price of 24K gold rings and jewelry gold of all kinds this morning also climbed to a new high. Currently, the price of gold rings and jewelry gold listed by PNJ is 76.85 million VND/tael for buying and 78.2 million VND/tael for selling, down about 200,000 VND/tael compared to yesterday.

Cổ phiếu vàng duy nhất trên sàn chứng khoán vừa lập kỷ lục mới- Ảnh 1. — The price of gold rings has skyrocketed by more than 24% since the beginning of the year, contributing to the revenue of businesses, including PNJ company.

Since the beginning of the year, the price of gold rings has increased by a total of VND15 million/tael (+24.1%). This is a very strong increase in the price of gold rings in one year. The sharp increase in gold prices has also helped increase the revenue of gold businesses.

PNJ's business results report for the first 6 months of 2024 showed that net revenue reached VND 22,113 billion and profit after tax reached VND 1,167 billion, up 34.3% and 7.4% respectively over the same period.

In 2024, PNJ aims to report after-tax profit of more than 2,000 billion VND, being a rare enterprise reporting a profit of thousands of billions in the gold market.

In terms of revenue structure, PNJ's business activities have seen consistent growth across all channels. Retail revenue in the first 6 months of the year increased by 14% over the same period, contributing 49.5% of total revenue. Wholesale jewelry revenue in the first 6 months of the year also increased by 20% over the same period.

Cổ phiếu vàng duy nhất trên sàn chứng khoán vừa lập kỷ lục mới- Ảnh 2. — Revenue from 24K gold contributed 42% to PNJ's total revenue in the first 6 months of the year.

In the report explaining the business results in the first 6 months of the year, which increased sharply compared to the same period last year, sent to the State Securities Commission, PNJ said that revenue and profit increased thanks to the company implementing many flexible marketing programs to effectively exploit market segments and optimize operations in production and business activities.

According to ACBS Securities Company, in the second half of this year and the outlook for 2025, PNJ is expected to continue to maintain growth thanks to the holiday season, year-end shopping and expectations of improved consumer purchasing power when the economic picture may be brighter.

However, growth in 2025 will no longer be as strong as this year's 24K gold segment, due to measures to reduce gold price differentials and tighter requirements for gold trading to prevent speculation in the market.