Hoang Anh Gia Lai Joint Stock Company (HAG) has just announced information on stock transactions. Accordingly, Ms. Doan Thi Nguyen Xuan, sister of Mr. Doan Nguyen Duc, Chairman of the Board of Directors (Bau Duc) registered to sell 80,000 shares.

Trading time from January 11 to February 9, by negotiation or order matching on the floor. The purpose is to balance personal finances. If the transaction is successful, Ms. Xuan will still hold 73,593 shares, a ratio of 0.008%.

On the other hand, Ms. Doan Hoang Anh, daughter of Mr. Duc, registered to buy 1 million HAG shares through order matching on the stock exchange. The transaction period for buying the above shares is from December 25, 2023 to January 23. After the transaction, her expected ownership ratio is 11 million shares, accounting for 1.19%.

HAG shares have increased sharply recently, from below VND 8,000/share at the end of September 2023 to VND 13,000/share on January 8. The breakthrough for more than 2 consecutive months brought HAG shares to a 3-year peak.

Recently, Bau Duc’s company has continuously announced information about selling many assets to pay off debts. Hoang Anh Gia Lai has sold many assets such as hotels, hospitals, etc.

In addition, information that helped HAG shares skyrocket was Eximbank reducing interest debt by more than VND 1,400 billion for Gia Lai Livestock Joint Stock Company - a subsidiary of HAGL. With this move, HAGL will be included in its 2023 profit, thereby estimating the full-year profit to reach VND 2,150 billion, double the plan.

Listed company news

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

* BAB : On January 11, Bac A Bank closed the transaction without the right to receive dividends in 2022. Dividends will be paid in shares at a ratio of 1,000:75 (shareholders owning 1,000 shares will receive 75 new shares).

* PSE : Southeast Petroleum Fertilizer and Chemicals Joint Stock Company approved the 2024 business plan with a target of total revenue of more than VND 3,184.4 billion, after-tax profit of VND 18.24 billion, and dividend at a rate of 10%.

* VBB : Vietbank offers 100,000 bonds to the public in the third round, equivalent to 1,000 billion VND. The interest rate applied to the bonds is the floating interest rate, calculated by the reference interest rate plus a margin of 2.5% for the first 5 years and a margin of 3.5% for the last 2 years.

* ORS: Tien Phong Securities Corporation - TPS has just announced an additional public offering of shares to increase its charter capital to VND3,000 billion. TPS plans to raise an additional VND1,000 billion through the offering of 100 million shares, at an offering price of VND10,000/share.

* BCR: Mr. Nguyen Ho Nam, Chairman of the Board of Directors of Bamboo Capital Group Corporation, transferred 20 million BCG Land shares owned by himself to arrange finance to support investment in the group's renewable energy projects. The expected transaction time is from January 11 to February 10.

* BMC : Binh Dinh Provincial Party Committee Office, a major shareholder of Binh Dinh Minerals JSC, registered to sell more than 1.16 million shares from January 11 to January 31 by negotiation and order matching.

* FCN : Mr. Tran Trong Thang, Vice Chairman of the Board of Directors of Fecon JSC, registered to sell 350,000 FCN shares from January 11 to February 9 by negotiation and order matching.

* DBC: Ms. Nguyen Thi Tan Hoa, daughter of Mr. Nguyen Nhu So, Chairman of the Board of Directors of Dabaco Vietnam Group Joint Stock Company, registered to sell 1 million shares from January 11 to February 7 by negotiation and order matching.

* TDG : Mr. Le Minh Hieu, General Director of TDL Global Investment JSC, sold more than 681,000 shares from December 7, 2023 to January 5 by order matching method.

VN-Index

At the end of the session on January 8, VN-Index increased by 5.51 points (+0.48%), to 1,160.19 points. Total trading volume reached 905.4 million units, worth more than 16,300 billion VND.

HNX-Index increased 0.57 points (+0.24%), to 233.33 points. Total matched volume reached 82.78 million units, worth VND1,652 billion.

UPCoM-Index decreased 0.14 points (-0.16%) to 87.79 points with 155 stocks increasing and 108 stocks decreasing. Total matched volume reached approximately 31.66 million units, worth 408 billion VND.

Commenting on the market, VietCap believes that stocks will continue to fluctuate and differentiate, in which the VN-Index may decrease slightly to test the 1,155-1,160 point area that has just been surpassed.

After that, if cash flow is strongly pushed into large-cap stocks, VN-Index may reverse and increase again at the end of the day or in the following sessions, heading towards the next resistance zone at 1,190-1,195 points.

According to Yuanta Vietnam, the market is likely to continue its upward momentum in the next session and the strong resistance zone of VN-Index is 1,185.70-1,216 points.

Short-term risks remain low. Liquidity will remain high in the coming sessions. Large-cap stocks may experience corrections as the VN30 index approaches the resistance level of 1,180 points.