Recently, the Ho Chi Minh City Stock Exchange (HoSE) announced the addition of TYA, a subsidiary of Taya Vietnam Wire and Cable Joint Stock Company, to the list of companies ineligible for margin trading. The reason is that the after-tax profit in the audited semi-annual financial statements for 2023 was negative.
Specifically, according to the audited consolidated semi-annual financial statements for 2023, the company incurred a loss of over 6 billion VND. This figure is higher than the nearly 4 billion VND loss reported in the company's self-prepared financial statements.
Accordingly, the number of securities subject to margin calls on HoSE increased to 86. Similar to TYA, many other stocks also recently fell under margin call restrictions after publishing their semi-annual audited reports.
Among them, those reporting negative after-tax profits in their semi-annual financial statements include APG of APG Securities Joint Stock Company, DC4 of DIC Holdings Construction Joint Stock Company, HVX of Vicem Hai Van Cement Joint Stock Company, SMA of Saigon Equipment and Spare Parts Joint Stock Company, etc.
Furthermore, another reason why stocks are subject to margin calls on HoSE is that the audited financial statements contain an opinion that is not a full acceptance opinion from the auditing firm. This is the case with DAH of Dong A Hotel Group JSC and SPM of SPM JSC.
In addition, many companies are ineligible for margin trading because they have not been listed for at least six months, such as ADP shares of Son A Dong JSC and SIP shares of Saigon VRG Investment JSC…
Similarly, the Hanoi Stock Exchange (HNX) has been continuously updating the list of stocks whose margin trading has been suspended in recent days.
A number of stocks, such as EVS of Everest Securities Joint Stock Company, BTS of Vicem But Son Cement Joint Stock Company, and most recently PEN of Construction and Installation III - Petrolimex Joint Stock Company, have been placed on the list of stocks ineligible for margin trading. The main reason stems from negative after-tax profits in the audited semi-annual financial statements .
Thu Huong
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