After running out of profits from real estate, the livestock tycoon lost 94% of his profits.

In the third quarter, Dabaco Vietnam Group Joint Stock Company (DBC) achieved net revenue of more than VND2,700 billion, but after-tax profit was only nearly VND13 billion, down 94% over the same period.

Dabaco said that in the last quarter, the world and domestic economic situation continued to develop complicatedly, inflation remained a major challenge.

The domestic livestock epidemic situation is still complicated, but the livestock companies of the group have controlled the epidemic, accordingly, the production and business results of the livestock units in the group achieved better results than the same period last year.

Because in the same period last year, the parent company recorded a portion of revenue and profit from real estate business activities, leading to a difference in business results between the two accounting periods.

In the first 9 months of the year, the livestock giant recorded net revenue of VND8,500 billion and net profit of VND19 billion, down 92% over the same period.

As of September 30, Dabaco had VND6,300 billion in short-term assets, down VND700 billion compared to the beginning of the year. Most of them were inventories, at VND4,700 billion. Cash and short-term financial investments were nearly VND900 billion.

Listed company news

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

* ASG : ASG Group Corporation approved the plan to issue more than 15.13 million shares to existing shareholders at a ratio of 100:20, price of 10,000 VND/share. Expected implementation time is in 2023-2024.

* BTG : Mr. Ngo Si Tuan Phuong, Chairman of the Board of Directors of Tien Giang Packaging Joint Stock Company, has submitted a resignation letter. The reason Mr. Phuong gave was to focus on professional work at the Organization Board of the Southern Food Corporation - Joint Stock Company (Vinafood II).

* AMD : FLC Stone Investment and Minerals JSC announced that it has received a request to resign from the position of Permanent Vice Chairman of the Board of Directors and the position of Member of the Board of Directors of Mr. Nguyen Duc Cong from October 21, due to the reason of not being able to arrange personal work.

* NBB : My Steel Trading and Services Company Limited has just purchased an additional 486,622 shares of Nam Bay Bay Investment JSC, the transaction was made on October 20. After the transaction, this organization holds 5.2% of charter capital, becoming a major shareholder.

* PVI : HDI Global SE, a major shareholder of PVI Corporation, registered to buy 1 million shares from October 30 to November 28 by negotiation and order matching. This organization is holding more than 90.1 million shares, accounting for 38.47%.

* DXG : A group of major shareholders managed by Dragon Capital at Dat Xanh Group Corporation bought 3.5 million DXG shares on October 19. This group currently holds 96.16 million shares, accounting for 5.1%.

* MBB : SCIC Investment Company Limited, a shareholder of the Military Commercial Joint Stock Bank, bought 1.62 million shares from September 25 to October 24, using the order matching method.

* VNS : Ms. Nguyen Kim Phuong has sold 300,000 shares of Anh Duong Vietnam JSC and is no longer a major shareholder since October 20.

* ADP : On November 15, Son A Dong Joint Stock Company closed the final registration to close the list to receive the second cash dividend for the fiscal year 2023 at a rate of 6% (1 share receives 600 VND). Payment date is December 6.

* ITA : Saigon-Mekong Urban Investment Corporation has just registered to sell all 31.88 million shares of Tan Tao Investment and Industry Corporation. Transaction time is from October 26 to November 24.

VN-Index

At the end of the session on October 25, VN-Index decreased by 4.24 points (-0.38%), down to 1,101.66 points. HNX-Index decreased by 1.89 points (-0.83%), down to 227.01 points with 65 stocks increasing and 92 stocks decreasing. UPCoM-Index increased by 0.03 points (+0.04%), up to 85.57 points.

Market assessment, according to Vietnam Construction Securities (CSI), VN-Index is still looking for a balance point around the support level of 1,080 points. CSI maintains its view of holding stocks that have been purchased to explore around the support level of 1,080 points previously. Increase the proportion of stocks that have made profits in the coming sessions when the general market fluctuates.

SHS Securities believes that the market has not yet clearly confirmed the short-term trend. Short-term investors should continue to monitor the market in the coming sessions and should only disburse with a low proportion if the VN-Index recovers and confirms the W bottom pattern. Medium and long-term investors should continue to hold the current portfolio.

Vietcombank Securities (VCBS) recommends that investors remain cautious. Prioritize taking advantage of market bounces to disburse capital for stocks that are still available in the account. Do not increase the proportion of stocks at the present time.

The State Securities Commission has just decided to fine a company nearly 1 billion VND for illegally selling shares of a bird's nest company without reporting it.

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