The reference price on the first trading day of AIG shares was VND63,000/share, with 170.6 million shares traded, estimating Asia Group's capitalization to be over VND10,748 billion.
However, at the end of the trading session on December 18, AIG shares of Asia Raw Materials Corporation slid to the bottom at only VND45,500/share. Compared to the time of listing, this stock has "evaporated" 28% of its market value.
Thus, compared to the reference price, market capitalization was blown away by more than 3,000 billion after more than a month, remaining at nearly 7,700 billion VND.
In the morning trading session on December 19, AIG stock price slightly increased by 2.66% to VND 46,300/share, but was still very low compared to the reference price of the first trading session.
 |
| Illustration |
Before going public, AIG was valued at VND10,748 billion. With this capitalization, AIG has entered the group of large-capitalized enterprises in the food and beverage (F&B) sector on the Vietnamese stock market.
However, the trading performance in the first sessions shows that investors are not very "interested" in this food ingredients industry stock.
Regarding business results, in the third quarter of 2024, AIG recorded net revenue of VND 3,112 billion, up 7% over the same period and profit after tax of VND 203 billion, up nearly 10%.
Accumulated in the first 9 months of the year, AIG's net revenue reached VND8,891 billion, up 3% and after-tax profit reached VND634 billion, up 10% over the same period last year.
In 2024, the company plans to have net revenue of nearly VND 12,950 billion and after-tax profit of nearly VND 890 billion. Thus, ending the first 9 months of the year with after-tax profit of VND 634 billion, Asia Group has completed 71.3% of the yearly plan.
The company's total assets currently reach VND9,727.7 billion, of which liabilities are at VND4,050 billion.
Comment (0)