HoSE adds 3 more stocks with margin cut

The Ho Chi Minh City Stock Exchange (HoSE) has just announced that three more stocks are ineligible for margin trading.

Specifically, HoSE announced that 3 stocks, ASG, FRT, and SIP, have been added to the list of securities ineligible for margin trading, bringing the cumulative total to 78 ineligible securities.

Specifically, ASG shares of ASG Group Joint Stock Company are ineligible for margin trading because the net profit attributable to parent company shareholders in the audited consolidated semi-annual financial statement for 2023 was negative. For the first six months of 2023, ASG recorded a net profit attributable to parent company shareholders of negative VND 2.7 billion, compared to a positive VND 99.2 billion in the same period of the previous year.

In addition,FPT Digital Retail Joint Stock Company's FRT shares are also on the list of securities ineligible for margin trading for the same reason: the net profit attributable to parent company shareholders in the audited consolidated semi-annual financial statement for 2023 was negative.

For the first six months of the year, FPT Retail recorded a net loss attributable to parent company shareholders of VND 223.68 billion, compared to VND 211.27 billion in the same period last year.

HoSE adds 3 more stocks that are ineligible for margin trading.

According to the explanation, the company stated that in the first six months of the year, its subsidiary, Long Chau Pharmaceutical Joint Stock Company, opened 565 new stores compared to the end of Q2/2022, contributing significantly to the consolidated revenue growth of the entire company. However, Long Chau's current profits are not large enough to offset the losses from the parent company's ICT segment, resulting in a consolidated loss for the entire company.

Similarly, SIP shares of Saigon VRG Investment Joint Stock Company are also not eligible for margin trading due to being listed for less than 6 months, even though these shares were only listed on the HoSE on August 8th after delisting from UPCoM.

Earlier in July, the Ho Chi Minh City Stock Exchange also announced a list of 76 securities that were ineligible for margin trading in the third quarter of 2023.

These are mainly familiar stocks that are under warning or control status, such as ABS, APC, AST, BCE, CIG, DXV, EVG, FDC, GMC, HVN, ITA, LDG, OGC, POM, PPC, PVP, SCD, SJF, TDH, TGG, TTF, VCA, VNL,... .

Source: https://www.nguoiduatin.vn/hose-bo-sung-them-3-ma-co-phieu-bi-cat-margin-a621110.html