SHS Securities leaders sold all shares when the price doubled

Recently, a senior leader of Saigon - Hanoi Securities Joint Stock Company (HNX: SHS) registered to sell all SHS shares.

Specifically, Mr. Nguyen Chi Thanh - Deputy General Director of SHS registered to sell all of his shares, 1,112,500 shares, reducing his ownership from 0.14% to 0% of charter capital. The transaction was carried out from August 7 to August 24, 2023, by negotiation and order matching on the floor.

After the transaction, Mr. Thanh will no longer be a shareholder of Saigon - Hanoi Securities. Based on the current trading price of SHS shares, it is estimated that Mr. Nguyen Chi Thanh will receive VND 20.2 billion after selling all shares.

Previously, another shareholder also divested all of her capital at SHS to meet her personal financial needs. Specifically, Ms. Nguyen Thuy Hanh Mai, the person authorized to disclose information of the company, sold all 178,614 SHS shares she held, a ratio of 0.02%, between July 4 and July 5.

Finance - Banking - SHS Securities leaders sold all shares when the price doubled — SHS stock performance over the past year (Source: TradingView).

On the stock market, at the end of the trading session on August 30, SHS shares are currently up 3.39% to VND 18,300/share. Since the beginning of the year, this stock has been increasing steadily, with the market price twice as high as the bottom in mid-March 2023.

Regarding the financial picture, according to the audited report for the first 6 months of 2023, SHS Securities achieved total operating revenue of VND 985.5 billion, an increase of 55% over the same period last year, pre-tax profit reached more than VND 224.5 billion, a significant improvement compared to the loss of nearly VND 86.5 billion in the first half of 2022. Thus, compared to the achieved results, SHS has achieved 51% of the revenue target and 20% of the annual profit target, respectively.

By the end of the second quarter, SHS's total assets decreased slightly compared to the beginning of the year to VND10,771 billion, of which the company's cash and cash equivalents reached VND302 billion, a sharp decrease compared to VND1,039 billion, showing that the company disbursed quite a large investment in the second quarter.

Margin debt tends to decrease sharply, 5 times higher than at the beginning of the year to 5.7 billion VND, while at the beginning of 2023 it was more than 27 billion VND .

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