Despite receiving double the salary, the leader of Dam Sen Water Park still resigned.

VietNamNet•08/11/2023

Mr. Nguyen Quoc Anh's resignation letter from the position of Vice Chairman of the Board of Directors of Dam Sen Water Park Joint Stock Company (DSN) was submitted to the Board of Directors in early November.

The Board of Directors of Dam Sen Water Park has approved the resignation request and will submit it to shareholders for approval at the 2024 Annual General Meeting, scheduled to be held on January 30, 2024.

Mr. Nguyen Quoc Anh (born in 1966) holds a Bachelor's degree in Economic Law and is originally from Ho Chi Minh City. He was elected to the Board of Directors of Dam Sen Water Park for the third term (2013-2017) and has held the position of Vice Chairman from that time until now.

Dam Sen stock.png — *The head of Dam Sen Water Park has unexpectedly resigned.*

At the 2023 Annual General Meeting, Mr. Nguyen Quoc Anh was re-elected to the Board of Directors for the fifth term (2023-2028).

It is known that Mr. Nguyen Quoc Anh is also a founding member and a major shareholder, owning 33.54% of the charter capital.

In addition, Mr. Nguyen Quoc Anh also holds the position of Member of the Board of Directors of Thu Duc Tourism Services Joint Stock Company; Member of the Board of Directors of Saigon Dong Ha Tourism; Member of the Board of Directors of Saigon Da Lat Tourism…

According to the consolidated financial statements for the third quarter of 2023, Mr. Nguyen Quoc Anh received income of over 762 million VND in the first nine months of the year, 2.2 times higher than the same period in 2022.

In terms of business results, Dam Sen Water Park achieved a net profit of nearly 33 billion VND in the third quarter of 2023, a decrease of 24% compared to the same period last year.

For the first nine months of the year, Dam Sen Water Park's net revenue reached VND 224 billion, a 6% increase compared to the same period last year and exceeding the annual plan by 7%. Net profit remained unchanged at nearly VND 100 billion.

At the close of trading on November 8th, DSN shares reached 53,700 VND/share.

Business news

The stock market also has several other important events for companies listed on the exchange.

* TVN : Vietnam Steel Corporation – JSC has announced that it is seeking shareholder opinions in writing regarding the adjustment of its 2023 business plan. TVN plans to adjust the parent company's pre-tax profit target from 52 billion VND down to 1 billion VND.

* DDG : According to the consolidated financial statements for Q3/2023, Indochina Industrial Investment and Import-Export Joint Stock Company achieved a net profit of VND 1.6 billion. The cumulative loss for the first nine months reached VND 192 billion.

* IMP: Imexpharm Pharmaceutical Joint Stock Company will spend VND 67 million/year, equivalent to approximately VND 200 billion during the 2024-2026 period, to reward key personnel instead of issuing 3.3 million ESOP shares as initially planned.

* SHS: Mr. Tran Sy Tien, Deputy General Director and Chief Accountant of Saigon - Hanoi Securities Joint Stock Company, has registered to sell all of his more than 1.1 million shares. The transaction is expected to take place from November 10th to December 10th. The reason for selling is to meet personal financial needs.

* MAC: Marine Technical Supply and Services Joint Stock Company approved the purchase of additional shares by TM Holding Fund Company Limited and related organizations and individuals to increase their ownership to 65% through order matching/agreement purchase.

* GVR: In Q3/2023, Vietnam Rubber Industry Group's net revenue reached over VND 6,195 billion, a 6% increase compared to the same period last year; net profit was VND 312.8 billion. For the first nine months of the year, GVR recorded net revenue of nearly VND 14,489 billion, a decrease of 11%; and net profit of VND 1,421 billion, a decrease of 51%.

* PC1: PC1 Group Joint Stock Company announces the record date for the 2022 dividend payment in shares at a rate of 15% (equivalent to 41 million shares). The ex-dividend date is November 22nd.

VN-Index

At the close of trading on November 8th, the VN-Index rose 33.14 points (+3.07%) to 1,113.43 points, the HNX-Index rose 8.74 points (+4%) to 227.03 points, and the UpCOM-Index rose 1.56 points (+1.84%) to 86.17 points.

According to Vietcombank Securities (VCBS), from a technical perspective, the VN-Index closed on November 9th with a strong upward candlestick. On both the daily and hourly charts, most indicators are trending positively upwards due to strong buying pressure and have not yet shown signs of forming a further peak.

Given the current developments, the VN-Index may maintain a positive trend, but there will be divergence in the short term.

According to Tan Viet Securities (TVSI), with the recent surge, the VN-Index has the opportunity to form a new upward trend instead of just a recovery as before.

Sectors that experienced short-term corrections yesterday, such as banking, steel, real estate, and securities, have all rebounded strongly, helping the index completely break through its previous short-term resistance levels and head towards higher targets.

During the trading session on November 9th, the index will retest the 200-day moving average, converging with the January peak around 1,115-1,125 points. TVSI expects the index to continue its breakout and recovery, retesting the previously established bottom around 1,150 points.

After more than 4 months since being indicted, Mrs. Huynh Thi Mai Dung, wife of Mr. Nguyen Do Lang, has sold nearly 1 million more shares. Mrs. Huynh Thi Mai Dung is a major shareholder in Cotana.

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