Regain the position of 'big guy'
In 2023, HPG shares of Hoa Phat Group Joint Stock Company, chaired by billionaire Tran Dinh Long, are the stocks that receive attention from investors, especially from some foreign investment funds.
After bottoming out at VND18,000/share in early November 2022, HPG shares increased slightly to around VND20,000/share in early 2023.
During most of the first half of 2023, HPG shares did not have any significant breakthroughs. However, in early June 2023, HPG shares had a strong acceleration. With this increase, HPG shares increased from VND 21,000/share to more than VND 28,000/share, equivalent to 33.4% in just 1.5 months.
During the rest of the year, HPG shares fluctuated quite strongly, at times falling to nearly 24,000 VND/share but also at times reaching a peak of nearly 29,000 VND/share.
In the last session of 2023, HPG shares reached VND 27,950/share, up 35% compared to the beginning of the year and 56% compared to the bottom in early November 2022.
The positive results of HPG shares reflect the positive business situation of Hoa Phat as well as the entire steel industry in 2023.
Accumulated in the first 9 months of 2023, HPG's revenue reached VND 85,430 billion, down 27% over the same period last year. Profit after tax recorded VND 3,830 billion, down more than 60% and equivalent to 48% of the yearly plan.
However, compared to the negative developments of the steel industry in the fourth quarter of 2022, this is a quite positive result for HPG. This result shows that the prospects of the steel industry in general and HPG in particular have passed the most difficult time.
According to HPG's latest report on December 6, steel consumption in November 2023 reached 819,000 tons of steel products, an increase of 14.4% compared to October and an increase of 57.7% compared to the same period in 2022.
HAG accelerated in the "89th minute"
HAG shares of Hoang Anh Gia Lai Joint Stock Company, chaired by Mr. Doan Nguyen Duc (Bau Duc), also attracted much attention in 2023 when they accelerated sharply from below VND9,000/share to VND13,200/share at the end of 2023. This figure increased by 46% in just under two months.
The heat of HAG shares in the last two months of the year was affected by a series of decisions by Hoang Anh Gia Lai related to capital sources to pay off debt.
Specifically, in October, HAG sold Hoang Anh Gia Lai Hotel for 180 billion VND and in the fourth quarter plans to continue selling the University of Medicine and Pharmacy Hospital - HAGL.
In addition, HAG is planning to issue shares to raise capital, expected to collect 1,300 billion VND. This amount will be used to pay the principal and interest of bonds issued by HAG (330.5 billion VND), restructure loans at Tien Phong Commercial Joint Stock Bank for its subsidiary, Lo Pang Livestock Joint Stock Company (269.5 billion VND), and supplement working capital and restructure debt for its subsidiary, Hung Thang Loi Gia Lai Company Limited (700 billion VND).
In addition, HAG's business results in the first 9 months of the year were much more positive than in previous years. Accordingly, HAG recorded revenue of VND5,044 billion, up 45% over the same period; after-tax profit of VND710 billion, down 10% over the same period last year.
Tech unicorn hits highest stock market history
In early February 2023, the stock market recorded VNZ shares of VNG Corporation reaching the highest level in the history of the stock exchange when reaching nearly 1.5 million VND/share.
However, it is worth mentioning that although the stock price has increased rapidly, liquidity is extremely modest, only 100-300 shares are bought and sold per session, in the context of the business having suffered continuous losses for 2 years.
Investors consider this an unusual phenomenon for a record-priced stock on the market.
Not only that, in the past year, VNZ shares were twice put on trading restriction list by the State Securities Commission due to VNG's delay in submitting the 2022 audit report and 2023 semi-annual financial report.
Regarding the business results of the fourth quarter of 2022, VNG's after-tax profit lost more than the same period last year with a negative VND 547 billion, while in the same period in 2021 it lost VND 267 billion; accumulated for the whole year of 2022, the profit was negative VND 1,300 billion, while in the same period in 2021 it only lost VND 70 billion.
In the last trading session of 2023, VNZ shares reached VND 650,000/share, down 56% from the peak.
Tiny stocks "shocking"
Another stock that shocked the stock market in 2023 was XDC stock of Tan Cang Construction Joint Stock Company, which at one point held the top position and was the most expensive stock on the stock exchange.
Specifically, in the trading session on June 27, at 9:15 a.m., XDC shares hit the ceiling on the UpCom floor (15%) at VND767,100/share. With this price, XDC officially surpassed VNZ shares (VND730,000/share), becoming the stock with the highest market price on the stock exchange at that time.
Before becoming the most expensive stock on the floor, XDC continued to be the center of attention with its dizzying increase in a short period of time. In just over two months (from April 21), after 30 ceiling sessions, this stock increased from VND13,700/share to VND882,100/share, equivalent to 63.4 times (6,240%).
Similar to VNZ shares, despite the shocking increase, XDC's liquidity is quite sluggish. Each session only has a few hundred shares matched, the highest is a few thousand.
In the last session of 2023, XDC shares reached 65,000 VND/share, down nearly 12 times compared to the highest price on the floor.
Source
![[Photo] National Assembly Chairman attends the seminar "Building and operating an international financial center and recommendations for Vietnam"](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/28/76393436936e457db31ec84433289f72)
Comment (0)