Information from the Ho Chi Minh City Stock Exchange (HOSE) shows that the foreign fund group Dragon Capital has bought 1.25 million VCG shares of Vietnam Construction and Import-Export Corporation - Vinaconex.
The transaction increased Dragon Capital's ownership from 42.73 million to 43.98 million shares, equivalent to 8.23% of charter capital. Thus, in just 3 days, Dragon Capital net bought a total of 2.75 million VCG shares.
Foreign fund Dragon Capital net bought 2.75 million VCG shares (Photo TL)
Dragon Capital's move to buy VCG shares comes as Vinaconex has just escaped losses in Q4/2023. Specifically, Q4/2023 revenue reached VND129 billion, down 26%. The company recorded a profit after tax of VND3 billion.
Accumulated for the whole year of 2023, Vinaconex recorded net revenue of VND 222 billion and profit after tax of more than VND 2.5 billion, down 37.5% over the same period. Compared to the plan set for 2023 with revenue of VND 460 billion and profit after tax of VND 1.6 billion, Vinaconex exceeded the profit plan even though revenue did not reach the set target.
In addition to Dragon Capital's net purchase of 2.75 million VCG shares, foreign investors have also continuously made net purchases of VND130 billion in the last 5 trading sessions. The return of foreign capital has made the Vietnamese stock market more vibrant.
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