After audit, many stocks have their margin lending services cut off

Ho Chi Minh City Stock Exchange has added 5 new stocks including DTL, TSC, HAR, HII, NKG to the list of stocks not allowed to borrow margin, bringing the list to 79 stocks. The reason is due to losses according to the audited financial report for 2022.

Specifically, the audited financial report of Dai Thien Loc Joint Stock Company (DTL) shows that in 2022 the company suffered a consolidated loss of more than 152.6 billion VND, a sharp decrease compared to the profit of more than 56 billion VND in 2021. The company explained that it was mainly due to fluctuations in hot-rolled steel raw material prices, high interest rates, and a decline in export markets...

Many stocks are not allowed to borrow margin in the second quarter of 2023

Similarly, Can Tho Agricultural Technical Materials Joint Stock Company (TSC) suffered a loss of more than VND 46.4 billion last year, while in 2021 it still made a profit of more than VND 132 billion. In 2021, the profit was mainly recorded from the consolidation of Khanh Hoa Mineral Water Joint Stock Company.

For An Duong Thao Dien Real Estate Investment and Trading Joint Stock Company (HAR), in 2022, it recorded a loss after tax of nearly 44 billion VND, a sharp decrease compared to the profit of 36 billion VND in 2021. According to the company's explanation, the loss in 2022 was due to the company restructuring its investments to create capital to shift its business to industrial real estate in the context of many fluctuations and difficulties in the real estate market. On that basis, HAR divested capital from Coral Island Tourism Joint Stock Company and liquidated the boutique hotel business cooperation contract, leading to a loss in business results in 2022.

For Nam Kim Steel Corporation (NKG), the audit report also recorded a net loss of nearly VND 125 billion in 2022. Notably, this figure is nearly double the company's self-reported loss of VND 67 billion.

In the case of An Tien Industries Joint Stock Company (HII), after auditing, it also suffered a consolidated loss of more than VND 142 billion, a sharp decrease of 237% compared to the profit of nearly VND 104 billion in 2021. The company said the reason for this difference was due to the complicated developments in the world's raw plastic resin market, the decrease in plastic resin prices caused trading profits to decrease compared to the same period...

Source: https://thanhnien.vn/sau-kiem-toan-nhieu-co-phieu-bi-cat-dich-vu-cho-vay-margin-185230401160647307.htm