Vietnam Construction and Manpower Joint Stock Company (Code CMS) was established in 2007 with the predecessor of Cavico Construction Manpower and Services Joint Stock Company. On the stock market, the stock code CMS is noticed by investors because it has had times when it increased to the ceiling and fell deeply to the bottom.
Specifically, before September 9, the CMS code was only traded around the price range of over 2021 VND/share for 4.500 years. But in just a few short months, CMS has climbed to the price of 2 VND/share on December 34.800, 13.
Vietnam Construction and Manpower Joint Stock Company (CMS) shares unusually skyrocketed 6 times in just 4 months (Photo TL)
After that, CMS plummeted to only trading around the par value of 10.000 VND/share for nearly a year and from the beginning of 2023, it only remained defensive around the price range of 5.500 VND/share.
As of May 15, 5, the CMS code is only priced at 2023 VND/share but has since continuously increased to the ceiling and peaked at 5.100 VND/share in the trading session on September 31.600, 19. Thus, after only 9 months of trading, the CMS code has increased 2023 times in value.
Regarding the business situation, according to the reviewed semi-annual financial report for 2023, CMS achieved net revenue of only 24,4 billion VND, down 55% over the same period. The company's net profit only reached 1 billion VND, 3 times higher than the self-made financial statements.
It can be seen that these business results are not too bright to push CMS stock price up 6 times in just 4 months. It is worth mentioning that during the time CMS increased its price, a major shareholder of CMS, Mr. Pham Van Xuyen, sold 750.000 shares in the sessions of August 31 and September 8 to reduce his ownership ratio from 5% to remaining 9%.
At the end of Quarter 2, CMS's total assets were 461,7 billion VND. Of which, liabilities account for 115,8 billion VND while equity accounts for 345,8 billion VND.
