According to newly announced information, Vietnam Housing and Urban Development Trading Joint Stock Company purchased 51.7 million shares of Ocean Group Joint Stock Company (OGC) on December 29, 2023.

Previously, this company did not hold any OGC shares. After the transaction, Vietnam Housing and Urban Development Trading JSC became a major shareholder of OGC.

Provisionally calculated at the market price on December 29 of 7,050 VND/share, this shareholder has to spend about 364.7 billion VND.

It is known that Vietnam Housing and Urban Development Trading Joint Stock Company is located at VNT Tower Building, 19 Nguyen Trai, Thanh Xuan, Hanoi . The legal representative is Mr. Phan Thanh Long, born in 1992.

The company was established on December 25, 2023, 4 days before the above transaction date.

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Previously, Song Hong Bac Viet Construction JSC became a major shareholder of OGC after purchasing more than 27 million shares. This company was also newly established on December 1, 2023, 7 days before the transaction date.

OGC was formerly a multi-industry corporation owned by Mr. Ha Van Tham, former Chairman of Ocean Bank and OGC. However, after Mr. Tham got into trouble with the law at the end of 2014, the corporation went downhill, suffered continuous losses and had to sell assets to deal with debt.

Listed company news

The stock market has a number of other important events of listed companies.

* DBC : Dabaco Vietnam Group Joint Stock Company approved the 2024 business plan with a revenue target of VND 25,380 billion and after-tax profit of nearly VND 730 billion.

* DPG: Dat Phuong Group Corporation approved a capital contribution of 219 billion VND to establish Dat Phuong Glass Joint Stock Company, equivalent to 73% ownership ratio.

* DIG : Construction Development Investment Corporation approved the policy of terminating capital contribution transactions to Dai Phuoc Thien Minh Company Limited.

* VSN : Vietnam Livestock Industry Corporation (Vissan) adjusted its total revenue target down by 16% to VND3,430 billion and its pre-tax profit target down by 24% to VND138 billion.

* RCL : CORES Investment JSC, a major shareholder of Cho Lon Real Estate JSC, sold 134,000 shares on December 29. This organization still holds more than 632,000 shares, accounting for 4.56%.

* NVL : Diamond Properties JSC, a major shareholder of No Va Real Estate Investment Group JSC ( Novaland ), sold more than 4.78 million shares from December 21 to December 29, 2023 by order matching method.

* DS3 : DS3 Joint Stock Company approved the transfer of all shares owned at Ha Long Riverway Joint Stock Company, equivalent to 51% ownership, for 9.7 billion VND.

* TNG : Mr. Nguyen Manh Linh, Member of the Board of Directors of TNG Investment and Trading Joint Stock Company, sold more than 1.61 million shares out of a total of 3.3 million registered units from November 29 to December 28, 2023.

* RDP : Mr. Ho Duc Lam, Chairman of the Board of Directors of Rang Dong Holding JSC, registered to sell 5 million shares from January 8 to February 6 by negotiation and order matching.

* SZB : Mr. Nguyen Ba Chuyen, General Director of Sonadezi Long Binh JSC, registered to buy 100,000 shares. Expected transaction time is from January 4 to February 1.

VN-Index

At the end of the session on January 3, VN-Index increased by 12.45 points (+1.1%), to 1,144.17 points. Total trading volume reached nearly 720 million units, worth VND14,708.57 billion.

HNX-Index increased by 1.65 points (+0.72%) to 231.64 points. Total matched volume reached more than 57.9 million units, worth VND1,056 billion.

UPCoM-Index increased by 0.54 points (+0.62%), to 87.58 points. Total matched volume reached more than 34.7 million units, worth 469 billion VND.

According to SHS Securities, after several sessions of slowing down before the upper resistance of the short-term accumulation channel, VN-Index increased strongly, escaping the short-term channel and approaching the resistance level of 1,150 points.

From a short-term perspective, the market is moving positively and is approaching the short-term resistance of 1,150 points. When the VN-Index approaches this resistance, the market is likely to have a correction.

With the momentum of movement on a good short-term accumulation platform, SHS expects the index to soon overcome this resistance to enter the expected medium-term accumulation area.

The market is in a short-term uptrend and has broken out of the accumulation channel, approaching the resistance level of 1,150 points. Short-term investors need to be cautious when the VN-Index approaches the 1,150-point threshold, because the market is very susceptible to correction and fluctuations around this threshold.

Vietnam Construction (CSI) believes that the probability of increasing points in the coming sessions is higher than the correction. Prioritize holding positions and take advantage of the fluctuations of the general market to increase the proportion.