According to information from the Hanoi Stock Exchange (HNX), Mr. Luu Danh Duc - Member of the Board of Directors of Saigon Hanoi Securities Corporation (HNX: SHS) has registered to sell all 375,000 SHS shares, equivalent to 0.05% of capital.
The transaction is expected to take place from September 13 to October 12, 2023, by negotiation and order matching. If the transaction is completed, Mr. Duc will no longer hold any shares at Saigon Hanoi Securities. Based on the current market price, Mr. Duc can earn about VND 7.68 billion if the transaction is completed.
The selling move by the company's leaders was recorded in the context of SHS's strong recovery from the short-term bottom and setting a new peak in 2023. At the end of the trading session on September 12, SHS shares closed at an increase of 9.04% to VND 20,500/share, the highest price in nearly 17 months.
Along with that is the vibrant liquidity with nearly 27.3 million units matched. Thus, since the beginning of the year, SHS stock price has increased more than 2.4 times the market price.
Previously, a series of leaders at SHS also consecutively registered to divest all their ownership in the company. Specifically, from September 7 to October 6, Ms. Doan Thi Nhu Quynh - the person in charge of administration and Ms. Pham Thi Bich Hong - Head of the Board of Supervisors of SHS registered to sell all 58,750 shares and 355,299 SHS shares, respectively.
SHS stock price movements over the past year (Source: Trading View).
On August 30, Mr. Nguyen Chi Thanh - Deputy General Director of the company also announced that he had completed the sale of more than 1 million SHS shares he was holding, thereby reducing his ownership from 0.14% to 0%.
Regarding the financial picture, according to the audited report for the first 6 months of 2023, SHS Securities achieved total operating revenue of VND 985.5 billion, an increase of 55% over the same period last year, pre-tax profit reached more than VND 224.5 billion, a significant improvement compared to the loss of nearly VND 86.5 billion in the first half of 2022.
Thus, compared to the achieved results, SHS has achieved 51% of the revenue target and 20% of the annual profit target.
By the end of the second quarter, SHS's total assets decreased slightly compared to the beginning of the year to VND10,771 billion, of which the company's cash and cash equivalents reached VND302 billion, a sharp decrease compared to VND1,039 billion, showing that the company disbursed quite a large investment in the second quarter.
Margin debt tends to decrease sharply, 5 times higher than at the beginning of the year to 5.7 billion VND, while at the beginning of 2023 it was more than 27 billion VND .
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