Yeah 1 explanation

Yeah1 Group Joint Stock Company (stock code YEG) announces information regarding the YEG share price hitting the ceiling limit for 5 consecutive sessions from December 17, 2024 to December 23, 2024.

Yeah1 explains that its stock surged to the ceiling price for 5 consecutive sessions was due to market supply and demand.

Yeah1 Group Joint Stock Company (stock code YEG) announces information regarding the YEG share price hitting the ceiling limit for 5 consecutive sessions from December 17, 2024 to December 23, 2024.

Yeah1 Group Joint Stock Company (stock code YEG) provides an explanation regarding document No. 1941/SGDHCM-GS from the Ho Chi Minh City Stock Exchange (HoSE) requesting the company to disclose information related to the YEG share price hitting the ceiling limit for 5 consecutive sessions from December 17, 2024 to December 23, 2024.

According to Yeah1, YEG shares hit the ceiling price for 5 consecutive trading sessions due to objective supply and demand dynamics in the stock market. The share price is determined by the market and is beyond the company's control.

The company's business operations are proceeding normally, as planned, and there have been no unusual disruptions in its activities.

Recently, Yeah1 has actively restructured its operations comprehensively, optimizing its management and operational systems, and focusing on developing its core business segments, including the production and broadcasting of programs on digital platforms and high-quality television programs. These programs have received strong support from a large audience and generated significant social media buzz. The success of these programs and other business segments has contributed to improving the company's business results compared to the past.

The company is committed to not having any influence that affects the trading price of YEG shares on the stock market.

On December 24th, YEG shares traded at the ceiling price of 21,700 VND/share in the morning session, then adjusted to 20,100 VND/share and remained around 21,400 VND/share in the afternoon session. YEG's book value was 10,100 VND/share at the end of the third quarter.

In the fourth quarter of 2024, according to the business cycle, YEG recorded more favorable business results as its brands disbursed funds for the year-end sales season.

In 2024, Yeah1 developed a business plan with two scenarios: if conditions are favorable, the target revenue is VND 1,100 billion and after-tax profit is VND 105 billion; if conditions are average, the target revenue is VND 800 billion and profit is VND 65 billion.

For the first nine months of the year, Yeah1 recorded revenue of over VND 629 billion (more than 2.4 times higher than the same period last year, equivalent to a 148% increase), and after-tax profit of VND 55.7 billion, a 351.39% increase compared to the same period last year. The company explained that the profit increase was mainly due to a 218% growth in revenue from advertising and media consulting activities compared to the same period in 2023, leading to an increase in gross profit and after-tax profit. The company has achieved 78.6% of its full-year revenue plan and 85.7% of its full-year profit plan under the average scenario.

Source: https://baodautu.vn/yeah1-giai-trinh-co-phieu-tang-tran-5-phien-do-cung---cau-thi-truong-d234961.html