Yeah1 Group Joint Stock Company (code YEG) announced information related to YEG stock price increasing to the ceiling for 5 consecutive sessions from December 17, 2024 to December 23, 2024.
Yeah1 explains why stock price increased to ceiling price in 5 sessions due to market supply and demand
Yeah1 Group Joint Stock Company (code YEG) announced information related to YEG stock price increasing to the ceiling for 5 consecutive sessions from December 17, 2024 to December 23, 2024.
Yeah1 Group Joint Stock Company (code YEG) explains document No. 1941/SGDHCM-GS of Ho Chi Minh City Stock Exchange (HoSE) regarding the request for the Company to disclose information related to YEG stock price increasing to the ceiling for 5 consecutive sessions from December 17, 2024 to December 23, 2024.
According to Yeah1, YEG shares have hit the ceiling for five consecutive trading sessions due to objective supply and demand developments in the stock market. The stock trading price is determined by the market and is beyond the company's control.
The company's business activities are still taking place normally, according to the set plan and there are no unusual fluctuations in the company's operations.
In recent times, Yeah1 has actively restructured its operations, optimized its management and operations, and focused on developing key business segments, including the production and broadcasting of programs on digital platforms, high-quality television programs, and received support from a large audience and created a huge social media effect. The success of the programs and other business segments has contributed to improving the company's business results compared to the previous period.
The company commits not to have any impact affecting the trading price of YEG shares on the stock market.
On December 24, YEG shares traded at the ceiling price in the morning session at VND21,700/share, then adjusted to VND20,100/share and remained around VND21,400/share in the afternoon session. YEG's book value was VND10,100/share at the end of the third quarter.
Q4/2024 is the time according to the business cycle that YEG records more positive business results when brands disburse costs for the year-end sales season.
In 2024, Yeah1 built a business plan with 2 options: if conditions are favorable, the revenue target is 1,100 billion VND and after-tax profit is 105 billion VND; and in average conditions, the revenue target is 800 billion VND and profit is 65 billion VND.
In the first 9 months of the year, Yeah1 recorded revenue of more than VND 629 billion (an increase of more than 2.4 times compared to the same period last year, equivalent to an increase of 148%), profit after tax of VND 55.7 billion, an increase of 351.39% compared to the same period last year. The company explained that the increase in profit was mainly due to revenue from advertising and media consulting activities growing 218% compared to the same period in 2023, leading to an increase in gross profit and profit after tax. The company has completed 78.6% of the annual revenue plan and 85.7% of the annual 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
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