Nam A Bank (NAB VN) – There are 15 shareholders holding at least 1% of the bank
At the end of August 2024, Nam A Bank disclosed that it has 15 shareholders owning at least 1% of total shares outstanding, in which there were 9 institutions and 5 individuals. The largest shareholder of the bank is an institutional investor named Pacific Dragon Co., Ltd., holding around 9.4% of shares outstanding, equivalent to more than 99.8 million shares. A few days after the record date, five (5) high-level executives, 4 DCEOs and the Chief Accountant, registered to buy shares with rights from ESOP (stock is VND10,000 per share), and around 2.5 million shares per DCEO and just over 94 thousand shares for the Chief Accountant. The bank announced its reviewed H1 2024 financials with total operating income of VND4,287 billion (about USD172 million, up a tidy +22.0% YoY) and net income of VND1,770 billion (about USD71 million, up an impressive +45.5% YoY). NAB VN closed at VND16,150 per share on 5th September 2024, slightly down -5.3% from its all-time high of VND17,050 per share, achieved in August.
VNG Corporation (VNZ VN) – Appointing an acting CEO
Just right before its 20th birthday, the tech giant appointed an acting CEO, Mr. Kelly Wong (Chinese-Canadian), also the current Vice President (DCEO) of Game Entertainment (an entity related to VNG). Mr. Kelly Wong has over 17 years of work experience and before VNG Corporation, he used to work as CFO at KIDO Group (KDC VN) and Managing Director of Investment Banking at HSC (HCM VN). This decision from the Board was made shortly after the highest trading volume ever recorded of VNZ VN of 16,040 shares last Friday. VNG Corporation announced its business results for H1 2024, reviewed by EY, with consolidated net revenue of VND4,314 billion (about USD172.5 million, up +30.0% YoY) and net loss of -VND514 billion (about USD$20.6 million). VNZ VN intra-day VWAP was VND461,430 per share on 6th September 2024, down -60.4% from its 52-week high of VND1,165,000 per share.
Vietnam Exceeds USD$20.5 billion Registered Capital FDI, YTD 2024
In encouraging diversity of FDI sources six (6) nations exceeded USD$1 billion in YTD registered capital. The six, ranked in order: (1) Singapore, USD$6.790 billion; (2) Japan, USD$2.519 billion; (3) Hong Kong, USD$2.403b billion; (4) China, USD$2.274 billion; (5) Korea, USD$1.842 billion; (6) Taiwan, USD$1.342 billion. In terms of registered numbers of projects, China has a total of 662 projects and ranks 1st. Second is Singapore at 314.
Investor can see the full Newsletter below:
