Bao Ngoc Investment Group JSC (BNAVN) - Removal of "Warned" status
According to the decision No.961/QD-SGDHN by HNX dated 6th September 2024, shares of confectionery company, BNA will be no longer be subjected to "Warned Status" from 11th September 2024, following updated, unqualified auditor's opinion for reviewed H1 2024 financial report. Therefore, its shares can be used as collateral for margin loans again in the near future. About 5 months ago, BNA shares were classified "Warned" because of its qualified auditor's opinion for audited FY2024 financial report. The confectionery company announced its reviewed financial report for H1 2024 with net revenue of VND662 billion (about USD26.5 million, up +41.8% YoY) and net income of VND24 billion (about USD1 million, up +244.1% YoY). BNA VN closed at VND12,800 per share on 9th September 2024, up +40.7% from its 52-week low of VND9,100 per share, but still considerably down -65.5% from its adjusted all-time high of VND37,150 per share in November 2021. Bao Ngoc was established in 1986 in Hanoi, Vietnam.
Vinhomes JSC (VHM VN) - Proposed Share Buyback Update
Earlier this month, Vietnam's Largest, listed real estate developer announced the AGM's Resolutions on changing business registration and approval for the share repurchase plan, attached with the ballot result (cut-off date 15th September 2024).
Regarding the change of business registration: Vinhomes will register a new business line, firefighting equipment wholesale, within the next 12 months. About the share repurchase plan, the AGM approved the plan to repurchase up to 370 million VHM VN shares, equivalent to 8.5% of current shares outstanding. The purpose of this share repurchase is protecting Vinhomes' and its shareholders' interests, and cash for the buyback plan will be funded from undistributed profit after tax of the company, expected to be around VND15,910 billion if fully completed at the latest closing price. Specific transaction dates and prices are not determined yet. Vinhomes reported its reviewed business results for H12024 with consolidated net revenue of VND36,587 billion (about USD1.46 billion, down -40.9% YoY), net income of VND11,776 billion (about USD471 million, down -45.5% YoY), and total assets of VND493,450 billion (about USD19.74 billion, up +11.0% YoY, dated 30th June 2024).
VHM VN closed at VND43.000 per share on 9th September 2024, down -19.6% from its 52-week high of VND53,500 per share but also up +24.6% from its all-time low of VND34,500 per share in early-August 2024.
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