What’s going on with VNG: Shares tripled in price after only 9 trading sessions, office people who have been drinking milk tea for a whole year have not been able to buy 20 shares

Tram Ho

Starting from February 1, 2023, VNG shares of VNG joint stock company had the first matching transaction. With the ceiling margin of the first matching session after the listing was allowed up to 40%, VNZ jumped from the price of 240,000 VND/share to 336,000 VND/share. The miracle is that while the seller persisted in not selling, the buyer managed to match the order of 100 shares, the number could not be less for a transaction.

Opening smoothly, 6 consecutive trading days later, VNZ all hit the ceiling with the same scenario, trading volume of 100 shares.

On February 10, it was still a price increase to the ceiling, but the trading volume was different this time, with 300 shares matched, corresponding to a trading value of 268 million dong.

Thought the price of 893,400 dong/share was enough, but the uptrend of VNZ stock has not stopped. In a session VNindex dropped 11 points like today, VNZ still a purple line, reaching the ceiling price of 1,027,400 dong/share.

At this price, VNZ is up to 12.7 times the market price of FPT and it is estimated that an office worker needs to abstain from drinking about 20 cups of milk tea to buy 1 VNG share.

Chuyện gì đang xảy ra với VNG: Cổ phiếu tăng giá gấp 3 lần chỉ sau 9 phiên giao dịch, dân văn phòng nhịn uống trà sữa cả năm chưa mua nổi 20 cổ phiếu - Ảnh 1.

VNZ stock price movement. Source: Fireant

The “one step ahead” movement of VNZ stock has made CEO Le Hong Minh – a major shareholder of VNG, surpassing a series of FPT leaders to enter the TOP 2 of giants holding large amounts of technology stocks. second only to FPT Chairman Truong Gia Binh.

Mr. Minh’s assets have increased spectacularly from 846 billion VND to 3,622 billion VND, equivalent to an increase of 3.28 times from the beginning of February until now.

Chuyện gì đang xảy ra với VNG: Cổ phiếu tăng giá gấp 3 lần chỉ sau 9 phiên giao dịch, dân văn phòng nhịn uống trà sữa cả năm chưa mua nổi 20 cổ phiếu - Ảnh 2.

Mr. Le Hong Minh – CEO of VNG

Contrary to the “rising” momentum of the stock price, the business situation of VNG will face many difficulties in 2022.

According to the newly announced consolidated financial statements for the fourth quarter of 2022, net revenue of VNG JSC increased slightly by 6% compared to the same period in 2021, reaching 2,037 billion. Gross profit reached 917 billion dong, up 19%. However, all expenses were strongly negative, causing VNG to suffer a big loss in the fourth quarter.

During the period, financial income fell by nearly half to 28 billion. In addition, due to a loss of 40 billion dong from associates and another loss of 154 billion dong, VNG reported a loss after tax of 547 billion dong in the fourth quarter, double the same period. This is also VNG’s 5th consecutive quarter of loss.

Accumulated for the whole year, although consolidated revenue reached VND 7,801 billion, a slight increase compared to the same period last year, VNG recorded a record loss of VND 1,315 billion after tax while in 2021, a loss of VND 71 billion. Deducting minority interests, the parent company lost VND 858 billion after tax.

In a development related to stock prices, on February 10, 2023, VNG Joint Stock Company issued Official Letter No. 36/2023/CV/VNG-CBTT on the Announcement of information about VNZ shares rising to the ceiling of 5 consecutive sessions. The company believes that the increase of VNZ shares completely depends on the supply and demand of the stock market and the tastes, needs and evaluations of investors.

This company said that it did not have any intervention or control over the recent price movements of VNZ shares. Currently, the company’s operations are still running normally, without any fluctuations from the increase in share price.

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Source : Genk