Yeah1’s stock (YEG) to be put under surveillance

Apr 7th at 11:34
07-04-2021 11:34:34+07:00

Yeah1’s stock (YEG) to be put under surveillance

The Hochiminh Stock Exchange (HoSE) has decided to put the Yeah1 Group’s (YEG) stock under surveillance starting from April 12, having previously put it on alert, as the Group incurred huge net losses over the past two years.

The headquarters of Yeah1 Group in HCMC. The Hochiminh Stock Exchange has decided to put the Yeah1 Group’s stock under surveillance starting from April 12 – PHOTO: SGGPO

With this move, YEG’s shares will be entitled to a restricted transaction duration, which means they can only be traded in the afternoon phase from April 12.

The Group’s net losses in 2019 and 2020 were over VND385 billion and nearly VND182 billion, respectively. Also, its undistributed net profit as of December 31 last year was minus VND219 billion.

Earlier, according to the Group’s 2020 financial report, an audit agency had adjusted YEG’s net losses upward by VND29 billion.

As of last year, the Group’s total assets reached nearly VND1.3 trillion, down some 8.6% year-on-year. Its cash and cash equivalents plunged nearly 78% to reach over VND36 billion. Its surplus equity by the end of 2020 was some VND773 billion, dropping approximately 32% year-on-year.

By April 5, YEG’s stock contracted to stay at VND38,000, down 18% compared to its share price recorded at the beginning of this year. Recently, Nguyen Anh Nhuong Tong, board chairman of the Group, registered to sell 250,000 YEG shares from April 6 to May 4, aimed at reducing his ownership in the firm from eight million shares to 7.7 million shares, or a 24.7% stake.

The Saigon Times



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

SABECO (SAB) at great pains to ensure protection of consumers’ interests

The legal representative of Saigon Beer Alcohol Beverage Corporation reaffirmed the company’s goodwill and the high responsibility in ensuring the rights of...

Oil and gas companies expect good performance in Q1 on higher crude price

Many Vietnamese companies in the oil and gas field might post positive results in the first quarter of 2021 thanks to the strong rally of crude oil in the...

SeABank (SSB) posts 2-fold surge in Q1 pre-tax profit

The Southeast Asia Commercial Joint Stock Bank (SeABank) earned pre-tax consolidated profit of VND698.3 billion (nearly US$30.4 million) in the first quarter of...

Coteccons JSC (CTD) faces risk of brand loss

The Coteccons Construction Joint Stock Company (CTD) is in serious risk of losing its once top ranking brand image, and is even struggling to convince it...

Masan Group (MSN) targets $3.98-4.4 billion net revenues in 2021

Masan Group Corporation (HOSE: MSN) targets net revenues of VND92-102 trillion (US$3.98-4.4 billion) this year, an increase of 19 – 32 per cent from last year, and...

FLC targets over US$47.71 million in pre-tax profit in 2021

FLC Group Joint Stock Company expects to achieve more than VND1.1 trillion (US$47.71 million) in pre-tax profit, and over VND15 trillion in consolidated revenue...

Blockbuster deal in 2021: IPO of Vietnam's No. 1 real estate brokerage

More than 1,000 guests, including individual investors, financial institutions, securities companies, and experts in the real estate industry attended the "IPO DXS...

VinCommerce, realisation of Masan Group (MSN) “Point of Life” business strategy

More than a year under one roof with Masan Group now, the well-conceived restructuring strategy has brought a facelift to the operations of VinCommerce, Vietnam’s...

SABECO (SAB) invests in human capital to remain leading homegrown brewer

2020 was a milestone year for SABECO as the company celebrated its past achievements while continuing its evolution as one of the most progressive homegrown...

Cen Land (CRE) sets 2021 revenue target touching $175 million

Cen Land (HSX: CRE) has set revenue and profit targets for 2021 of VND4 trillion ($173.9 million) and VND355 billion ($15.4 million) with the aim of dominating the...


MOST READ


Back To Top