PVI Holdings JSC (PVI VN) - Mr. Nguyen Xuan Hoa Assumes new position at PVN's member company
HDI Global SE - the indirect parent company of PVI Holdings JSC registered to buy 3.12 million PVI shares after the previous buy of 4.98 million out of 7 million registered-to-buy shares. Meanwhile, the insurance holdings also disclosed that Mr. Nguyen Xuan Hoa Senior Vice Chairman and CEO was dismissed from all his current position in the company as well as the representative of Vietnam Oil and Gas Group (PVN, and PVN owns 35% of total outstanding PVI VN shares) in PVI, in order to focus on his new task in PetroVietnam Fertilizer and Chemicals Corporation (DPM VN) in which he has been the chairman since March 2024, assigned by PVN. The newly appointed CEO is Mr. Nguyen Tuan Tu (age: 52 years) also the new representative of PVN in the insurance holdings. PVI VN closed at VND52,000 per share on 7 August 2024, down -14.8% from its peak of VND61,000 in June 2024.
Gelex Electricity JSC (GEE VN) - The first trading day is 14 August 2024
The key member company of GELEX Group JSC (GEX VN) disclosed that 14 August 2024 will be the first trading day of its stock on HOSE. In Q2.2024, the company reported net revenue of VND5,310 billion (about USD 212 million, up +37.8% YoY) and net income of VND516 billion (about USD 21 million, up +503.2% YoY). The GELEX Group JSC still owns 80% of total outstanding GEE VN shares. The reference stock price on the first trading day will be VND37,150 per share (with the intraday limit volatility of 20%, only for the first day of trading), down -13.6% from its last closing price of VND43,000 per share on 18 July 2024
Vietnam Retail Investors Account Surge | Foreign Accounts Hit Record High
Local investors opened 329,836 accounts in July 2024 3x the number for June. Account numbers now exceed 8,3 million retail domestic individual trading accounts (approximately 8.3% of the total population).
Foreign institutional trading codes increased in July and totals 5,940 foreign institutions as of the end of July 2024. Foreign individual accounts also increased in July to 42,106 accounts.
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