* TNG: TNG Investment and Trading Joint Stock Company has just announced its business results for February 2024, with revenue of 347 billion VND, down 7.5% over the same period. Accumulated in the first 2 months of the year, revenue increased nearly 13%, to 871 billion VND.
* DGW: On February 29, Digital World Joint Stock Company approved a short-term loan plan at Techcombank, maximum term of 4 months according to each debt contract, total credit limit of 800 billion VND and no collateral.
* GTA: Thuan An Wood Processing Joint Stock Company has just announced its 2023 Annual Report, revenue is at the lowest level in the past 16 years (since 2008), reaching 249 billion VND, down 49% compared to the previous year and only 75% of the plan has been implemented. year plan. Net profit reached 10 billion VND, exceeding the yearly profit target by 9%.
* AND: Danhson VN Company Limited registered to buy nearly 14 million shares of Danapha Pharmaceutical Joint Stock Company, to increase its ownership ratio to 66.5%, through an agreed transaction, expected to take place in March 2024.
* FRT: 3 member funds owned by Dragon Capital fund group bought a total of 127,500 shares of FPT Digital Retail Joint Stock Company in the February 27 session.
* WSS: Wall Street Securities Joint Stock Company registered to sell 650,000 HAF shares of Hanoi Food Joint Stock Company (down to 14.76%) and 290,000 MGG shares of Duc Giang Corporation (down from 18.04% to 14.82%). ) during the same period from March 6-31.
* HCM: Dragon Capital plans to spend nearly 700 billion VND to exercise all rights to buy 69 million shares of HSC Securities to consolidate its position as the largest shareholder, with an ownership ratio of over 30%.
* BTP: Ba Ria Thermal Power Joint Stock Company announced to pay dividends in 2023 in cash at the rate of 26.47%, from undistributed after-tax profits refunded from the development investment fund and remaining profits from previous years. The ex-dividend date is March 14 and the expected payment date is March 29.
VN-Index
At the end of the trading session on March 1, VN-Index increased 5.55 points (+0.44%) to 1,258.28 points. HNX-Index increased 0.97 points (+0.41%) to 236.43 points. UpCOM-Index increased 0.53 points (+0.59%), to 91,416 points.
According to Sacombank Securities (SBS), the short-term trend is still positive, especially in terms of indexes when large capitalization stocks such as VCB, BID, FPT… continuously provide great support to the market.
SBS has not observed a really clear sell signal when the index entered the resistance area of 1,250-1,260 points. Therefore, it is likely that the index will soon surpass this zone and aim for the next target at 1,290-1,300 points in March.
According to DSC Securities, the market’s current rising wave is still there, although the room is not too large; Opportunities are not too many, but the market will be very difficult to collapse in the short term if bad information does not suddenly appear.
Investors should focus their attention on small and medium capitalization groups that have a basic story that is attractive enough for cash flow such as industrial park real estate, public investment, and oil and gas.
