Ho Chi Minh City Stock Exchange (HoSE) has just added ITD shares of Tien Phong Technology Joint Stock Company to the list of securities ineligible for margin trading.
The reason for the margin cut is that the after-tax profit of the parent company's shareholders on the audited consolidated financial statements for the first 6 months (fiscal year 2023 - 2024) is a negative number.
According to the financial report of Tien Phong Technology, in the first 6 months of the year, the company recorded revenue of 170 billion VND, down 33% compared to the same period last year. After deducting expenses, the company reported a loss after tax of 550 million VND, of which the loss to shareholders of the parent company was nearly 10 billion VND.
Faced with this not-so-optimistic result, the company's leaders said that due to the impact of a large project, the member unit, Global Electrical Engineering JSC, had a decrease in revenue. In addition, the allocation of the value of commercial advantages arising from the purchase and control of Larion Software Consulting and Development JSC from January 2023 caused the company's management costs to increase.
Currently, HOSE has a total of 87 stocks that are not granted margin.
After adding ITD, the HOSE has a total of 87 stocks that are not granted margin. Among them are stocks with large liquidity in the market such as NVL, HAG, ITA, ABS, AGM, APC, ASP, BCE, CIG, CKG, DAG, FDC, GMC, HVN, LDG, NVT, OGC, POM, SJF, TDH, TGG, TTF, TVB... most of these stocks are under control, the after-tax profit of the parent company's shareholders on the audited consolidated financial statements for the first half of 2023 is negative, the audited financial statements for the first half of 2023 have opinions that are not fully accepted by the auditing organization.
In addition, 4 listed funds, FUCVREIT, FUEDCMID, FUEIP100 and FUEKIV30, are not eligible for margin because the public investment fund has at least one month with a net asset value (NAV) calculated per fund certificate unit less than the par value, based on the monthly net asset value change report for 3 consecutive months.
Along with that, 3 other listed funds, FUEBFVND, FUEFCV50, FUEMAVND, are also on the list, due to their listing time of less than 6 months .
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