A series of stocks left the stock exchange after the holiday

Transaction basis stock Ho Chi Minh City (HoSE) said it would cancel all more than 28.7 million RIC shares of Hoang Gia International Joint Stock Company from May 16. The reason is that the business has suffered a loss for 3 consecutive years (2019, 2020, 2021), in the case of securities being delisted according to regulations.

The financial statements show that RIC has an after-tax loss of VND 102 billion in 2021, a loss of VND 81.5 billion in 2020 and a loss of VND 72.7 billion in 2019.

RIC is the only stock of a casino business on the stock exchange. On the market, the ticker RIC is trading at VND 14,800/share, down 21% since the beginning of the year.

Since the beginning of April, RIC stock has continuously decreased, many sessions “lay on the floor”, bringing the market price from 20,300 dong/share to 14,750 dong/share as it is now. Previously, this stock surprised investors by its continuous fluctuations.

Specifically, after many years of trading below par value, RIC stock started having a series of consecutive ceiling gains with 34 consecutive sessions from January 11, 2021 to March 4, 2021, bringing the market price of RIC stock from 5,300 VND/share to 46,150 VND/share, equivalent to an increase of more than 770%.

Worth mentioning, after this series of consecutive ceiling increases, RIC fell into a deep decline with 14 “floor” sessions, to the price range of VND 15,700/share. In the following trading days, RIC had a series of sessions of ceiling gain, floor decrease, and closing the year-end trading day at 18,900 dong/share, still nearly 4 times higher than at the beginning of the year.

According to the report, in the first 3 months of this year, RIC’s net revenue was only 8.8 billion dong, down 67% over the same period; the only casino business on the stock exchange with a loss of 30 billion dong after tax. RIC said that the cause of the loss was because the service and tourism industry was still heavily affected by the COVID-19 pandemic. Although enterprises try to cut labor and save costs, due to low revenue, business results are still at a loss.

Another stock subject to mandatory delisting in May is the FTM code of Duc Quan Investment and Development Joint Stock Company. Accordingly, 50 million FTM shares will be canceled trading on HoSE from May 16 because this company has suffered loss in production and business results for 3 consecutive years and the audit has an exception for the company. financial report.

According to the report, in 2021, FTM recorded a loss of 224.2 billion dong, bringing the total accumulated loss to 420.6 billion dong, equal to 84.12% of charter capital. In addition, short-term debt is 1,113.97 billion dong, higher than short-term assets 357.97 billion dong.

New stock code FTM traded on HoSE from 6/2/2017. In the market, this stock is trading at 3,670 VND/share. Since the beginning of the year, this stock has plummeted by 54%, making each share decrease by VND 4,380. In the past, FTM stock used to be a name that caused a stir in the market with a series of continuous ceiling increases and floor drops.

In addition to the above two stocks, the management agency said that a series of stocks are subject to mandatory delisting such as PXI code of Petroleum Civil and Industrial Construction Joint Stock Company, PTL code of Victory Capital Joint Stock Company. , code PXS of Metal Structures and Petroleum Machinery Erection Joint Stock Company…

In which, 30 million shares of PXI will be delisted due to production and business losses for 3 consecutive years. According to the decision, the last trading day of PXI shares at HoSE is May 6 and the effective date of delisting is May 9.

The report shows that PXI’s after-tax profit in 2021, 2020, 2019 is negative 30.3 billion dong, negative 50 billion dong and negative 10.4 billion dong, respectively.

PTL and PSX shares were delisted because the audited financial statements for the years 2019, 2020, and 2021 both had the exception of the auditing company.