11-07-2022 - 09:31 AM |Stock marketDragon Capital buys HAH, STB, HDGOn June 29, member fund CTBC Vietnam Equity Fund bought 300,000 HAH shares of Hai An Transport and Handling (HoSE:HAH).After the transaction, the total ownership of Dragon Capital increased from more than 6 million shares (ratio 8.85%) to more than 6.3 million shares (ratio 9.29%).Temporarily calculated at the closing price of 73,800 VND/share, Dragon Capital spent more than 22.1 billion VND to own the above shares.Previously, on May 18, this group of funds bought 430,000 units of HAH, bringing the total holding to 8.5% of charter capital with 5.8 million shares.Accordingly, after more than a month, Dragon Capital has accumulated 526,000 shares of Hai An.This year, the company sets a revenue target of VND 2,388 billion, an increase of 19% compared to 2021, consolidated profit after tax of VND 550 billion.Hai An has also completed paying the 2021 dividend in the second quarter at the rate of 50%, of which 40% is in shares and 10% in cash.In the first 6 months of this year, Hai An's revenue reached VND 1,615 billion and profit after tax was VND 437.1 billion, up 99.8% and 138.6 percent respectively over the same period last year.Thus, the company has completed 67.6% of the revenue target and 79.5% of the profit target.In the first quarter, net revenue reached 652.4 billion dong, profit after tax was 262.7 billion dong, up 81.7% and 207.2% respectively compared to the first quarter of 2021.Thus, in the second quarter alone, revenue reached 963 billion dong, up 114% compared to the second quarter of 2021, profit after tax reached 174.4 billion dong, up 78.5% over the same period.On the same day, two member funds of Dragon Capital, CTBC Vietnam Equity Fund and Norges Bank, bought 2 million and 300,000 shares of Sacombank's STB (HoSE:STB) respectively.In the opposite direction, Samsung Vietnam Securities Master Investment Trust [Equity] sold 200,000 STB shares.After a net purchase of 2.1 million shares of STB, Dragon Capital group raised their ownership to 6.09% of charter capital at this bank with more than 114.8 million shares.Previously, in March, Dragon Capital group raised its ownership rate in Sacombank to 5.05% of capital with more than 95.2 million shares.After this transaction, the foreign fund returned to become a major shareholder in this bank after 11 years.In August 2011, Dragon Capital fund group sold all 6.66% of Sacombank's capital.This year, Sacombank aims to increase its credit balance by 12% to VND 435,000 billion and the bad debt ratio to be below 2%.Total assets reached 573,000 billion VND and mobilized capital reached 512,700 billion VND, both increased by 10%.The bank's target profit before tax is VND5,280 billion.This bank expects to complete the settlement of outstanding issues under the bank restructuring project by 2023, two years ahead of schedule.At the end of the first quarter, Sacombank's pre-tax profit was 1,274 billion dong, an increase of 59% compared to the same period in 2021. With this result, the bank fulfilled 24% of the year plan approved by the meeting at the last General Meeting of Shareholders. .Investment fund trading movementOn June 30, Dragon Capital increased its ownership in Ha Do Group (HoSE: HDG) from 15.5 million units (7.59% rate) to 16.4 million units (ratio 8.02%). after two member funds, KB Vietnam Focus Balanced Fund and Norges Bank, accumulated a total of 877,200 shares.Previously, on May 18, foreign funds also bought 170,000 HDG shares to increase their holding ratio to 7.04 percent with 14.4 million shares.Thus, after more than 1 month, Dragon Capital bought nearly 2 million units of HDG.Ha Do is a multi-industry corporation with four main fields of real estate, energy development, construction and trade and services.The company approved the business plan at this year's annual shareholder meeting with a revenue of VND 3,703 billion, equal to 95% of the result in 2021;profit after tax was 1,344 billion dong, flat compared to last year.In the first quarter of this year, the group recorded a revenue of 684.1 billion dong and after-tax profit of 295.7 billion dong, down 49.5% and 26.3% respectively over the same period last year.In which, real estate revenue decreased 86.4%, to 127 billion dong;construction and installation revenue decreased by 75.9 billion dong to nearly 1 billion dong;hotel service revenue decreased by 31.9 billion dong to 7 billion dong.In contrast, revenue from hydroelectricity and solar and wind power increased by 97.9% to 477.7 billion dong.Although electricity revenue increased, it did not offset the decline in real estate, construction and hotel services, leading to a decrease in total revenue of 49.5%.PartnerEditorial Board CafeFAddress: 21st floor of Center Building.1 Nguyen Huy Tuong, Thanh Xuan, Hanoi.Phone: 024 7309 5555 Ext 292. 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