In the last half month, cash flow focused on large and sensitive industry groups such as real estate and stocks, causing many stocks to drop dozens of percent. Securities A real estate stock increased 88% in 2 weeks of loss for the real estate group Lan Phuong • October 30, 2023 07:07 In the last half of the month, cash flow focused on large and sensitive industry groups such as real estate , stocks caused many stocks to drop dozens of percent.
The market just had a not very positive trading week when it recorded a decline in a series of industry groups. VN-Index accordingly experienced the second consecutive week with a decrease of over 4%, closing at 1,060 points. Average trading liquidity during the week decreased by 15% compared to the previous week to 14,081 billion VND/session.
Cash flow is still concentrated in the largest and most sensitive industry groups, real estate and securities. In particular, large and medium-cap real estate stocks decreased sharply such as VHM (HM:VHM), VRE (HM:VRE), CII (HM:CII), NBB (HM:NBB),... In the previous week, the group The real estate industry recorded many codes that decreased by 10-15% such as NTL, NHA, DIG (HM:DIG), SIP... In that context, a real estate and construction code, ACS, suddenly shone when it lifted. The stock increased by 47% and became the 2nd strongest rebounder of all 3 exchanges.
On the market, ACS has almost no liquidity, but in the past half month, each session, about 100-1,800 ACS shares have changed hands. The appearance of cash flow helped this ACS stock record many positive fluctuations with a amplitude of 13-14%. Closing on October 27, ACS market price reached 10,200 VND/share, equivalent to an increase of 88% in just 2 weeks of trading.
It is known that Construction and Trading 2 has traded ACS shares on UPCoM since mid-July 2017 with the first trading session closing price of 20,300 VND/share. So even though it has just had a strong upward momentum, the current market price of ACS is only half of the starting line.
Regarding the business situation, Commercial Construction 2, the Company operates in the field of civil engineering construction, industrial park infrastructure, railway and road construction, railway construction, sales machinery trading, real estate business...
With a charter capital of 40 billion VND, the business only profits a few billion/year or even just a few million VND. Specifically, according to the audited 2022 financial report, ACS recorded revenue of nearly 278 billion VND, down 33.59% over the same period; Profit after tax is only nearly 8 million VND, while in 2021 the profit was 2.47 billion VND.
Notable stocks on October 30: SAB (HM:SAB), NKG (HM:NKG), OCB
Stock commentary on October 30
