SD4: Explanation for consecutive floor plunge from 22/07/2008 to 05/08/2008
As requested by HaSTC, Song Da 4 JSC explained the consecutive floor plunge of its stock from 22/07/2008 to 05/08/2008 as follows:
Operating income of the company in the first half of 2008:
Items
2008 plan
First 6 months of 2008
Percentage (%)
Production
346
140
40
Gross revenue
323
129.8
Construction income
115.4
64
55
Industrial production income
23.6
6.2
26
Construction service income
184
59.6
32
Profit before tax
15
2.6
17.4
Explanation for the operating result of the first half of 2008
- The financial market has been seeing unpredicted fluctuation. Too high interest rate and material costs made the company’s production and business effectiveness decrease. The price compensation was carried out slowly by the main investor and the disbursement for the completed works was delayed because the central bank has tightened its monetary policy.
- Currently, the Company’s operation has been performed normally.
- It can be seen that the floor plunge of the company’s stock is partly due to the low production and business target, however, largely due to the supply and demand of the stock market and investors.
HaSTC
> Hoa Phat Group sees good growth (21/08/2008)
> BVSC: Closes order-receiving agency (21/08/2008)
> VIC: Resolution of shareholders’ meeting (21/08/2008)
> PAC: Adjusting profit 2008 (21/08/2008)
> PET: Trading of affiliated person (21/08/2008)
> VNA: Approval of listing stock (21/08/2008)
> Hoa sen: HOSE received the first listing registration document (21/08/2008)
> ST8: Listing additional shares (21/08/2008)
> TXM _QII.2008_Financial Statement (05/08/2008)
> TV4 _QII.2008_Financial Statement (18/08/2008)
