|
STP: Explanation for 10 consecutive session ceiling hitting
On 28/08/2008, Song Da Industry Trade JSC explained the stock ceiling hitting for 10 consecutive sessions from 14/08/2008 to 27/08/2008 as follows:
- Company’s operation in July, 2008 is better:
+ Revenue: VND 12.969 bil. increasing 17% against the plan.
+ Profit after tax: VND 1.4 bil. increasing 41.3% against the plan.
- Due to the positive development of the market, the possible contingency of stock price deduction is lower and will add to the profit of the company in the following months.
- Mining project in Yen Bai province has been carrying out and producing since August 2008.
- In recent time, with the positive macro economic development, Vietnamese securities market is better with strong increase in stock prices. Furthermore, STP price was low at that time and the expectation of investors about the company’s development potential, the price of the company’s stock (STP) has been hitting ceiling for 10 consecutive sessions.
HaSTC
|
