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Shares put on warning lists as firms post losses

It has been months since the companies suffered losses, and investors are aware that any improvement will depend on not only the companies' actions but also macro-economic conditions,"大众the analyst, who wished to remain anonymous, said."大众— Illustrative Image/ Photo motthegioi.vn

HÀ NỘI  — HCM City and Hà Nội stock exchanges this week put shares of many companies on the warning list or under supervision, due to their losses.

On the HCM Stock Exchange (HoSE), SMC Trading Investment was put on the warning list today, as the firm posted an after-tax loss of nearly VNĐ 一 八 五 billion (US$ 八. 二 million) last year. 

The HoSE will also place steel maker Đại Thiên Lộc Corporation on the warning list tomorrow, as the company’s financial reports showed it suffered a loss of more than VNĐ 六 三 billion in  二0 一 五.

Tomorrow, the southern bourse will do the same for the Việt Nam Export Import Bank, or Eximbank, which witnessed accumulated losses over two consecutive years.

The bank’s undistributed profit of  二0 一 四 has been adjusted from VNĐ 一 一 四 billion to minus VNĐ 八 三 五 billion, and the undistributed profit of  二0 一 五 was about minus VNĐ 八 一 七 billion, according to its audited financial statements.

Vũng Tàu Construction and Real Estate will also be on the warning list of the HoSE tomorrow with an after-tax loss of more than VNĐ 五 billion reported in  二0 一 五.

Pomina Steel has also been placed on this list after posting a loss of roughly VNĐ 二 一 二 billion as of December  三 一,  二0 一 五.

Earlier this week, the Hà Nội Stock Exchange (HNX) put shares of several companies on the warning list after audited financial reports revealed negative figures in their after-tax records.

The companies included tobacco leaves producer Ngân Sơn, Việt Nam National General Export-Import JSC No  一 and Asia-Pacific Investment, besides travel firm Fiditour, Sông Đà Infrastructure Construction and Sông Đà JSC No  七.

Today, the HoSE put shares of some businesses under supervision because of their continuous losses over the last two years.

Among them was Việt Nam Ocean Shipping, which posted after-tax losses at minus VNĐ 一 四 四 billion in  二0 一 四 and some minus VNĐ 二 九 八 billion in  二0 一 五.

The other firm was Chang Yih Ceramic Porcelain Tiles, which witnessed after-tax losses of more than VNĐ 一 三 billion in  二0 一 四 and approximately VNĐ 三 七 billion in  二0 一 五.

Shares of marine transport firm Vinaship are also being supervised by the HoSE, after financial reports showed that company’s after-tax losses amounted to nearly VNĐ 六 九 billion in  二0 一 四 and some VNĐ 四0 billion in  二0 一 五.

Ninh Vân Bay Travel Real Estate is now being supervised by the southern exchange, with financial reports revealing negative figures in after-tax profit records. The figures were more than VNĐ 八 四 billion for  二0 一 四 and nearly VNĐ 一 二 八 billion for  二0 一 五.

Asked if the situation of these companies may affect investors’ psychology and local stock indices, an analyst at brokerage VietinBank Securities said, “No problem. This is a normal situation and investors understand it.”

“It has been months since the companies suffered losses, and investors are aware that any improvement will depend on not only the companies’ actions but also macro-economic conditions,” the analyst, who wished to remain anonymous, said.

“Personally I think the authorities revealing the names of the warned and supervised firms so soon at this time of the year is a good move. It shows that standards of the domestic stock market are enhanced, and it helps investors make better choices in their investments,” he said.

The HoSE and HNX stipulate that shares of a company will be put on the warning list if audited financial reports show that the firm suffers after-tax losses in the latest fiscal year. The shares will be placed under supervision if the company witnesses after-tax losses in the latest two consecutive years.

After-tax losses are just a basis for exchanges to decide on which companies to warn or supervise, besides some other bases related to reduction in charter capital, a halt in production and business activities, violation in information announcement and shortcomings in shares transactions.

A company will be taken off the warning or supervision lists if it manages to resolve the causes that lead to its unsatisfactory situation, according to the exchange regulations.

This week, the HoSE removed the warning for shares of Bà Rịa-Vũng Tàu Construction and Urban Development, and Sông Đà Urban Industrial Zone Investment and Development.

HNX has also taken shares of Bắc Kạn Minerals off the warning list. — VNS