According to the Ho Chi Minh City Stock Exchange (HOSE), investor Tran Uyen Phuong sold 1.36 million YEG shares of Yeah1 Group on August 5 and August 9 to reduce her ownership rate in Yeah1 to 14.5% of capital, equivalent to 4.56 million shares.

Previously, on July 28, Phuong sold 251,600 YEG shares.

The price was not made public, but during that time the price for YEG fluctuated around VND15,000-VND16,000 per share. At the time Phuong bought YEG, the price was VND50,000 per share.

YEG was listed in mid-2018 at the price of VND300,000/share, equivalent to over VND9 trillion of capitalization. The stock has plunged to VND15,500/share, equivalent to a market capitalization of VND500 billion, meaning a loss of more than VND8 trillion of market capitalization.

The price for Yeah1 stock has dropped as the parent company incurred losses in two consecutive years, with negative after-tax profit of over VND385 billion in 2019 and nearly VND182 billion in 2020. Undistributed after-tax profit as of December 31, 2020 was negative VND219 billion.

After being forced to give up the game in Hollywood and temporarily put aside his billion-dollar ambition, the company of business of media and television tycoon Nguyen Anh Nhuong Tong incurred losses when the media commerce segment did business below cost and selling costs increased dramatically.

Recently, many tycoons in Vietnam have also encountered difficulties when expanding investment to other fields.

Thaco's owner, Tran Ba Duong, faced difficulties and had to divest from Hung Vuong Seafood JSC (HVG) after about a year of pouring money into the one-time "tycoon" of tra fish (pangasius).

Many major shareholders, including strategic shareholder ThaiBev in Sabeco, witnessed a decline in assets due to the plunge of Sabeco stock price due to many factors, such as the impact of the Covid-19 pandemic, and the issuance of Decree 100 on controlling traffic participants who drink alcohol.

Pyn Elite Fund and VinaCapital also lost money with their investment in Tasco (HUT). In previous years, many foreign shareholders suffered heavy losses from their investment in HAG shares.

In another development, Tan Lien Phat, an investor related to the Vingroup ecosystem, had to stop the investment deal in Truong Thanh Wood (TTF).

V. Ha

VN stock market could be at beginning of multi-decade growth

The Vietnamese stock market has been rising to historical levels in terms of points and liquidity, still has huge growth potential and could even be at the beginning of a multi-decade surge, according to investment fund VinaCapital.