VietNamNet Bridge - For Vietnamese people in general and Vietnamese businessmen in particular, the Year of a Goat finished on February 7, 2016. And the businessmen born in the year of the goat now can sigh with relief as their critical year has finished.

 


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Nguyen Thanh Nam and Do Huu Ha

The shares of automobile enterprises witnessed a strong rise in prices in 2015. HTL and TMT, for example, saw prices increasing by several times. However, this did not happen with HHS. 

On January 29, HHS price decreased by VND1,700 per share, or 14.4 percent if compared with February 13, 2015, to VND10,100 per share. 

While the owners of other car companies had hundreds of billions of dong worth of stock assets thanks to the share price increases, Do Huu Ha, chair of Hoang Huy Investment & Service JSC, lost VND88.77 billion, which made his stock assets drop to VND527 billion. 

With the HHS price decrease, Ha has fallen to 29th on the list of Vietnam’s richest stock millionaire.

Hoang Huy was one of the businesses which met serious misfortune in 2015. False rumors which came repeatedly in 2015 prompted investors to bargain HHS away. 

Only when Hoang Huy announced that a Thai big conglomerate became its shareholder did HHS prices begin rising. However, the price increase could not last for a long time.

Nguyen Hong Nam, deputy CEO and member of the board of directors of the Saigon Securities Incorporated (SSI), also lost big assets last year.

Nam holds SSI and PAN shares. While SSI price stays at VND20,500 per share and his SSI stock value remains at VND554 billion, Nam has met misfortune with PAN. The price of the share dropped by VND4,300 per share to VND30,000 per share. He has lost VND8.2 billion.

Analysts noted that Ha Do JSC had good business performance in 2015, but HDG share price still decreased in the 2015 Year of a Goat. HDG prices dropped by VND4,200 per share to VND25,600 per share, causing Nguyen Van Tho, deputy chair of Ha Do, to lose VND22.89 billion.

However, while many businessmen born in the years of goat lost big money in 2015, the others made their fortune.

Dang Thu Thuy, a member of the board of directors of ACB Bank, was one. As ACB share price increased by VND2,900 per share to VND19,000 per share, Thuy’s stock asset value rose by VND31.84 billion to VND209 billion.

As BCI shares saw prices increasing by VND5,700 per share, Mui Tran Ngoc Henri, deputy chair of the Binh Chanh Investment & Construction Company, has VND32.96 billion more in stock assets.


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