CII has a hard ceiling, many real estate stocks increase well when two land auction companies in Thu Thiem promise not to put down deposits
As of 10:00 a.m. trading session on March 22, real estate stocks in general continued to have a positive uptrend since yesterday. In particular, there were 2 stocks that hit the ceiling price, corresponding to an increase of 7%, namely CII (Ho Chi Minh City Technical Infrastructure Investment JSC) and NBB (Nam Bay Seven Investment Joint Stock Company). Some stocks with good gain were DIG (+3.8%), HDC (+3%), NVL (+2.9%), NHA (+2.5%).
The good performance of the real estate stock price reacted to the news of two businesses winning the auction of a land plot in Thu Thiem promising not to put down the deposit.
Recently, on March 21, Ho Chi Minh City Tax Department said that the department had a meeting with two businesses that won the Thu Thiem land auction at the end of 2021, Dream Republic Joint Stock Company and Sheen Mega Joint Stock Company.
Representatives of these two businesses said they were trying to mobilize financial resources and promised to try to pay the winning amount at the land auction in Thu Thiem as soon as possible. If these two businesses pay money, the Tax Department of Ho Chi Minh City will collect about 8,000 billion VND.
It is known that CII is an enterprise with a large land bank in Thu Thiem. The land auction in Thu Thiem taking place at the end of 2021 caused CII shares to explode. However, right after Tan Hoang Minh announced to drop the deposit in Thu Thiem on January 11, 2022, CII’s stock price plummeted without stopping, the price continuously fell to the floor. At that time, the CII stock price chart is likened to a pine tree.
Recently, the Ho Chi Minh City Stock Exchange (HoSE) said that CII shares are not eligible for margin trading because of the after-tax profit of the parent company’s shareholders on the consolidated financial statements. Most audited in 2021 is negative. However, before the newly updated information about Thu Thiem land lot, CII price still rebounded strongly.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
