The Hochiminh Stock Exchange receives an explanation document from Tien Bo Joint Stock Company (TTB) about the decrease in TTB’s stock prices in consecutive trading sessions as follows:
In Quarter III.2019, TTB gained 121.9 billion dongs of net revenue, increasing 60% compared to the same period of last year. And, its profit after tax was 8.9 billion dongs, ten times over the same period of last year. Besides, the Company’s accumulated profit in 09 months was more than 36 billion dongs, rising 40.6% compared to the same period of 2018. Business and investment activities of TTD are still normally as planned. Moreover, TTB’s investment projects are being implemented very well. Specifically, in the province of Thai Nguyen, Block A7 of TBCO RiverSide Project is being handed over to residents. For GreenCity Project in Bac Giang province, the third block (Lotus 2 Block) was started, CT1 and CT1A blocks are being completed with interior finishing work to hand over to the residents on schedule. The Company has no extraordinary activities leading the price dropping. TTC stock decreased in the recent trading sessions because of the demand of investors, out of the control of the Company. TTB will continue finding the reasons for the fluctuation of TTB stock in order to stabilize the stock as soon as possible.