Trinh Van Quyet was detained for 3 months, assets fluctuated continuously, how much is left?

Despite being detained and his securities account being blocked for investigation, with this asset, Mr. Trinh Van Quyet is still one of the richest people on the stock exchange today.

On March 29, the Investigative Police Agency of the Ministry of Public Security issued a decision to prosecute the case and prosecute the accused with Mr. stock market manipulation. 3 months since Mr. Trinh Van Quyet was arrested and detained for investigation, the stocks of the FLC family have also experienced strong fluctuations.

Specifically, in addition to the stock code GAB of FLC Asset Management & Mining Investment JSC, which has not had any transactions during the past 3 months, the remaining stocks that Mr. Trinh Van Quyet is holding are FLC, ROS and ART. All of them had greater fluctuations than the decline of Vietnam's stock market.

Specifically, the stock code FLC of FLC Group has just had a series of 6 consecutive ceiling gains from June 22-29 to close at 5,660 dong/share. However, compared to the time when Mr. Trinh Van Quyet was detained, the market price of FLC also recorded a decrease of 55%. Compared to the peak price of 22,550 dong set in the trading session on January 7, FLC has decreased by 75% after nearly half a year.

The market price of FLC recorded a ceiling increase for 6 consecutive sessions in the context that the Group will hold the second Extraordinary General Meeting of Shareholders on July 2. Previously, the 1st Extraordinary General Meeting was held on June 10 but was unsuccessful due to insufficient shareholders attending.

The 2nd Extraordinary General Meeting is expected to elect three additional members of the Board of Directors to replace Mr. Trinh Van Quyet, Ms. Huong Tran Kieu Dung and Mr. La Quy Hien, and at the same time elect all three additional members of the Supervisory Board.

The stock ticker ROS of FLC FAROS Construction Joint Stock Company had a series of 6 consecutive gaining sessions, including 5 ceiling sessions (June 22-28) to close the session on June 29 at a price of VND 3,090/share. . However, compared to 3 months ago, the market price of this stock has also recorded a decrease of 62%.

Stock code ART of BOS Securities closed the trading session on June 29 at the price of 4,800 VND/share. After 3 months since Mr. Trinh Van Quyet was detained, the market price of this stock also recorded a decrease of 51%.

Calculated at the market price at the end of the session on June 29, Trinh Van Quyet's assets on the stock exchange are worth more than 2,803 billion dong. In general, Mr. Trinh Van Quyet's assets recorded a decrease of 37% compared to the end of the trading session on March 29.

Commenting on the market trend in the last trading session of June, an expert of Vietcombank Securities Company (VCBS) said that on technical analysis, the index still maintained a positive signal when closing above the MA10 moving average. , now the MACD has crossed the signal line and moved up, showing that a rally might be possible in the coming sessions. However, the increasing margin will not be too strong and the divergence between industry groups may continue to be clearer. If investors already have a low-priced position, they should observe an increase in the proportion of the market's corrections, prioritizing stocks that are expected to have good business results in the second quarter.

With the same opinion, an expert of MB Securities Company (MBS) said that technically, the two-bottom recovery pattern of the VN-Index continues to be consolidated, the liquidity drop at the drop on June 29 is a signal. positive, besides that, groups of stocks still kept the market rhythm when basic factors such as macro variables, business results or NAV closing activities will be factors to support the market. . Therefore, the corrections during the session are still opportunities for late cash flow.

An expert of Saigon - Hanoi Securities Company (SHS) said that from a long-term perspective, the market is expected to tend to accumulate gradually, at the current price range, the stock price level is still attractive because P/E price is low in the context that the recovery of the economy after the pandemic is still maintained, GDP growth rate in the second quarter of 2022 increased by 7.72%, the highest in the past decade, many listed companies is forecast to continue its profit growth momentum in this quarter.

Value and long-term investors may be looking for disbursement opportunities at this stage. With the view that the market is forming an accumulation zone, long-term investors should consider disbursing part by part because the accumulation process can take a long time.

As for the short-term view, VN-Index successfully tested the support level of 1,160 and is in a recovering trend towards the 1,300 area and will create many short-term buying opportunities.

Trinh Van Quyet was further prosecuted for fraud to appropriate property, "fog" 6,412,480,399,700 VND Jennie10:41:02 26/08/2022Initially determined, as of February 24, 2021, Trinh Van Quyet directed Trinh Thi Minh Hue to sell all ROS shares named Trinh Van Quyet and ROS shares named after 05 other individuals. On August 25, according to Tuoi Tre Online's own source, the Investigative Police Agency of...