AsemconnectVietnam - In the session of August 5, the whole market fell sharply, but KSV shares of TKV Minerals Corporation - JSC still increased to the full range and set a new historical peak. At the same time, KSV also reported record profits in the second quarter.

In the 5 sessions from July 30 to August 5, KSV hit the ceiling for 5 consecutive sessions, pulling the stock from the price range of VND36,000/share to the historical peak of VND57,700/share, equivalent to an increase of more than 60%. KSV is listed on HNX, so the fluctuation range is larger than that of HOSE.
According to regulations, KSV will soon have to publish a document explaining the above stock developments.
TKV Minerals is a subsidiary, with Vietnam National Coal and Mineral Industries Group (TKV) holding more than 98% of its charter capital, and the free float on the market of KSV is less than 2%. Previously, stock liquidity was only a few thousand to a few tens of thousands of units per session, but in 5 sessions of shocking increase, KSV's trading volume increased dramatically to an average of more than 321,950 units/session.
KSV operates mainly in the field of mineral exploitation such as rare earth, gold, silver, zinc, copper, aluminum... and is the enterprise that owns the rare earth mine with the largest reserves in the country. KSV's rare earth reserves are mainly concentrated in Dong Pao mine in Tam Duong district, Lai Chau province with reserves of over 11.3 million tons, accounting for more than half of the country's rare earth reserves.
Rare earth is an important and indispensable component in many modern technologies, especially in the semiconductor and electronics industry - the development orientation and investment attraction of the Government.
In recent times, KSV shares have had an additional catalyst from strong business growth results. KSV's net revenue in the second quarter reached VND3,432 billion, up 5.7% over the same period last year. Thanks to a 15% decrease in cost of goods sold, down to VND2,600 billion, gross profit was 4.3 times higher than the same period, reaching VND832 billion.
After deducting expenses and taxes, KSV's after-tax profit was nearly VND494 billion, while in the same period last year it lost more than VND24.5 billion. This is also KSV's record quarterly profit ever. The company said that the average selling price of KSV's main products such as copper plates, gold, silver, and magnetite concentrate increased compared to the same period, helping to increase profits.
In the first 6 months of the year, KSV brought in VND6,583 billion in net revenue and VND566 billion in profit after tax, an increase of 18% in revenue and 757% in profit compared to the same period in 2023.
As of June 30, 2024, the total assets of the enterprise reached VND10,483 billion, an increase of more than 12% compared to the beginning of the year. Of which, the enterprise owned VND375.3 billion in cash and cash equivalents, an increase of 42%; short-term receivables increased sharply by 135%, to VND1,556 billion; inventories also increased by nearly 26%, to VND2,896 billion.
On the other side of the balance sheet, KSV's payables were VND7,183 billion, also up 12%. The enterprise's short-term and long-term loans were VND2,364 billion and VND1,532 billion, respectively. The D/E ratio is approximately 2.18.
N.Nga
Source: VITIC/Tinnhanhchungkhoan