Bamboo Capital stock hits ceiling for 5 sessions straight 'on market supply, demand'
The BCG stock hit its ceiling price for five consecutive sessions on the Ho Chi Minh Stock Exchange due to market supply and demand, Bamboo Capital Group stated in a document sent to regulators.

Bamboo Capital Group is a multi-sector business in Vietnam, engaging in renewable enegy, agriculture, construction, commerce, and real estate. Photo courtesy of the group.
The group explained to the State Securities Commission (SSC) and the bourse (HoSE) on Friday that the hikes, from November 25 to December 1, were beyond its control and the firm's operations were proceeding normally.
A company representative said that prior to this uptrend, BCG prices had gone down in tandem with the market decline and that, even now, the price was lower than the stock's real value.
However, the uptrend also showed that the firm has a strong foundation and massive potential to bounce back strongly upon positive developments in the market, the rep added.
At a meeting with investors last month, BCG vice chairman Pham Minh Tuan had said in the current situation, many businesses were facing challenges and BCG was not an exception.
“The firm has updated its business plan, closely followed the market, and made suitable plans. The current development may not reach expectations, but the BCG leadership firmly believes that long-term outcomes until 2025-2026 can fulfil the expectation,” he had noted.
The corporation earned after-tax profits of VND885.32 billion ($35.65 million) on revenues of VND3,311 billion in the first nine months of the year, up 26.24% and 73.81% year-on-year, respectively. BCG has maintained such growth from 2018 to now, with the growth in revenue and post-tax profit at 41.1% and 157.9%, respectively.
The gross profit margin and net profit margin in the nine-month period reached 35.2% and 27.7%, respectively.
By September 30, 2022, BCG’s total assets were VND43,752 billion ($1.76 billion), up 16.1% compared to the beginning of the year.
Owner equity jumped 63.3% to VND13,634 billion ($549 million) after the nine months. Its total-debt-to-equity ratio fell from 7.2 by end-2020 to 3.5 by end-2021 and 2.2 by September 30 this year, an average rate in comparison with competitors in the sector.
BCG shares closed up 3.97% to VND7,850 ($0.32) on December 2.
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