A stock skyrocketed to 1 million VND/share, the 220 billion USD floor was boiling

The morning trading session of August 11 continued to witness a rare surge of cash flow into the stock market, causing the prices of most stocks to increase sharply. Liquidity soared to nearly 1 billion USD in the morning, much higher than the average morning liquidity of previous sessions.

At the end of the morning session on August 11, the VN-Index increased by 15.46 points (+1%) to 1,600.41 points. This is the first time in its 25-year history that the index has reached this milestone. The VN30 also increased by 1% to 1,745.96 points. The HNX-Index increased by nearly 0.9%. The Upcom-Index increased by 0.63%.

Cash flow poured into the stock market in the context of bank interest rates remaining at a relatively low level, credit growth in the first 7 months of the year was high, about 10% compared to the beginning of the year. By the end of June, credit increased by 19.32% compared to the same period, equivalent to about 2.2 million billion VND pumped into the economy .

Many large enterprises, including banks, real estate enterprises, and securities companies, recorded positive business results.

At the end of the morning of August 11, a total of 256 stocks increased in price, of which 12 stocks hit the ceiling, and only 125 stocks decreased in price.

In the group of 30 pillar stocks, the majority increased in price. Masan (MSN) shares hit the ceiling price of VND82,000/share. GVR also increased close to the ceiling price.

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Vietnam's stock market is no longer in a red-hot period. Photo: HH

Vingroup shares (VIC) increased by 1,400 VND to 118,400 VND/share.

Liquidity on HoSE floor reached 24.4 trillion VND.

On the Upcom floor, F88 shares of F88 Investment JSC continued to increase to the ceiling price of over 1 million VND/share after being listed on August 8 at 634,900 VND/share. Thus, F88 has a capitalization of about 8,300 billion VND (about 314 million USD).

Previously, on social networks and groups, many investors questioned what F88 had that made it so expensive and whether the valuation of 200 million USD was reasonable. The capitalization of 200 million USD is quite high compared to the average capitalization of more than 43 million USD (as of the end of June) of 310 listed companies on HNX, but lower than the average capitalization of more than 575 million USD (as of the end of June) of 389 listed stocks on HoSE.

F88 plans to list its shares on UPCoM and then on HoSE with a target capitalization of 1 billion USD by 2027.

Thus, the F88 stock price will then increase to about more than 3 million VND/share or/and the company will raise more capital, increasing the number of shares circulating on the stock market.

Common stock prices increase when business results improve, dividends are high, there is positive news and prospects…

F88 operates in the consumer financial services sector. In the second quarter of 2025, F88 recorded a 30% increase in revenue to VND925 billion, and pre-tax profit increased 3.2 times over the same period to VND189 billion.

By the end of June, F88 had 888 operating stores, with a net debt of more than VND5.5 trillion.

Total revenue in the first 6 months of the year reached VND1,744 billion, up 30% over the same period, and accumulated profit from the beginning of the year reached VND321 billion. Of which, the mortgage lending segment brought in VND1,521 billion, up 28%, revenue from insurance business and other sources reached VND199.6 billion and VND6 billion, up 45% and 360% over the same period, respectively.

In 2024, F88 recorded a profit after tax of nearly VND 362 billion, compared to a loss of nearly VND 529 billion in 2023. By the end of 2024, equity reached more than VND 1,792 billion. Total liabilities reached more than VND 3.3 trillion.

Vietnamnet.vn

Source: https://vietnamnet.vn/f88-vot-len-1-trieu-dong-cp-san-220-ty-usd-soi-suc-vn-index-tren-1-600-diem-2430805.html