An auction of nearly 80 million Seaprodex (SEA) shares owned by SCIC, with a starting lot price of over VND 8,500 billion, scheduled for 09:00 on November 2 will not take place because no investors registered by the 15:30 deadline on October 26. This is the second time HNX cannot hold the auction; the previous session scheduled for September 29 also drew no bidders. SCIC holds 63.38%, while Ngân Hiệp Real Estate JSC (24.03%) and Redwood Investment JSC (8.44%), both linked to Novaland, hold about 32.47%. Seaprodex's most notable asset is the 1,522 m² land plot at 2-4-6 Đồng Khởi, which also houses its headquarters and is planned for a mixed-use complex of up to 20 storeys. In the first half of the year, Seaprodex posted net revenue of nearly VND 435 billion and profit after tax of over VND 100 billion.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Thương vụ đấu giá gần 80 triệu cổ phiếu Seaprodex lại bất thành
Keywords
Open a keyword to see other news on the same topic.
Related news
- Why was the auction of over 79 million SEA shares owned by SCIC cancelled?
The HNX said it would not hold the auction of over 79.2 million SEA shares owned by SCIC in Seaprodex, scheduled for 2 November 2026 with a starting price of over 8,509 billion VND per lot, because no investor registered to buy by the 15:30 deadline on 26 October 2026. An earlier auction planned for 29 September 2026 also did not take place, as no investors registered to participate by 22 September. For Q3 2026, Seaprodex reported net revenue of nearly 151.8 billion VND, down 31.8%, while net profit reached over 56.5 billion VND, up 55.2%. Over the first nine months, net revenue was nearly 586.4 billion VND, up 5%, and after-tax profit was over 157.1 billion VND, up 8.9%.
- Sunshine Group Earns VND 5,900 Billion After Nine Months
Sunshine Group recorded consolidated pre-tax profit of about VND 5,900 billion in the first nine months, 2.9 times the first three quarters of 2025, though this already reaches about 40% of its full-year 2026 profit target. Net revenue reached about VND 11,910 billion, more than 2.4 times last year, with gross profit of VND 6,580 billion. As of September 30, total consolidated assets were nearly VND 121,000 billion and equity exceeded VND 23,200 billion. Buyer advances rose by more than VND 7,500 billion to over VND 32,000 billion, mainly from key projects such as Noble Palace Tay Thang Long, which contributed nearly VND 13,000 billion.
- Vingroup records pretax profit of over $1 billion in a quarter for the first time
Vingroup posted pretax profit of nearly 29,940 billion VND, about $1.1 billion, in the third quarter, driven by real estate. Group revenue reached nearly 150,580 billion VND, roughly four times last year's level, with real estate contributing nearly 98,500 billion VND, or over 65% of the total. The manufacturing segment brought in 36,705 billion VND but recorded a gross loss of over 14,430 billion VND. For the first nine months, after-tax profit reached 43,700 billion VND, up more than 500%. As of September 30, total liabilities stood at 1.38 million billion VND, while equity was only 236,319 billion VND. VNDirect expects real estate to remain the main pillar, contributing at least 50% of revenue and profit over the next five years.
- Discussion on the draft amended Law on Real Estate Business: Not letting developers deliberately commit violations and then 'just pay a fine and it's over'
On 30 October, the National Assembly debated the draft amended Law on Real Estate Business in plenary session. Deputy Vũ Văn Tiến (Hai Phong delegation) cited more than 3,900 apartments in Muong Thanh Group projects in Hanoi that are included in a planned plan to address violations of planning and construction order. He urged tighter control from the point of sale, cross-checking apartment lists against approved documents, publishing lists of eligible units, clarifying each agency's responsibility, and requiring developers to bear full responsibility and recover unlawful gains rather than simply paying fines. On contract transfers, delegates said deposits for future housing should be capped at 5% and collected only once the property is eligible for business; Tô Ái Vang (Can Tho delegation) proposed placing the deposit in a blocked account, while Dương Khắc Mai (Lam Dong delegation) warned of collections under names such as 'slot reservation' before they are permitted.
- Unprecedented: Vinhomes posts record 9-month profit of over VND 75,000 billion, exceeding 25% of full-year plan
Vinhomes (VHM) released its consolidated Q3/2026 financial statements under Vietnamese Accounting Standards (VAS), reporting nine-month profit after tax of VND 75,059 billion, up 390% year on year and already above its full-year plan. Net revenue for the nine months reached VND 202,586 billion, up 302%; in Q3 alone, profit after tax was VND 23,021 billion, up 419%, and gross margin was 60.3%. Nine-month sales bookings reached VND 219.6 trillion, up 35%, while pre-sold but undelivered sales at the end of Q3 stood at VND 185.6 trillion. Total assets as of 30/09/2026 were VND 1,339,199 billion, with a debt-to-total-assets ratio of 0.18 and an interest coverage ratio of 11.3 times. A Vinhomes–SGC joint venture signed a turnkey contract on 15/10 to build five Hanoi Metro lines, with total investment of about VND 900 trillion.
- National Assembly Deputy: Flipping of Off-Plan Home Purchase Contracts Must Be Banned
At the National Assembly session on 30/10 discussing the amended Law on Real Estate Business, deputy Lê Thanh Hoàn proposed banning the transfer of contracts to buy future-formed housing, arguing the practice lets early buyers flip contracts for short-term gains and pushes genuine home buyers out of the market. Several deputies also proposed banning developers from collecting deposits or reservation fees before projects meet legal conditions; deputy Tô Ái Vang suggested that 5% of deposits be placed in a blocked account at the project's guarantor bank. Minister of Construction Trần Hồng Minh said the draft already bans collecting deposits before projects are eligible and that violations will be handled under civil law. The National Assembly plans to consider and adopt the law on 21/11.
Related markets
Latest news
- Alamos Gold's 2027 Outlook: Production Set to Jump as an $835 Million Expansion Wraps Up
Alamos Gold's shares have fallen this year after a seismic event at its underground Young-Davidson mine and delayed leach recoveries at La Yaqui Grande. The stock trades at $27.45, down 12% over the past year. Hidden Gems' AI-powered scoring gives the company a Superscore of 87 out of 100 (Strong), ahead of roughly 98 of every 100 companies in its database. Strengths cited include record revenue of $1.8 billion, $352 million in free cash flow, a 44% operating margin in fiscal 2025, and seven consecutive years of reserve growth. Risks noted include mining's operational volatility, execution on the Magino mill and Island Gold shaft projects, dependence on gold prices, and a trailing P/E of 13.16.
- Caledonia Mining’s 2027 Outlook: $150 Million Raised for Bilboes and a Dividend That Keeps Paying Through the Turbulence
Caledonia Mining shares traded at $20.25 as of October 30, down 28% over the past year despite strong revenue growth. Hidden Gems rates the company 79 out of 100 on its Superscore (Strong), ahead of roughly 88 of every 100 companies scored. Highlights include 2025 revenue up 39% to $254 million, a 46% operating margin, operating cash flow up 82% to $76 million, and a $150 million convertible note to fund the Bilboes project. Risks include jurisdiction risk in Zimbabwe, 2026 all-in sustaining cost guidance raised to $2,650 to $2,850 per ounce, and full-year production guidance cut to 69,000 to 72,500 ounces after third-quarter output fell 11% on delayed compressor deliveries. Management expects 2027 production to exceed the previous guidance range.
- Anthropic Intends to Trade on the Nasdaq Under the Ticker ANT
Anthropic has filed a prospectus for an IPO expected to trade on Nasdaq under the ticker ANT, though it has not yet set a price. Its second-quarter revenue rose nearly 15-fold year over year to $11.6 billion, with 11,900 customers paying at least $100,000 and 1,900 paying at least $1 million. Operating income reached $974 million in Q2, reversing earlier quarterly losses, while the net loss widened to $66 billion due to a non-cash charge tied to some private fundraising rounds. The 94 pages of risk factors warn that AI models may act in unintended or misaligned ways, and also cover competition, compute costs and concentrated voting rights in management. The prospectus omits third-quarter results, and the IPO price is expected to be set after a roadshow with potential investors.
- 1 Great Number From Anthropic's IPO Prospectus and 1 Number That Disappointed
Anthropic has released its IPO prospectus, a filing of over 400 pages, ahead of an IPO that could raise $100 billion at a valuation of up to $2 trillion. On the positive side, revenue from outside its top five customers made up 79% of third-quarter revenue, no customer exceeded 10% of revenue in the nine months ended Sept. 30, and more than 11,900 customers spent over $100,000 in the trailing 12 months, accounting for 74% of revenue in the first half of 2026. The weaker figure is third-quarter revenue of roughly $16.9 billion, up about 47% from the second quarter, slower than the 144% growth seen in the second quarter versus the first. Some Wall Street analysts suggested growth may not be sufficient at the desired valuation, with Saxo Markets saying valuation will be the big debate, while D.A. Davidson attributed the slowdown to competition from frontier models such as OpenAI's and open-weight models rather than weaker broader AI demand.
- Home Depot Is Down 24% From Its High. Here's Why I'd Hold It for a Decade.
Home Depot, a blue chip home improvement retailer with more than 2,000 stores worldwide, has high profit margins and a high return on capital, but its shares are down 11% over the past five years, well behind the S&P 500 amid a weak housing market. The author still believes the stock is worth holding for the next decade, citing four reasons: its position as one of two dominant players alongside Lowe's, a focus on professional contractors including the SRS Distribution acquisition, a leadership position that faces little disruption from Amazon because many products are bulky, and an expected housing rebound given an estimated shortage of around 4 million homes. The company forecast a 12.5% operating margin, versus a historical level closer to 15%, and had a 25.7% return on invested capital in 2025.
- 5 insightful analyst questions from Microsoft’s Q3 earnings call
Microsoft's third quarter beat Wall Street expectations, with revenue of $92.28 billion versus $90.64 billion expected (1.8% beat) and GAAP EPS of $4.92 versus $4.72 (4.3% beat). Management credited wide adoption of its cloud and AI offerings, particularly Copilot and Foundry, for rapid growth in enterprise demand, and CEO Satya Nadella said automated tasks have nearly doubled since July. Gross margin was 67.8%, down from 69% a year earlier, while operating margin of 49.8% was in line with the prior year; market capitalization stood at $3.94 trillion. The article also reviews five analyst questions from the call, covering long-term return drivers, Azure growth, enterprise versus digitally native AI workloads, operating margin sustainability, and usage-based billing outside coding.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.