DXG shares suddenly hit floor price

Gia Miêu |

DXG shares of Blue Marq Group Joint Stock Company suddenly fell to the full range on the day of announcing the new name.

In the trading session on May 20, the real estate stock group became the focus of fluctuations in the session when a series of codes such as DXG, NVL, DIG, PDR, HDC, TCH, HHS, DXS or CII... at times fell to the floor price. However, bottom-fishing demand helped most stocks significantly narrow downward momentum towards the end of the session, even some codes reversed to increase in price, only 3 codes HHS, HAR and DXG fell to the floor price.

In addition to the 3 codes falling to the floor price, codes falling more than 5% include HDC, CII, DIG and HTN; while NVL and EVG fell more than 4.5%; SCR, KDH, LDG, DXS and VPH fell more than 3%; HDG only decreased by nearly 3%, PDR also only decreased by nearly 2.7%.

Among them, DXG shares of Dat Xanh Group plummeted to the limit of 14,900 VND/share, with liquidity skyrocketing to more than 48.5 million shares traded.

Also today, May 20, Dat Xanh Group Joint Stock Company officially announced its new name as Blue Marq Group Joint Stock Company, and launched a new brand identity. The Group's stock code DXG on HoSE continues to be maintained.

Blue Marq Group currently has consolidated total assets of over 38.100 billion VND, charter capital of over 11,141 billion VND, and a team of over 4,500 employees. In parallel with the parent company, a series of member units also simultaneously changed their names. Specifically, Ha An Real Estate Business Investment Joint Stock Company (HAAC) has changed its name to Bluemarq Development Joint Stock Company from April 23, 2026. Dat Xanh Commercial Investment Joint Stock Company changed to Bluemarq Asset Management Joint Stock Company.

The State Securities Commission (SSC) recently also said that it has received complete documents reporting the issuance of shares to increase share capital from DXG's equity (bonus shares) and requested the enterprise to comply with regulations.

According to the previously approved plan, Blue Marq Group is expected to issue more than 155.7 million shares to existing shareholders. The implementation rate is 14%, corresponding to shareholders owning 100 shares receiving an additional 14 new shares. Additionally issued shares are not restricted from transfer. The total value of the issuance calculated at par value is more than 1,557 billion VND. If completed, Blue Marq Group will increase its capital from more than 11.1 trillion to nearly 12.7 trillion VND.

Regarding business operations, Blue Marq Group started the first quarter of 2026 with consolidated revenue increasing by 59% compared to the same period, reaching more than 1,467 billion VND and after-tax profit of more than 214 billion VND, an increase of 173%.

In 2026, Blue Marq Group set a revenue target of 5,000 billion VND and after-tax profit of 268 billion VND, corresponding to a growth rate of about 16%. With this plan, DXG has achieved 80% of the profit target, although it has only reached more than 1/4 of the revenue target after the first quarter of 2026.

Gia Miêu
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