In particular, the most notable case is the BKC stock of Bac Kan Mineral Joint Stock Company. In this morning's trading session (February 26), BKC shares continued to decrease sharply for the second consecutive session, the market price was pushed down to VND 75,600/share (-10%; - VND 8,400 compared to the previous session) after climbing close to VND 100,000/share. The sharp decline in market prices has ended the streak of sweeping increases for 19 consecutive sessions of this stock since January 21.
In particular, the concentrated increase has mainly appeared since the end of 2024 until now, after 3 months of increase of 700%. From a price of more than VND 10,000 in December 2024, this stock has at times increased to VND 93,300/share, before cooling down. According to data, after a year, the market price of this stock has increased by more than 1,000%.
The leaders of Bac Kan minerals have also sent at least two documents to the Hanoi Stock Exchange (HNX) explaining BKC shares about the ceiling increase for many consecutive sessions.
In explanatory documents, Bac Kan Mineral Joint Stock Company stated that the financial report for the fourth quarter of 2024 had many positive changes with net revenue growing 32% and after-tax profit increasing by 1,528% compared to the fourth quarter of 2023. The company's business results are positive thanks to stable growth from the zinc ore market and the company continues to sell zinc ore in stock during the period.
The company believes that good information from production and business activities is one of the factors that have positively affected stock prices in recent times. In addition, the price movements of BKC shares completely reflect the objective supply and demand movements of the stock market and are beyond control, the company does not have any impact that directly affects stock prices in the market.
Currently, Thien Ma Group Company Limited is the largest shareholder of the company with 25.5% capital. Regarding business lines, the enterprise is currently focusing mainly on mineral exploitation and processing (lead and zinc ore) in Bac Kan province and neighboring provinces. Accumulated for the whole year of 2024, BKC's net revenue and pre-tax profit will reach 567 billion (up 29%) and 66 billion (up 991%), respectively. This is also a record high revenue and profit since BKC went into operation.
In a similar situation are KSV shares of TKV Mineral Corporation. After a sharp increase in the wave of mineral stocks in the past, in the last 4 trading sessions, the market price of this stock has decreased sharply, including two floor declines on February 24 and 25. Currently, this stock is trading around 180,000 VND/share after at one point increasing to more than 257,000 VND/share on February 20. The company's capitalization has decreased by more than VND 15,500 billion
Recently, many mineral stocks have been in a wave when China announced the imposition of tariffs and tightened exports of many important minerals to the US. This move is in response to the US government's announcement of an export ban on 24 types of chip manufacturing equipment and three types of important software for semiconductor development to China.
