New Risk • Jun 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Revenue has declined by 16% over the past year. Market cap is less than US$10m (₫64.0b market cap, or US$2.43m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.2% net profit margin). Revenue is less than US$5m (₫46b revenue, or US$1.8m). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫10,400, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 11x in the Basic Materials industry in Vietnam. Total returns to shareholders of 55% over the past three years. New Risk • Apr 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 130% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 11% over the past year. Market cap is less than US$10m (₫54.4b market cap, or US$2.07m). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin). Revenue is less than US$5m (₫47b revenue, or US$1.8m). New Risk • Mar 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 11% over the past year. Market cap is less than US$10m (₫59.5b market cap, or US$2.26m). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Revenue is less than US$5m (₫47b revenue, or US$1.8m). Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: ₫565 (vs ₫1,075 in FY 2024) Full year 2025 results: EPS: ₫565 (down from ₫1,075 in FY 2024). Revenue: ₫47.2b (down 11% from FY 2024). Net income: ₫3.17b (down 48% from FY 2024). Profit margin: 6.7% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 18% over the past year. Market cap is less than US$10m (₫61.2b market cap, or US$2.32m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (₫56b revenue, or US$2.1m). New Risk • Mar 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 18% over the past year. Market cap is less than US$10m (₫61.2b market cap, or US$2.32m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (₫56b revenue, or US$2.1m). 공시 • Mar 04
Hoang Mai Stone Joint Stock Company, Annual General Meeting, Apr 10, 2026 Hoang Mai Stone Joint Stock Company, Annual General Meeting, Apr 10, 2026. Location: at the meeting hall of hoang mai stone jsc, tan thanh block,hoang mai ward, nghe an province, Vietnam Reported Earnings • Apr 24
First quarter 2025 earnings released First quarter 2025 results: EPS: ₫57.77. Net income: ₫324.2m (up ₫324.2m from 1Q 2024). 공시 • Mar 19
Nguyen Hai Duy acquired 4.90% stake in Hoang Mai Stone Joint Stock Company (HNX:HMR). Nguyen Hai Duy acquired 4.90% stake in Hoang Mai Stone Joint Stock Company (HNX:HMR) on March 12, 2025.
Nguyen Hai Duy completed the acquisition of 4.90% stake in Hoang Mai Stone Joint Stock Company (HNX:HMR) on March 12, 2025. 공시 • Mar 15
Hoang Mai Stone Joint Stock Company, Annual General Meeting, Apr 29, 2025 Hoang Mai Stone Joint Stock Company, Annual General Meeting, Apr 29, 2025. Location: at the hall of hoang mai stone, joint stock company, tan thanh block, quynh thien ward, hoang mai town, nghe an province., Vietnam New Risk • Feb 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$10m (₫84.7b market cap, or US$3.31m). New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (₫51.1b market cap, or US$2.09m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).