Masan’s Stocks Surge Following New Information from SK, Supporting VN-Index

In the morning session of March 27, stocks of Masan Group (MSN) surged 2.64% to 70,100 VND/share, bolstering the VN-Index. Other stocks in Masan’s ecosystem like MCH and MML also saw slight increases, while MSR dropped by 0.5%. By 9:50, MSN had the highest net buying value from foreign investors at 33 billion VND. New reports from SK Group revealed they are reclassifying Vingroup stocks and will no longer hold shares in Masan by the end of 2024, although they maintain partial stakes in two subsidiaries of Masan. For 2025, Masan aims for revenues between 80,000 and 85,500 billion VND, with net profit projections ranging from 4,875 to 6,500 billion VND, indicating strong growth prospects.

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