Despite the market fluctuations, a stock quietly rises to the ceiling for 15 consecutive sessions, tripling in value

The stock HRC of Hoa Binh Rubber Corporation has increased to its ceiling for 15 consecutive sessions, closing at 77,400 VND on March 10, representing a 172% increase from 28,450 VND at the beginning of February. The company’s market capitalization has risen from 859 billion VND to over 2,337 billion VND. The average trading volume remained low, under 50,000 shares per session. Company leaders stated that the price fluctuations were due to market supply and demand, with no influence from the company itself. Investors are hopeful for the divestment of state capital from the Vietnam Rubber Industry Group (GVR), which controls over 55% of HRC’s capital. Financially, the 2025 report indicates expected revenue of 244 billion VND, with a net profit of 35 billion VND, and total assets nearing 860 billion VND, comprised of 230 billion VND in liabilities and 628 billion VND in equity.