After spending 900 billion, 6 investors temporarily lost nearly 100 billion when stocks unexpectedly dropped to the floor

On December 11, 6 investors successfully auctioned 24.9 million shares of Petrosetco (code PET) at a price of 36,500 VND/share, with a total value of about 910 billion VND. However, on the same day in the afternoon trading session, PET shares dropped to the floor at 32,600 VND/share, causing this group of investors to incur a temporary loss of nearly 100 billion VND. The acceptance of a high price may reflect the expectation of the company’s long-term value. Petrosetco primarily operates in the distribution of electronic devices and is planning to change its distribution model to improve profits, although significant investment in working capital is necessary. In the first 9 months of 2025, the company recorded revenue of 14.216 trillion VND and after-tax profit of 247 billion VND, a 56% increase compared to the previous year. The financial situation shows that the company has liabilities up to 9.2 trillion VND, while PVN’s ownership ratio has decreased to 0%, making way for a new group of individual investors.