Storms Hit the Market, One Stock Unexpectedly Surges ‘Tight’ for Dozens of Sessions, Price Doubles in Just Two Months

The Vietnamese stock market is currently experiencing turmoil, with the VN-Index adjusting below 1,700 points due to selling pressure and unstable investor sentiment. However, HID shares from Halcom Vietnam Corp stand out with significant gains, recording 10 consecutive sessions of maximum increases over two months, rising from 3,120 VND to 6,740 VND per share, equivalent to a 115% increase. Previously, the liquidity of this stock was low, but it has now become active, with trading volumes exceeding 1 million shares daily. Halcom’s management attributed the strong share price increase to favorable business results in Q2 of fiscal year 2025, reporting revenues of 209 billion VND, 2.2 times higher than the same period, with profits around 59 billion VND. In the first six months, total revenue reached 330 billion VND, a 94% increase from the prior year.