HOT: HOT shares likely to be delisted

On February 01, 2023, the Hochiminh Stock Exchange (HOSE) issued a document announcing the possibility of delisting for the shares of Hoi An Tourist Holding Company (HOSE: HOT) due to the profit after tax of the parent company’s shareholders in 2020 was -25.07 billion dongs and 2021 was -21.098 billion dongs according to the audited consolidated financial statements in 2020 and 2021. In addition, the Company’s profit after tax in 2022 was -19.021 billion dongs and the undistributed profit after tax (accumulated losses) until 12/31/2022 was -64.448 billion dongs according to the consolidated financial statements in Quarter 4.2022. Because Hoi An Tourist Holding Company has suffered a loss in business results for 3 consecutive years 2020, 2021 and 2022, so the shares of Hoi An Tourist Holding Company are likely to be delisted if the audited financial statements in 2022 continue to have a negative profit after tax of parent company’s shareholders.