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At the close on May 13, Hoa Binh Rubber Joint Stock Company's HRC shares marked five consecutive days of limit-up, rising to 48,150 dong per share. Liquidity also improved markedly from a few hundred to more than 1,000 shares traded per session since late April; to date, more than ten thousand HRC shares have been matched. Market capitalization exceeded 1.45 trillion dong. Earlier, the stock drew attention with a near-20-session streak of limit-ups, pushing the price from around 30,000 dong to nearly 100,000 dong, a rise of about 220% in roughly one month. However, after hitting the peak, the stock corrected quickly with nine straight limit-down sessions from March 17 to March 27, pulling the price below 50,000 dong per share, and continuing to weaken to 34,400 dong on May 6. Although HRC has rebounded to the highest level in more than a month, the stock remains about 50% below its peak. Under regulations, when a stock price hits the limit for five consecutive sessions, the company must publish an explanatory document. In several explanations in March, Hoa Binh Rubber's management said the prolonged price rise originated from supply and demand in the market. The company stated there was no impact on the stock price and that business operations continued normally. Hoa Binh Rubber currently has charter capital of 302 billion dong, a subsidiary of Vietnam Rubber Group – JSC (HOSE: GVR) with a 55% ownership. The rally is driven by expectations related to restructuring plans and reducing the government's stake in this shareholder. Turning to operations, the current uptrend appears after the company reported strong Q1 2026 results. According to the financial statements, net revenue reached 95 billion dong, up 2.5 times year-on-year, with rubber revenue contributing 94 billion. After deducting cost of goods sold, gross profit reached 15 billion dong, doubling year-on-year. After accounting for costs, the company posted net profit after tax of 7 billion dong, up five times from Q1 2025. In Q1, extraction production reached 435 tons, while processing production reached 747 tons. In March 2026, the company temporarily halted latex tapping as the grove enters the leaf-fall season. In cumulative Q1, production reached 388 tons, equivalent to 11.44% of the annual plan. Sales production reached 1,857 tons, corresponding to revenue in billions of dong.
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