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From the start of trading on April 22, SJ Group’s stock (ticker SJS) attracted strong buying interest. The price quickly reached the ceiling at 58,700 VND per share, while selling pressure eased.
Recently, SJ Group released its Q1 2026 financial results, showing a sharp improvement that investors have highlighted as a potential catalyst for a breakout.
After deducting selling expenses and management costs, the company reported pre-tax profit of nearly 220 billion VND in Q1 2026. SJ Group attributed the increase in net profit to the continued operation of the Nam An Khanh project.
On the asset side, as of March 31, 2026, SJ Group’s total assets exceeded 7,991 billion VND, up 111 billion VND compared with the beginning of the year.
On the financing side, equity stood at 3,617 billion VND, with undistributed after-tax profits over 544 billion VND. Total short- and long-term borrowings were 1,170 billion VND.
By the end of Q1, SJ Group recorded a trading securities investment at cost of nearly 18 billion VND, unchanged from the start of the year. However, the company recognized provisions of more than 12 billion VND, implying an estimated loss of about 69%.
The portfolio includes shares of:
According to initial findings, SJ Group (SJS) originated as a subsidiary of Song Da Corporation, founded in 2001. In April 2022, Song Da completed its divestment, and Sudico became a publicly traded company with 100% private capital. Previously named Urban Development and Song Da Industrial Park Development (Sudico), the company was renamed SJ Group in April 2024.
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