The stock of A An Food Joint Stock Company (stock code: AAN) closed yesterday's trading session at 23,450 dong, extending its streak of five consecutive ceiling-price increases since its listing on 22/5. Compared to the reference price of 15,000 dong on the first trading day, the market price surged by 56%, increasing market capitalization from approximately 1,000 billion dong to 1,560 billion dong. Stock liquidity also jumped, from tens of thousands of units to over one million in yesterday's session.

The Ho Chi Minh City Stock Exchange (HoSE) immediately requested the company to provide an explanation for the series of ceiling-price increases.

In an explanation document this morning, Mr. Truong Duc Nam, the company's general director, stated that after listing, the stock attracted significant investor interest, leading to high buying demand. The volume of pending buy orders was consistently high, exceeding the available sell volume, causing the price to hit the ceiling for five consecutive sessions.

"The movement of AAN's stock price on the stock market is a result of objective market supply and demand and is beyond the company's control. A An has not had any direct impact on the stock price", Mr. Nam wrote in the explanation document.

This morning, the company's stock maintained its upward momentum with a 2,3% increase, reaching 24,000 dong. This development contrasted with the market trend, as the index representing the Ho Chi Minh City exchange had fallen continuously for a week and had not yet recovered the psychological resistance level of 1,900 points.

A An is one of the few agricultural companies listed on the stock market. The company was established five years ago, building upon the rice business segment of Tan Long Group. It currently has a charter capital of 650 billion dong, with its main activities encompassing the production, processing, and distribution of rice through a closed value chain model from farm to table.

Last year, the company generated nearly 3,320 billion dong in revenue and almost 45 billion dong in after-tax profit. This year, they aim to increase revenue to 4,300 billion dong and profit to approximately 58 billion dong, representing a double-digit increase compared to the same period.

Previously, the company's revenue primarily came from the domestic market. After receiving a certificate of eligibility for rice export from the Ministry of Industry and Trade in 9/2025, the company began generating export revenue. The management is looking to expand market share in Japan and Korea through government bidding programs and partnerships with large importers. Additionally, the company also exports to the EU, the Middle East, and Africa.

Phuong Dong