SJC
SJC Gold (domestic VN)
SJC
SJC Gold (domestic VN)
Overview
Off-balance-sheet accounting for a material asset quantity raises questions about financial statement completeness and asset valuation transparency for SJC, which affects investor assessment of the company's true asset base and accounting practices.
Updated 04:02 PM
Medium confidence08/18, 11:30 AM
Vietnamese domestic gold (miếng and nhẫn trơn) reversed direction at midday on August 18, with the bid-ask spread at 3–4 million dong per tael.
Affected assets
CafeF
08/18, 11:30 AM
Related updates
CafeF·07/24, 03:55 PM
SJC gold diamonds totaling over 170,000 units are recorded outside the accounting balance sheet; experts debate the accounting treatment and valuation principles.
CafeF·07/20, 09:43 AM
Gold prices in Vietnam fell at the opening on July 20, with SJC gold bars dropping 300,000 dong per tael and plain gold rings decreasing by 150,000-800,000 dong per tael, as global gold retreated to around $4,000 per ounce.
CafeF·07/18, 11:38 AM
Domestic gold prices failed to break the 150 million VND per tael level as the global gold price recovery remains weak and the domestic-international price gap stays wide.
CafeF·07/18, 07:38 AM
SJC and plain gold prices in Vietnam continued to fall on July 18.
CafeF·07/17, 06:38 AM
Domestic gold bars and rings fell slightly on July 16, while global gold lost the $4,000/oz mark.