Oct 4: StoxPlus Morning Brief

CPI this month is expected to increase 0.5 per cent against last month, but the estimated increase in the nation’s CPI for this year is still expected to be a substantial 18 per cent.
Macro economy
CPI to Rise 0.5% in Sept; to Hit 18% at Year End
CPI this month is expected to increase 0.5 per cent against last month, but the estimated increase in the nation’s CPI for this year is still expected to be a substantial 18 per cent.
48,700 Enterprises Dissolved and Shut Down Operations in Jan-Sep
In the first nine months of this year, 48,700 enterprises have been dissolved or shut down operations, rising 21.8% from the same period last year, Bui Quang Vinh, minister of planning and investment said on October 1.
Bad Debts of FDI Firms up to $80m
As per statistics from authorities, more than 230 foreign-invested projects from Taiwanese and Korean investors that had been licensed have been dissolved and gone bankrupt so far.
Credit Growth In Holding Pattern
Local currency credit disbursement is growing slightly though banks have pulled down lending rates.
Interbank Average Forex Rate Remains Stable
SBV has recently announced the interbank average forex rate today October 3 at 20,628 dong/US dollar, remaining unchanged for 34 consecutive days.
Interbank Trading Turnover in US Dollar Surges 10%
SBV said that the foreign currency status of the whole banking system still remained positive and the trading turnover in US dollar increased slightly on both the interbank market and between banks and customers.
High Private Debts/GDP: Risks
Besides soaring public debts, the rise in private debts also raises additional public concerns.
Market News
Vietnam Equity Movers: Southern Rubber Industry, Viet Thang Feed
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.
Vietnam State Securities Commission to Closely Monitor Margin Trade Deployment
SSC said it would reinforce investigations and monitoring the deployment of margin trading in securities companies to tighten stock market regulations.
What Benefits from VN-30 Index?
HOSE recently hosted a seminar to introduce the VN-30 Index to market members. Will this index resolve shortcomings of the current VN-Index?
Oct 3: Foreigners Net Buy Shares On HOSE After Heavy Selling in Sept.
Foreigners turned to be net buyers of Vietnamese shares on the Hochiminh Stock Exchange today after the heavily offloaded shares on this bourse in September, they were still net sellers on the smaller bourse, HNX.
Corporate Events
· CDC – additional listing 04/10/2011
· HPB – Treasury Stocks 04/10/2011
· LIG – Treasury Stocks 04/10/2011
· KTS – Share Issue 04/10/2011
· KTS – Cash Dividend 04/10/2011
Corporate News
HDC: Adjusts 2011 Pre-tax Profit Target to VND120Bln
TSC: to Launch New Subsidiary
KSD: Contributes VND17Bln to Linh Sa Hamico Ltd., Co.
VFC: Converts VND140Bln Bonds into 14Mln Shares
ACL: to Dissolve Subsidiary
PET: Purchases 507,680 Treasury Shares
BLF: Posts VND1Bln Net Profit in H1/2011
VNA: Sells 11,800DWT Hung Yen Ship
LHG: to Build Workshop worth VND121.5Bln
VCB: to Sell 15% Stake to Mizuho Corporate Bank Ltd.
LHG: to Issue 31Mln New Shares in 2011 – Source:StoxPlus.com.

Tags: Morning Brief, Morning Vietnam market, StoxPlus brief, StoxPlus Morning Brief, Vietnam market

Posted by quynhdn on Oct 4 2011. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry