Vietnam stock briefs July 01
* Hanoi Stock Exchange (HNX) announced it would organise a tender for three trillion dong of G-bonds issued by the State Treasury with three different terms of three years, five years and ten years.
* Hochiminh Stock Exchange (STC) has officially listed additional 12,499,997 shares of Licogi Joint Stock Co No 16 (coded LCG) on July 6, 2010.
* Hochiminh Stock Exchange (STC) has announced that July 9 would be the registration deadline to close the shareholders list of Ha Tien Transportation Joint Stock Co (coded HTV) for paying 2009 supplementary dividend.
* Vietnam Blue-Chips Fund (VFMVF4) has announced its net asset value (NAV) per unit by June 24 was 11,046 dong, up 38 dong from the previous week. Vietnam Securities Investment Fund (VFMVF1) has announced its NAV per unit by June 24 was 24,398 dong, up 116 dong from the week earlier.
* Sacombank Securities Co (SBS) will begin trading 110 million shares on the Hochiminh Stock Exchange on July 5 at the reference price of 38,000 dong per share. On the same day, Ba Ria-Vung Tau Urban Development and Construction Co (UDC) will also begin to trade 35 million shares on the bourse at the reference price of 20,000 dong per share.
* Ben Tre Export-Import Joint Stock Co has registered to buy 500,000 shares of Saigon ThuongTin Commercial Bank (STB) to increase its ownership from 0.16 percent to 0.23 percent.
* HCM City Infrastructure Investment Co (CII) has announced to issue $20-25 million worth of five-year convertible bonds for foreign partners with an annual coupon of 4 percent.
* Viwaseen-Hue Construction Investment Co will begin trading six million shares on the Hanoi Stock Exchange under the code of VHH.
* Vinas A Luoi Mineral Co has got approval in principle to trade 1.5 million shares on the northern bourse. Meanwhile, PIY Petro Investment and Valuation Co. is seeking approval to trade 1.2 milllion shares on this exchange.
* Vietnam Azalea Fund Limited has sold 100,000 shares of Phu Nhuan Jewellery Co (PNJ) to decrease its ownership from 5.1 percent to 4.9 percent.
* The southern bourse-listed Hoa Binh Rubber Joint Stock Co (coded HRC) announced that the company estimates to gain H1 profit after tax of 43 billion dong and EPS of 2,500 dong.
* The shareholders of Sao Mai Investment and Construction Joint Stock Co (coded ASM) have denied the proposal of raising the chartered capital from 99.12 billion dong to 250 billion dong under the method of collecting shareholders’ opinions.
* Cam Pha Cement Joint Stock Co reported exporting first 15,000 tonnes of clinker to Middle East market for the first time yesterday June 30, 2010.
* PetroVietnam Financial Joint Stock Corp (PVFC) announced yesterday that PVFC Capital, the subsidiary of PVFC signed the agreement to set up an oil and gas fund with Japanese and South Korean investment. This is one part of the framework in investment promotion programme organised by the National Oil and Gas Group (PetroVietnam) and Jetro Japan.
* The national carrier of Vietnam Airlines officially announced to open new domestic flight of HCM City-Da Lat-Da Nang yesterday June 30, 2010 with frequency of four flights per week on Monday, Wednesday, Friday, and Sunday, using new generation ATR72 airplanes.
* The supplies of offices for lease in Hanoi have retained at high level. In the coming years, it is predicted that there will be a sharp increase in supplies in this market while the demands remain low.
* In its 2010 business plan, Gemadept Joint Stock Co (coded GMD) is expected to achieve whole-year revenue of 1.8 trillion dong, profit after tax of 230 billion dong and to increase chartered capital to one trillion dong. The company’s shareholders have already approved the afore-mentioned business plan in the annual shareholders meeting lately.
* Vietnam Electricity (EVN) has broken ground on Song Bung four hydropower project with total capital of over 4.9 trillion dong. The project has two generators with a designed capacity of 156 megawatts to turn out 586 million kilowatt hours per year.
* PetroVietnam general Services Joint Stock Corp has commenced work on a petroleum packaging factory in Tra Kha Industrial Park in Bac Lieu Province. The 125 billion dong project involves PetroVietnam Packaging Joint Stock Co, PetroVietnam Fertiliser and Chemicals Corporation and Trang Hoan My Co Ltd
* Minh Duc-Son Tay Concrete and Construction Joint Stock Co has started commissioning a concrete factory in Son Dong Industrial Parkin Hanoi. The 200 billion dong plant has a designed capacity of 600 products per day, the main products being prestressed concrete piles to Japanese standards.
* Australia’s Environmental Clean Technologies (ETC) has signed an agreement with Thang Long Investment and Commercial Joint Stock Co to export processed brown coal to Vietnam. The two sides have plans to build a processing plant in the Australian state of Victoria’s Latrobe Valley that is expected to start operating in late 2013.
* Viet Han Corporation has decided to invest $10 million in a bronze exploiting and processing project in Bolivia’s Potosi Province.
* Lien Viet Commercial Joint Stock Bank (LienVietBank) would pay first phase-2010 dividend at a rate of 7 percent to the existing shareholders.
* Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank – coded STB) has expanded the capital support methods for the cashew and seafood exporters. The bank hopes to solve the problems of guaranteed assets that the enterprises have faced during the capital lending process.
* Southeast Asian Commercial Joint Stock Bank (SeABank) will offer free service charges in the first three months for all customers who register for using its e-banking services. This new promotion programme starts taking effects up to December 31, 2010 and is to be applied in all SeABank’s branches and transaction offices nationwide.
* Bao Viet Commercial Bank opened a new branch in Nghe An Province on June 29, taking to 20 the total number of its banking units nationwide.
Intellasia
Tags: vietnam stock, Vietnam stock market, VNindex
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