Vietnam stock briefs September 1

PetroVietnam Construction Joint Stock Corporation (PVX) bought six million shares of Sao Mai – Ben Dinh Petroleum Investment Joint Stock Company (PSB), equivalent to 12 percent of PSB’s capital on August 18.

* Chair of the State Securities Commission has given in principle approval to Petrolimex Insurance Joint Stock Company (PJICO) for offering shares of to public.

* There were over 1.6585044 billion new stock units including 1.63446064 billion shares and 24.04376 million fund certificates listed on the Hochiminh Stock Exchange (STC) in August, according to STC’s statistics.

* Hoa Sen Group (HSG) has got approval to trade over 16.7 million additional shares on the Hochiminh Stock Exchange.

* Tien Len Steel Corp. (TLH) has announced September 7 as the ex-dividend date for shareholders to receive stock dividend at the 20:1 ratio.

* Song Da No 11 Co (SJE) has announced September 8 as the ex-dividend date to pay 2009 stock dividend at 16 percent and advance 2010 first round dividend in cash for shareholders at 10 percent.

* Click & Phone Securities Co has got approval in principle to trade 13.5 million shares on the Hanoi Stock Exchange. Additives and Petroleum Products Co has also got permission in principle to trade around 2.7 million shares on the bourse.

* Phuc Tien Trade Manufacture Co (PHT) has decided to buy back 1.9 million PHT shares as treasury shares within three months from September 6 via matching or put-through.

* Vincom JSC is planning to put into operation some projects such as Vincom Financial Tower, Royal City and Vincom Eco City in the last half of this year.

* Kien Giang Brick tuynel Joint Stock Company (KBT) released H1 profit with an increase of 90 percent year-on-year.

* Hoang Anh Gia Lai Joint Stock Co (coded HAG) has lately released the company’s audited financial reports with after tax profit of 906 billion dong, increasing by 69 percent year-on-year and EPS of 3,292 dong.

* Thanh Hoa – Song Da JSC announced to offer 966,753 additional shares to existing shareholders for chartered capital raise from 20 to 30 billion dong.

* SMC Investment and Trading JSC estimated gaining eight billion dong in August, an increase over last month, said Nguyen Ngoc Anh, chair of management board and general director.

* Vinh Son-Song Hinh Hydropower Co (VSH) in the first six months of 2010 obtained 231 billion dong in revenue and 175 billion dong in after-tax profit, decreasing by 14 percent and nearly 26 percent respectively against 2009.

* Binh Thuan Hamico Mineral Co (KSA) has been admitted to the Vietnam Titanium Association.

* Ocean Commercial Bank has got approval from the central bank to increase its chartered capital from two trillion dong to five trillion dong this year.

* Saigon-Hanoi Commercial Bank has been allowed to open Phu Nhuan branch in HCM City.

* VNDirect Securities Co has increased its chartered capital from 450 billion dong to nearly one trillion dong.

* Licogi 16.6 Co (LCS) expects to reach seven billion dong in profit in the first seven months of 2010, or 66 percent of this year’s target.

* Saigon-Hanoi Securities Co has inaugurated a branch in Vinh City, Nghe An Province.

* Song Da- Thang Long Co (STL) reached 31.2 billion dong in profit in the first six months of this year, increasing by 137 percent against 2009.

* Microsoft Hardware, a division of Microsoft, last week announced to expand its operation in Vietnam with a comprehensive range of high performance peripherals. Winsoft Co Ltd has been appointed new exclusive distributor of the products here.

* FPT Technology Products Co has been named the sole distributor of Mitsumi computer mouse and keyboards in Vietnam to replace former distributor Minh Thong Co.

* Ba Huan Co Ltd has inaugurated eight clean egg stores at eight markets in HCM City’s districts 7, 8 and 10. The enterprise plans to expand the store chain across the city.

* Saigon-Quang Ngai Brewery in Quang Phu Industrial Park in Quang Ngai Province has launched its first products. The 1.5 trillion dong brewery has capacity of 100 million litters a year.

* South Korean consortium Yooshin-Sambo Engineering Co Ltd has won a design package worth $6.2 million for Vinh Thinh Bridge across the Red River in Northern Vietnam. The consortium will be responsible for surveying, designing, preparing the bidding invitation and supervising the construction works for the project.

* The leaders of ministry of transport worked with Japan International Cooperation Agency (Jica) about providing technical aid under non-refundable ODA to carry out three railway projects.

* Hanoi Architecture and Planning Department handed over detailed planning of Tay Mo-Dai Mo new urban area project at ratio of 1:2000 for Vinaconex Corp and Viettel Finance JSC.

* Ministry of Transport has lately held a meeting to discuss about the implementation progress of realising the construction project of Co Chien Bridge, located in National Highway No 60 connecting two provinces of Tra Vinh and Ben Tre. The project was supposed to be carried out under BOT method.

* Ministry of Industry and Trade cooperated with ministry of agriculture and rural development to hold a meeting about the rice export situation in late 2010. The meeting was organised on August 31, 2010.

* PetroVietnam Finance Capital Management Fund (PVFC Capital) and Saigon Asset Management Corp (SAM) have signed a memorandum of understandings (MoU) for raising investment capital from domestic and foreign investors. The signing ceremony took place on August 23, 2010.

* BIDV Insurance Co (BIC) inked cooperation agreement with BitDefender, the world’s leading security devices supplier.

* Bao Viet Group Joint Stock Co (coded BVH) announced to gain combined after tax profit in the first six months of 2010 of 533.68 billion dong, fulfilling 63 percent of the year plan, and EPS of 859 dong.

* Standard Chartered Bank and Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) have lately signed the memorandum of understandings in the field of cash management.

* Between September 1 and October 29, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has developed the programme “Travelling around the world with 366 day-C/Ds”.

* The State Bank has given in principle approval for opening Phu Nhuan branch of Saigon-Hanoi Joint Stock Commercial Bank (SHB).

* The governor of State Bank of Vietnam has issued decision No 2044/QD-NHNN approving Vietnam Commercial Joint Stock Bank of Industry and Trade (Vietinbank – coded CTG) to set up Vietinbank Jewellery one-member Co Ltd with Vietinbank’s 100 percent-owned capital.

* Gia Dinh Commercial Joint Stock Bank (GiaDinhBank) has announced to receive the document No 6587/NHNN-TTGSNH dated August 30, 2010 from the State Bank of Vietnam. In details, the governor of state bank of Vietnam has recently approved GiaDinhBank to increase the chartered capital from one trillion dong to three trillion dong in 2010.

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Posted by VBN on Sep 1 2010. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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