Friday,  Jun 22, 2018,16:44 (GMT+7) 0 0
Stock market briefs
The Saigon Times Daily
Wednesday,  Jun 13, 2018,19:53 (GMT+7)

Stock market briefs

The Saigon Times Daily

HCMC – The State Bank of Vietnam last month reduced the treasury bill issuance due to weaker bank system liquidity to VND57.5 trillion from VND67.9 trillion in April and VND130.8 trillion in March. In May, the central bank net injected VND10.9 trillion via T-bills and reverse repos compared with a net injection of VND58.6 trillion in April, said Viet Capital Securities Company.

HCMC – Nam Long Investment Corporation (NLG) has announced plans to auction 40 million shares, or 21.2% of its outstanding volume, at a starting price of VND26,500 per share, of which, it will set aside five million shares for foreigners. NLG will use the proceeds to develop its current projects; acquire more land in HCMC, Hanoi and neighboring localities; and invest in new property projects.

HCMC – Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC) expects a net profit of VND172 billion in 2018, up by 2.5-fold against the previous year. The firm targets revenue of VND1.63 trillion, marking a 3-fold surge. Further, it will issue a maximum of VND2 trillion worth of bonds by the first quarter of 2019. HQC plans to raise its contribution in the commercial realty sector, partially cut its social housing sector and start to develop agricultural real estate projects this year.

HCMC – Hanoi Beer Alcohol and Beverage Corporation (BHN) has revised up its 2018 net profit target by 33.6% to VND811.4 billion, from the initial figure of VND607.3 billion. Meanwhile, the firm has cut its revenue target for this year to VND8.9 trillion, from the previous VND9 trillion. BHN plans to develop 330-milliliter Hanoi Beer bottles to replace its current 450-milliliter version this year. The firm will build a brand strategy for its products, including Hanoi Beer, Hanoi Beer Premium and Truc Bach Beer, to keep abreast of the development.

HCMC – Standard Chartered Bank Vietnam has presented over 200 prizes to the winners of the Digital Banking promotion program “Touch to Win,” which rewards clients using its mobile banking app’s biometrics feature (Face ID or Touch ID). The campaign took place from March 14 to May 14.

HANOI – Airport Service Group has registered to buy nearly 2.5 million shares of Cam Ranh International Airport Services Company (CIA) to raise its holdings from 22.5% to 48%.

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