Wednesday,  Aug 15, 2018,02:24 (GMT+7) 0 0
Stock market briefs
The Saigon Times Daily
Thursday,  Jun 14, 2018,19:01 (GMT+7)

Stock market briefs

The Saigon Times Daily

HCMC – Viet Capital Securities Company (VCI) has decided to issue 42 million shares at a 10-for-3.5 ratio, thereby raising its total outstanding volume from 120 million shares to 162 million shares. VCI plans to conduct the issuance in the second or third quarter of 2018.

HCMC – The Ho Chi Minh Stock Exchange has given its approval to Tri Viet Securities Company (TVB) to float over 15 million shares on Vietnam’s main exchange. TVB debuted on the market for unlisted public enterprises, or UPCoM, in June 2015, and has seen its share price soaring over 125% from VND11,200 to VND25,200 each. In 2018, the firm targets VND45 billion in revenue and VND22.5 billion in after-tax profit, up 87.5% and 73% versus last year, respectively.

HCMC – The Nawaplastic Industries (Saraburi) Co., Ltd., has registered to buy 1.17 million shares of Binh Minh Plastic Company (BMP), or a 1.43% stake, to spur its ownership to 54.39%, equivalent to 44.5 million shares. The investor has turned BMP into its affiliate after several share purchases, raising its ownership to 52.96% at present.

HCMC – SAM Holdings Company (SAM) plans to issue VND100 billion worth of bonds to supplement its working capital, and will sell the bonds to Agribank Securities Company. In 2018, the enterprise will focus on the finance, real estate and hi-tech agriculture sectors. 

HCMC – PetroVietnam Ca Mau Fertilizer Company (DCM) estimates its net profit at VND400 billion in the second quarter of this year. In the first quarter, DCM saw its consolidated net profit falling 9.2% year-on-year to VND258 billion, but its revenue rose 5% to VND1.27 trillion in the period.

HCMC – Phu Tai Company (PTB) will make a dividend payment at 60% for 2017 on the record date of June 28. Of the amount, the firm will spend VND32 billion paying a cash dividend of VND1,000 per share on July 16 and issue 16.2 million shares at a 2-for-1 ratio. The firm currently has 32.4 million outstanding shares.

HANOI – Electric Equipment Company intends to buy 1.77 million shares of Dong Anh Electric Equipment Company (TDB) to raise its holdings from 18.6% to 24.9%.

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Deputy Editor-in-Chief: Pham Huu Chuong
Managing Editor: Nguyen Van Thang
Assistant Managing Editor: Pham Dinh Dung
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