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Stock market briefs
Sunday,  Jun 24, 2018,10:18 (GMT+7)

Stock market briefs

HCMC – Van Phu-Invest Investment Company will debut its 160 million shares on the Ho Chi Minh Stock Market under the code VPI on June 29. The firm will offer the shares at the starting price of VND43,500 each with a trading band of 20%. On June 20, the firm delisted its shares on the Hanoi Stock Exchange at the closing price of VND42,500 each. The property developer expects to complete two housing projects, The Terra and Grandeur Palace, this year. VPI will continue to construct some major projects under the build-transfer model.

HCMC – Vietnam National Petroleum Group (PLX) is carrying out a feasibility study on its businesses outside its core oil-related performance, with the consultation of JX Nippon Oil. According to Viet Capital Securities Company, PLX has been leasing space in some 100 venues in major cities to assess the feasibility of non-oil services, such as cafeterias, convenience stores and minimarts.

HCMC – PetroVietnam Power Nhon Trach 2 Company (NT2) is seeking shareholder approval to pay an extra dividend of VND2,792 per share, which will come from retained earnings over the 2007-2015 period.

HCMC – Water Supply Sewerage Construction & Investment Company (VSI) aims to earn a pretax profit of VND37 billion on consolidated revenue of VND400 billion in 2018, up 10% and 15% against last year, respectively. The firm also targets an annual dividend payout ratio of 12% to 15% in the 2018-2022 period.

HCMC – Power Construction Company (PC1) announced it has transferred the Mong An hydropower plant at book value to Northern Energy Investment JSC, a 90%-owned subsidiary of PC1.

HANOI – Tay Ninh Tourist-Trading Company (TTT) expects a consolidated pretax profit of VND74.9 billion on revenue of VND384.6 billion in 2018, down 17.9% and up 3.5% versus last year, respectively. The firm plans no dividend payment for this year, choosing reinvestment instead . TTT aims to focus on developing the Nui Ba tourism site worth VND95 billion this year.

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