Monday,  Jul 23, 2018,20:11 (GMT+7) 0 0
Profit takers offload bank stocks
Published 1:14 minutes
HCMC – Bank stocks came under huge selling pressure on July 23, with seven out of nine listed banks on the Hochiminh Stock Exchange closing the day down.
Monday,  Jul 23, 2018,18:02 (GMT+7)
HCMC – FPT Retail Company (FRT) said its revenue in the first half of 2018 advanced 18% year-on-year to VND7.5 trillion while its after-tax profit surged 30% at VND147 billion. This robust performance was bolstered by new store openings, strong online sales and contribution from FRT’s consumer financing program (F-Friends). Since early this year, FRT has opened 51 new stores, raising its total store count to 526.
Sunday,  Jul 22, 2018,09:17 (GMT+7)
HCMC – Securities enterprises have predicted market turnover to decline this week as the VN-Index of the Hochiminh Stock Exchange broke its rising streak last Friday.
Sunday,  Jul 22, 2018,09:11 (GMT+7)
HCMC – Vietnam Dairy Products Company (VNM) has announced to acquire a 51% stake at Lao-Jagro Development Xieng Khouang Company to develop a high-tech milk cow complex in Laos. The project has the total investment of over US$38.7 million.
Thursday,  Jul 19, 2018,18:58 (GMT+7)
HCMC – Banking and property stocks on July 19 encountered high profit taking pressure but the VN-Index of the Hochiminh Stock Exchange still advanced thanks to strong cash flow.
Thursday,  Jul 19, 2018,17:25 (GMT+7)
HCMC – Hanoi Investment Holdings Limited has offloaded 250,000 shares of FPT Retail Company (FRT), reducing its ownership from 5% to 4.6%, equivalent to 3.15 million FRT shares. Meanwhile, Viola Ltd and Vietnam Enterprise Investment under the umbrella of fund manager Dragon Capital have sold a combined 649,000 FRT shares. However, 11 investment funds of Dragon Capital still own a total 18.5% stake in the enterprise. FRT share price is around VND78,000 each on the Hochiminh Stock Exchange.
Wednesday,  Jul 18, 2018,19:06 (GMT+7)
HCMC – Vietnamese stocks staged a nice jump today as the steep plunge in recent weeks has triggered huge demand from both local and foreign investors.
Wednesday,  Jul 18, 2018,17:19 (GMT+7)
HCMC – Viet Capital Securities Company (VCI) has announced to issue one million shares under an employee stock ownership plan at VND20,000 each. The shares are not to be transferred within one year from the issuance date. VCI plans to conduct the plan in the third quarter after obtaining approval from the State Securities Commission, thus raising its capital to over VND1.6 trillion. VCI share price has slumped nearly 40% over the past three months to around VND53,000 per share.
Tuesday,  Jul 17, 2018,17:49 (GMT+7)
HCMC – Stocks made a nice jump in the fourth straight rising session today as bottom fishers actively collected shares when the VN-Index of the Hochiminh Stock Exchange slid to near the 900-point level in the morning phase.
Tuesday,  Jul 17, 2018,16:30 (GMT+7)
HCMC – Khang An Investment Real Estate Company (KAC) has gained shareholder approval to issue an additional 36 million shares to hike its registered capital to VND600 billion from the current VND240 billion. Of the amount, the firm will issue six million shares as bonuses at a 1-for-4 ratio and 30 million shares for its existing shareholders at a 1-for-1 ratio at the selling price of VND10,000. KAC targets a pretax profit of VND100 billion on revenue of VND300 billion in 2018, up 3-fold and 2.2- fold against last year, respectively.
Monday,  Jul 16, 2018,18:21 (GMT+7)
HCMC – The Hochiminh Stock Exchange has added jewelry firm PNJ, lender VPB and retail group VRE into the VN30-Index, tracking the performance of the 30 largest stocks by market capitalization. Meanwhile, lender BID, insurer BVH and power firm NT2 are removed from the VN30 basket. The new list will be valid from July 23 to January 25, 2019.
Monday,  Jul 16, 2018,18:18 (GMT+7)
HCMC – The VN-Index of the Hochiminh Stock Exchange managed to rise for the third straight session on July 16, but the growth was insignificant as investors remained cautious.
Sunday,  Jul 15, 2018,09:52 (GMT+7)
HCMC – The recent correction on the local stock market is necessary and provides a buying opportunity to investors as share prices have turned much more affordable, said economist Dinh The Hien.
Sunday,  Jul 15, 2018,09:43 (GMT+7)
HCMC – Hai Phat Investment Company will issue VND500 billion worth of secured inconvertible bonds in the third quarter of this year. The three-year notes will be sold at a face value of VND1 billion each. Besides, the firm will float150 million shares under the code HPX at the starting price of VND26,800 each with a trading band of 20% on the first trading day on the Hochiminh Stock Exchange on July 24. In 2018, HPX aims to earn a net profit of VND320 billion on revenue of VND3.2 trillion, up 41% and 100% against last year, respectively.
Thursday,  Jul 12, 2018,17:57 (GMT+7)
HCMC – Having plunged to the lowest level since November 2017, the VN-Index of the Hochiminh Stock Exchange bounced back slightly today, but market turnover kept shrinking.
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