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Stock market briefs
Tuesday,  Oct 23, 2018,16:51 (GMT+7)

Stock market briefs

HCMC – HCMC Securities Corporation (HSC) has passed a plan to issue around 86.4 million shares at a 2-for-3 ratio to fund its new capital injection. It will conduct the plan in the last quarter of 2018 or the first quarter of 2019. In addition, HSC will issue 86.4 million for existing shareholders at VND14,000 each and sell 6.47 million shares given an employee stock ownership plan.

HCMC – PetroVietnam Gas Corporation (GAS) has released third-quarter business results with after-tax adding by 68.4% year-on-year to VND3.2 trillion while its revenue grew by 50.3% to VND8.9 trillion. The main reasons were the strong oil price and solid volume growth apart from VND500 billion of abnormal profit from the condensate segment.

HCMC – La Quy Hien, a board member of FLC AMD Mining and Investment Company (AMD), has bought 500,000 AMD shares, equal to a 0.3% stake, via matching. Earlier, Hien had no AMD shares.

HCMC – FPT Retail Company (FRT) saw its revenue jumping 20% at VND11 trillion in January-September of 2018. This solid performance was bolstered by new sales initiatives, namely F.Friends – a consumer financing program – and strong online sales, new store openings and a full contribution from stores opened in 2017.

HCMC – Vincom Retail Company (VRE) has chosen October 31 as the ex-dividend date for a 22.5% bonus share payment, meaning that a shareholder owning 1,000 shares would receive 22.5 bonus shares. This bonus share issuance is in line with a recent plan approved by shareholders.

HANOI – Tokyo Gas, a giant gas supplier from Japan, is seeking to cooperate with PetroVietnam Power Corporation (POW) and PetroVietnam Gas Corporation (GAS) on the Nhon Trach 3 and 4 projects. Tokyo Gas is offering to cooperate with POW for the construction of the gas-fired power plants. In addition, Tokyo Gas could help to secure liquefied natural gas supply and funds for these projects, said Viet Capital Securities Company.

HANOI – Petroleum Technical Service Corporation (PVS) has announced October 30 as the ex-dividend date for a 7% bonus share issuance (100 existing shares will get seven new shares) and a 2017 remaining cash dividend of VND500 per share. This is the second tranche of the 2017 cash dividend of VND1,000 a share. The payment date is set for November 26.

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