Thursday,  Oct 18, 2018,19:04 (GMT+7) 0 0
Stock market briefs
Thursday,  Oct 18, 2018,16:54 (GMT+7)
HCMC – Tan Binh Import-Export Corporation (TIX) will close its shareholder list on November 2 to pay a 2018 second round cash dividend of 10%, with payment scheduled for December 14. Besides, it will issue 3.6 million shares at a 3-for-22 ratio and the selling price of VND25,000 per share. TIX plans to raise VND90 billion from the issuance to pay a land use fee for Milky Way condo project in HCMC’s Binh Tan District.
Wednesday,  Oct 17, 2018,18:53 (GMT+7)
HCMC – The local stock market rose for the second straight session today, October 17, going in tandem with robust growth of global stock exchanges, but poor cash flow still prevented the VN-Index of the Hochiminh Stock Exchange from soaring.
Wednesday,  Oct 17, 2018,17:08 (GMT+7)
HCMC – Licogi 16 Company (LCG) and Nikko Indonesia have signed a cooperation agreement in Bali to implement three projects worth US$300 million in Indonesia and Vietnam, of which LCG and Nikko will build a US$200-million highway and a US$50-million financial center in Jakarta. Meanwhile, Nikko will invest US$50 million in implementing LCG’s solar power project with a capacity of 50 MW in central Vietnam. LCG and Nikko will start building the three projects in 2019.
Tuesday,  Oct 16, 2018,19:13 (GMT+7)
HCMC – The VN-Index of the Hochiminh Stock Exchange bounced back strongly today, October 16, but market turnover remained poor amid cautious trading.
Tuesday,  Oct 16, 2018,16:22 (GMT+7)
HCMC – The State Bank of Vietnam net withdrew VND10.2 trillion via both treasury bills and reverse repos in September thanks to a improvement of liquidity, versus a net injection of VND12.5 trillion in August. If the Vietnam dong amount withdrawn via the sale of US$943 million from the foreign reserves is taken into account, the central bank actually net withdrew more than VND31.9 trillion last month, said Viet Capital Securities Company.
Monday,  Oct 15, 2018,19:11 (GMT+7)
HCMC – Investors rushed to sell shares in the banking and petroleum sectors today, October 15, erasing most of the gains made last Friday by the VN-Index of the Hochiminh Stock Exchange.
Monday,  Oct 15, 2018,17:23 (GMT+7)
HCMC – The State Treasury raised VND15.7 trillion from government bond sales in September, down slightly by 2.2% month-on-month, but the winning rate advanced to 63.3% from 49.9% in August. The 10-year and 15-year yields jumped 30 basis points to 4.8% and 5.1%, respectively, which helped these two terms to record high winning rates of 81.7% and 69.2%. The State Treasury has reduced its 2018 issuance plan to VND175 trillion from VND200 trillion. According to the new plan, the agency has fulfilled 70% of this year’s target.
Saturday,  Oct 13, 2018,23:26 (GMT+7)
HCMC – As the VN-Index of the Hochiminh Stock Exchange turned volatile last week, investors are seen becoming cautious and reducing transactions significantly this week, thus affecting trading.
Saturday,  Oct 13, 2018,21:48 (GMT+7)
HCMC – Fitch Ratings has affirmed Vingroup Company’s (VIC) Long-Term Foreign- and Local-Currency Issuer Default Ratings at B+. The outlook was revised to Negative from Stable. All ratings have been removed from Rating Watch Negative, on which they had been placed on October 3.
Thursday,  Oct 11, 2018,18:51 (GMT+7)
HCMC – The VN-Index of the Hochiminh Stock Exchange went in line with the global downtrend to stage a jaw-dropping decline today, October 11, marking the second biggest single-day point drop in 2018 after a 5.1% tumble on February 5.
Thursday,  Oct 11, 2018,17:04 (GMT+7)
HCMC – An Phat Plastic & Green Environment Company (AAA) plans to issue VND400 billion worth of bonds in a private placement in the fourth quarter of this year. The three-year notes, with a face value of VND1 billion each, will carry a fixed coupon of 7.2% per year. AAA wants to use the proceeds to invest in the company’s infrastructure and plants in An Phat hi-tech park. The plastic firm made a net profit of VND152 billion on revenue of VND5.8 trillion between January and September, meeting 46% and 98% of the year’s targets, respectively.
Wednesday,  Oct 10, 2018,18:49 (GMT+7)
HCMC – The local stock market failed to touch the 1,000 point-level again today, October 10, as selling pressure kept piling up significantly since the first trading phase.
Wednesday,  Oct 10, 2018,17:00 (GMT+7)
HCMC – The Pan Group (PAN) is seeking approval from its shareholders to limit foreign ownership at 49%, ensuring that the enterprise is always a domestic economic organization, said Viet Capital Securities Company. PAN plans to issue shares to existing shareholders for bonus giving at a 1-for-4 ratio to raise its registered capital to VND1.7 trillion between the fourth quarter of 2018 and the first quarter of 2019. Earlier, PAN completed the issuance of 14.86 million shares, or an 11% stake, in a private placement to its Japanese partner Sojitz Corporation at VND61,000 each.
Tuesday,  Oct 9, 2018,19:11 (GMT+7)
HCMC – Stocks rose early on to test the 1,000-point line again today, October 9, but a heavy selloff in the afternoon phase dragged the VN-Index of the Hochiminh Stock Exchange down to near the reference level at the close.
Tuesday,  Oct 9, 2018,17:03 (GMT+7)
HCMC – Vincommerce, a consumer retail unit of conglomerate Vingroup (VIC), has taken over Fivimart. Following the merger, all Fivimart stores will be converted into the VinMart format with the addition of complimentary products from VIC’s ecosystem such as VinEco agricultural products, VinMart’s ready cooked cuisine and homecare products. Established in 2007, Fivimart is a supermarket chain in northern Vietnam with 23 stores mainly located in residential areas in Hanoi City.
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