27.3 C
Ho Chi Minh City
Tuesday, June 25, 2024



stock prices

M&A turns active

In addition to buying into local businesses, financially strong domestic companies are increasingly acquiring stakes from foreign investors involved in joint ventures. What is behind this trend? Acquisitions push up stock prices After its first annual general meeting of shareholders failed to take place as planned, Ho Chi Minh City Infrastructure Investment JSC (HOSE: CII) said at the recently held second meeting that the company would try to achieve a revenue target of VND4.19 trillion this year, down by 11.3% against last year, and a profit after tax target of VND430 billion, up by 9.7%. At the meeting, CEO Le Quoc Binh announced the acquisition of a BOT infrastructure project following the merger of the Trung Luong-My Thuan Expressway in the third quarter of 2023. Specifically, CII is in talks over the takeover of a BOT infrastructure project at about VND1.6 trillion, and the negotiations are expected to be concluded by the end of June or early July this year. Following a drastic correction from late March to mid-April, its stock price has since soared by 15%. In mid-May, PetroVietnam Ca Mau Fertilizer JSC (HOSE: DCM) completed the 100% acquisition of Korea-Viet Fertilizer Co. Ltd. (KVF). DCM and Taekwang Group […]
To read more, please click here.

Ambitious profit targets expected to back stock prices

With expectations for a robust economic recovery this year, many enterprises have set ambitious growth targets despite the inflation pressure and a possible interest...

Main index starts new week in upbeat mood

HCMC - Despite strong selling pressure, many large-cap stocks gained ground, driving the VN-Index of the Hochiminh Stock Exchange up 0.35% at the close...

Selling pressure behind stock market’s loss

HCMC - The increased selling pressure dragged the VN-Index of the Hochiminh Stock Exchange down 4.49 points, or 0.33%, from the session earlier, at...

Big-ticket stocks widely available

Going hand in hand with recent rallies of the VN-Index are stocks whose market prices are VND100,000 apiece or more. Most of them are...

Latest news