Business Briefs April 20

20-Apr-2012 Intellasia | | 1:48 PM

* Vietnam Securities Depository Centre (VSD) has lately announced the dividend payment schedule of A Dong Paint Joint Stock Co (UPCOM-listed ADP).

* Vietnam Securities Depository Centre (VSD) has released the dividend payment schedule of Ha Giang Mechanical and Mineral Joint Stock Co (coded HGM).

* Sacombank Securities Joint Stock Co (coded SBS) has lately released the business results for Q1 of 2012. Accordingly, the company’s Q1 revenue was posted at 2.2 billion dong, down 99.3 percent against the same period last year, of which brokerage revenue was estimated at 8 billion dong, revenue from self-trading activities of negative 13 billion dong and other revenue of 6.8 billion dong.

* Ban Viet Securities Joint Stock Co (VCSC) has released its annual business report in 2011 with total revenue of over 463.7 billion dong, rising 20.8 percent from 2010.

* Saigon Thuong Tin Real Estate Joint Stock Co (Sacomreal – coded SCR) has recently released the documents to be submitted for approval in the upcoming annual general meeting (AGM) on April 25, 2012.

* Hoa Sen Group Joint Stock Co (coded HSG) has lately released the transaction results of purchasing in the fund shares. Accordingly, the company has already purchased 707,520 fund shares within the period from January 16 to April 16.

* Mekong Fisheries Co (AAM) has announced April 25 as the ex-dividend date for shareholders to receive 2011 third round dividend in cash at 12 percent.

* Viet A Commercial Bank has acquired over 3.5 million shares of Dat Xanh Real Estate Service & Constructions Corporation (DXG), or an 11 percent stake in the enterprise.

* Century 21 Company (C21) has announced April 27 as the ex-dividend date to pay 2011 final round dividend in cash for shareholders at 9 percent.

* Song Da Construction and Investment Joint Stock Co has registered to buy 13.4 million shares of Ocean Group Company (OGC) within two months from April 24.

* Pan Pacific Corporation (PAN) has plans to sell one million treasury shares while Hoa Sen Group (HSG) has registered to buy back two million shares as treasury shares within three months from April 25.

* PetroVietnam Engineering Consultancy Company (PYE) has gained approval in principle to float an additional seven million shares on the northern bourse.

* Ngan Son Company (NST) has announced May 8 as the ex-dividend date to pay 2011 dividend in cash for shareholders at 18 percent.

* The southern bourse-listed Tu Liem Urban Development Joint Stock Co (coded NTL) has released the parent company’s business results for the first three months of this year. In details, the company reported gaining after tax profit of 5.54 billion dong, declining by over 85 percent against the same period of 2011 and lower than the previous quarter (Q4 of 2011) at 9 billion dong.

* The management board of Dat Xanh Construction and Real Estate Services Joint Stock Co (coded DXG) has released the 2012 business plan with targeted pre-tax profit of 70 billion dong, doubling against the previous year.

* Nguyen Thi Lan, chair of management board in PetroVietnam Gas Corp (PVGas) announced that in 2012, the company plans to make investment in 49 projects with total investment capital of 7.69 trillion dong, including large projects such as South Con Son 2 Gas Plant, Ca Mau Gas Plant, LNG plant and LNG depot in Binh Thuan province.

* Vietnam Maritime Department yesterday revealed that the bidding package No 6, under section A of the Lach Huyen International Port in Hai Phong city would be started in early October 2012.

* Ministry of industry and trade and Binh Thuan province people’s committee has lately inaugurated and put into operation the wind power plant No 1 situated in Binh Thanh Commune, Tuy Phong Dist. deputy prime minister Nguyen Xuan Phuc also attended in the ceremony.

* Pha Lai Thermo Power Joint Stock Co (coded PPC) has recently announced the resolution of its annual general meeting (AGM) 2012 whereby Nguyen Khac Son, PPC’s representative, said that the electricity selling price that PPC signed with Electricity of Vietnam (EVN) was specified in two types, including fixed price and alterable price.

* Apart from expanding investments in infrastructure of industrial parks, tourism sector is also considered long term investment opportunity in Vietnam market by Amata Group (Thailand).

* PetroMacareo, a joint venture set up under the cooperation relationship of two governments, Venezuela and Vietnam has recently officially started exploiting the first oil field in Junin 2 Block, Venezuela.

* Dien Hong Printing Joint Stock Co (coded DHI) released the Q1 financial reports with net revenue of 2.9 billion dong and after tax profit of negative 428 million dong.

* Kinh Do Joint Stock Co (coded KDC) has lately released the documents to be submitted for approval in the 2012 annual general meeting (AGM). In details, the company set targets to reach whole year net revenue of 5.5 trillion dong, pre-tax profit of 500 billion dong, increasing by 29.5 percent and 43.3 percent respectively against 2011.

* Mekong Fisheries Co (AAM) has announced April 25 as the ex-dividend date for shareholders to receive 2011 third round dividend in cash at 12 percent.

* Viet A Commercial Bank has acquired over 3.5 million shares of Dat Xanh Real Estate Service & Constructions Corporation (DXG), or an 11 percent stake in the enterprise.

* Century 21 Company (C21) has announced April 27 as the ex-dividend date to pay 2011 final round dividend in cash for shareholders at 9 percent.

* Song Da Construction and Investment Joint Stock Co has registered to buy 13.4 million shares of Ocean Group Company (OGC) within two months from April 24.

* PetroVietnam Engineering Consultancy Company has gained approval in principle to float an additional seven million shares on the northern bourse.

* Ngan Son Company (NST) has announced May 8 as the ex-dividend date to pay 2011 dividend in cash for shareholders at 18 percent.

* Ford Vietnam has launched Hot Summer Deal to give special promotions to customers buying cars this summer. The promotion applies for all versions of Everest, Escape, Mondeo, Focus and Fiesta 4-door 1.6L AT with discounts of 2-9 percent per unit.

* Manulife Vietnam yesterday signed a cooperation agreement with the Vietnam Sports Administration (VSA) to provide career opportunities in the field of life insurance to retired national athletes and coaches. Under the agreement, the VSA will playa bridging role between Manulife and athletes and coaches, while Manulife will provide them with professional training and essential support for their post-sports career planning and development.

* The US-based luxury real estate brokerage agency Sotheby’s International Realty on Tuesday opened an office in the central city of Da Nang which is the firm’s second office in Vietnam.

* Japan’s Nipro Pharma Corporation has been licensed to develop a plant producing pharmaceutical products in an area of 150,000 square meters in VSIP Hai Phong Township and Industrial Park Complex, Hai Phong City. The project, worth $250 million, will start in August and go into trial operation in March, 2014.

* Benkan Vietnam has received an investment license to build a plant producing stainless-steel and copper pipes in Thuan Dao Industrial Park, Long An Province. The plant can produce 800,000 tonnes of products annually.

* Textbook Printing Company in HCM City (SAP) targets to obtain 13 billion dong in revenue and 1.7 billion dong in pre-tax profit in 2012.

* Vietnam Commercial Joint Stock Bank of Industry and Trade (VietinBank-CTG) has reported its business results for the first quarter of 2012 with net interest income growth of 2.89 percent over the same period last year to reach more than 4.25 trillion dong.

* Dai A (Great Asia) Commercial Joint Stock Bank (DaiABank) on April 19 organised its annual general meeting (AGM) 2012 whereby the bank reported gaining pre tax profit of 500.8 billion dong in 2011, growing 300 percent from 2010 and fulfilling 100 percent of the year’s target with dividend payout at 10 percent.

* BIDV Insurance Corp obtained over 254 billion dong in revenue and 30.3 billion dong in pre- tax profit in the first three months of this year.

* HCM City Development Bank has cut lending rates by up to two percentage points per annum for individual customers.