Investors eye technology shares
Regardless of the difficulties from recession, the technology sector is still regarded as a young and dynamic business segment with an expectation of rapid growth once the economy shows signs of recovery.
Currently, some technology and telecommunication stocks are still attracting investors such as FPT (FPT Corp), ELC (Electronics Communications Technology Investment Development Corp) and CMG (CMC Corp).
Of which, stock of FPT telecommunication giant is the most attractive to players. Especially, Orchid Fund has recently bought additional 2.7 million FPT-coded shares, raising its holding to over 11 percent stake.
Orchid Fund has bought these stocks from three investors namely KITMC Worldwide Vietnam RSP Balance Fund 1, Dragon Capital Mother Fund and Mirae Asset Maps Opportunity.
Before that, Orchid Fund was the biggest shareholders with nearly 21.175 million stocks, equal to 9.81%. With such assignment, Orchid Fund has raised its holding up to nearly 23.874 million stocks, accounting for 11.05 percent of listed stocks and 8.8 percent of circulating stacks.
FPT’s outstanding activity holding investors’ attraction was that F-1 Cubesat was launched into space by FSpace Laboratory of FPT Technology Research Institute (FPT University) on 21 July, 2012. F-1′s target was staying in the space and distributing its signals back to the Earth with the speed of 1,200 bits per second.
Meanwhile, Low Current – Telecom Joint Stock Co (LTC) is planning to raise capital for its business and production activities from many different sources, of which, the main source will be from its partners who are participating in the company’s projwcts.
In addition, LTC has been asking Vietnam Posts and Telecommunications Group (VNPT) not to divest and to hold a stable current rate of its capital in the company. According to Nguyen Quoc Khanh, director of LTC, in the future LTC would focus on improving financial ability and developing the risk management.
CMC Corp (CMG) is showing clearly its target of reforming system, which focuses on the safe factors and limiting the risks at the maximum with main methods such as planning control, risk control and cost control to enhance the efficiency.
According to Nguyen Trung Chinh, vice President of CMC’s board of management, CMC has been restructuring two companies in the telecommunications sector namely CMC TI and CMC Telecom with the target of optimising the operation efficiency. In addition, CMC also reformed subsidiaries with less effective business such as making merger between Distribution and CMS.
Electronics Communications Technology Investment Development Corporation (ELC) had its own way of relying on revenue sharing contracts with network companies and their services. According to the ELC’s representative, its revenue from this activity was estimated to increase by 15-20 percent per year and to generate stable profit in the next five years.
Category: Stocks
