Vietnam Stocks: PetroVietnam Drilling, Phuoc Hoa, Vitranschart

16-May-2012 Intellasia | Bloomberg | 7:01 AM Print This Post

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in HCM City. The VN Index (VNINDEX), the benchmark measure of the HCM City Stock Exchange, fell 2.2 percent to 469.69, the most since March 27.

PetroVietnam Drilling & Well Services Joint-Stock Co. (PVD VN), which offers technical services to the oil and natural-gas industry, sank by the daily limit of 5 percent to 40,200 dong, the lowest since April 16. The company canceled a planned $200 million overseas bond sale, the Lao Dong newspaper reported today, citing unidentified company officials.

Phuoc Hoa Rubber Joint-Stock Co. (PHR), the country’s biggest listed rubber company by market value, dropped 4.8 percent to 33,800 dong, the biggest decline since February 6. Its first-quarter income slid 14 percent to 169.1 billion dong ($8.1 million), according to an exchange filing.

Vietnam Sea Transport & Chartering Joint-Stock Co. (VST), a shipping services provider, known as Vitranschart, slid 3.9 percent to 4,900 dong. The company had a net loss of 20.8 billion dong in the first quarter, compared with a profit of 3.93 billion dong in the same period last year, according to a statement on the exchange’s website.


Category: Stocks

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