Business Briefs 09 April 2019

09-Apr-2019 Intellasia | | 9:14 AM Print This Post

* SSI Securities Inc. (SSI) held the highest stock and fund certificate broking market share on the Hochiminh Stock Exchange in the first quarter of this year with 14.54%. The second and third positions were HCMC Securities Corp. (HSC) and Viet Capital Securities Company (VSC), which had a market share of 10.82% and 10.05%, respectively. Meanwhile, Techcombank Securities Company continued to have the highest bond broking market share with 88.59%.

* Phu Nhuan Jewelry Company (PNJ) has proposed an employee stock ownership plan (ESOP) issue equivalent to 1% of total outstanding shares for the board of directors and key management personnel in 2019. The share price is VND20,000 and the lock-up period is three years. Some 30%, 30% and 40% of the shares will be unlocked after the first, second and third year, respectively, since the date of issuance. Besides, PNJ plans to issue 400,000 new shares for Robert Willet, an independent board member.

* The Hanoi Stock Exchange eyes VND308 billion in pre-tax profit in 2019, up 0.3% against last year, and VND594.3 billion in total revenue, or a 5.6% increase. The northern securities market regulator also plans to pay VND61.6 billion to the State budget, slightly below VND62.4 billion in 2018.

* Vietnam National Shipping Lines, or Vinalines, wants to decrease its holding in Port of Haiphong Company (PHP) and Danang Port Company (CDN) to a 65% stake each, Cam Ranh Port Company to a 51 % stake, and Khuyen Luong Port Company to a 36% stake. MVN also plans to divest a 75% stake in Quy Nhon Port Company, which was sold to Hop Thanh Investment and Mineral Company. Vinalines targets a pretax profit of VND304 billion in 2019, down 39.2% from last year. Its revenue is expected to inch up 1.7% to VND13.8 trillion, said Viet Capital Securities Company.

* Petrolimex Petrochemical Company (PLC) targets a net profit of VND166.6 billion in 2019, up 9% against 2018. Its revenue is expected to pick up 1% to VND6.46 trillion in 2019. PLC plans a minimum dividend payment of 12% for this year.


Category: Business, Vietnam

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