Business Briefs 09 January 2019

09-Jan-2019 Intellasia | | 12:03 PM Print This Post

* Thanh Thanh CongBien Hoa Company (SBT) made a consolidated net profit ofVND37.9 billion on revenue ofVND2.5 trillion in the first quarter of the fiscal year 2018-19 beginning July 1, 2018, down 56.5 percent and up 61.5 percent year-on-year respectively. SBT targets a pre-tax profit ofVND680 billion in its current fiscal year, equal to the figure of the 2017-18 fiscal year, while its net revenue is expected to rise 12 percent to VNDl1.5 trillion. Besides, the sugar firm Will issue 29.73 million shares to pay a share dividend at a 6-for-100 ratio for its 2017-18 fiscal year on the record date of January 15.

* PetroVietnam Power Corporation (POW) will start trading over 2.3 billion shares on the Hochiminh Stock Exchange on January 14, with the initial price set at VND14,900. On the last trading day on the market for unlisted public enterprises, or UPCoM, December 27, 2018, POW surged 8.1 percent at VND 16,000′on matching volume of over 6.7 million shares. The firm had traded shares on the UPCoM for around nine months.

* Nguyen Kim Investment and Development Company has registered to buy over 760,000 shares of Lam Dong Pharmaceutical Company (LDP) from January 9 to January 11 to raise its ownership to 33.7%. Currently, LDP owns nearly 1.88 million shares at LDP, or a 24 percent stake.

* Song Da 11 Company (SJE) has announced January 11 as the record date to issue over 6.9 million shares for existing shareholders atVND15,000. The issuance ratio is 6-for-10 and the new shares are available for transfer. SJE expects to earn nearly VND104 billion from the issuance to invest in a solar power plant in Binh Thuan Province.

* Le Thai Hung, a board member and general director of Que Phong Hydropower Company (QPH), purchased nearly 1.3 million QHP shares out of the registered volume of 1.5 million shares from December 26 to January 3, 2019. Hung now holds over 1.33 million shares at the firm, or a 7.18 percent stake.

* Animal feed producer Dabaco Group (DBC) targets a net profit of VND356 billion this year, up 44.7 percent against the plan set for 2018. Its revenue is expected to reach VND 1 0.4 trillion this year, up 11.8 percent from the target set for 2018.


Category: Business, Vietnam

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