Business Briefs 12 July 2018

12-Jul-2018 Intellasia | | 11:17 AM Print This Post

* HDBank has successfully issued VND 1 trillion worth of bonds in a private placement, following an offer ofVND5 trillion worth of bonds earlier this year. The unconvertible, unsecured bonds have a face value ofVNDI billion each and a tenor of three years.

* Hai Phat Investment Company (HPX) will float 150 million shares on the Hochiminh Stock Exchange on July 24 at the reference price ofVND26,800 per share. The property firm is investing in new urban area projects, such as The Vesta, Roman Plaza and Phu Luong in Hanoi City.

* The Development Investment Construction Corporation (DIG) has decided to issue more than 14 million shares to pay dividend for 2017 to shareholders at 6%. DIG’s share price is trading at some \ :1)14,000 on the HCM City Stock Exchange, with matching volumes of more than 1.3 million shares per session. Earlier, Viet Capital Securities Company had registered to buy 11 million shares of DIG to double its holdings to 9.3%, or more than 22.2 million shares.

* Digiworld Corporation (DGW), a distributor of technology products, projected a net profit increase of 13 percent year-on-year to VND23 billion in the second quarter of this year. Its revenue surged by 72 percent to reach :1)1.36 trillion in the second quarter, its highest revenue so far, thanks to the respective sharp increases of345 percent and 52 percent in smartphone revenue and office equipment sales. DGW made an estimated net profit ofVND42 billion on revenue of VND2.63 trillion in the first half of this year, marking increases of 45 percent and 69 percent year-on-year and meeting 41.6 percent and 55.9 percent of the annual targets, respectively.

* Investment Company (PIC) earned a consolidated net profit of VND18 billion on revenue ofVND28 billion in the second quarter of this year, up by 44 percent and 58 percent year-on-year, respectively. Between January and June, PIC made a net profit ofVND27. 7 billion, surpassing its annual target by 17%.

* Vietcombank has exercised its full right to participate in Vietnam Airlines’ (HVN) rights issue to buy 2.3 million shares at VND 10,000 per share, increasing its stakes in HVN from 14.8 million shares to 17 million shares.


Category: Business, Vietnam

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