Business Briefs 14 March 2019

14-Mar-2019 Intellasia | | 9:18 AM Print This Post

* Imexpharm Corporation (IMP) has projected its pre-tax profit at VND220 billion this year, up 14.1 % compared to 2018. Its revenue is expected to rise 20% to VND1.45 trillion in 2019. IMP plans to spend VND10.58 billion buying 1.05 million shares of Agimexpharm Pharmaceutical Joint Stock Company in the coming time. Currently, IMP holds

a 32.99% stake, or 32.17 million shares, in AGP.

* Dien Quang Company (DQC) has announced the second interim dividend of VND1,500 per share, which is set to be paid on April 10 and translates to a dividend yield of 5.2% based on the current market price of VND29,000.

* Vietnam National Petroleum Group (PLX) plans to build a liquefied natural gas LNG) terminal in Khanh Hoa Province, which will be located next to a petroleum storage depot. In its five-year investment plan, PLX looks to invest in two LNG terminals in Tien Giang Province and Khanh Hoa Province with the total investment capital of more than US$500 million.

* FPT Retail Company (FRT) plans to open 100 new FPT Shop stores in 2019 to increase its total to 633 by the end of the year. FRT expects to launch a partnership with mobile carrier Vinaphone to roll out more price subsidy packages beside its existing offerings in cooperation with Mobifone and Vietnamobile.

* KB Vietnam Focus Balanced Fund has registered to sell 800,000 shares in HCMC Infrastructure Investment Corporation (CII) to cut its stake from 1.47% to 1.1 %. Transactions will take place from March 15 to April 12.

* Thang Long Investment Group (TIG) will buy 4.8 million shares, or a 20% stake, in HDE Hi-tech Building Investment JSC. Currently, TIG owns no shares of the latter. Recently, TIG purchased 2.5 million shares of HDE Distribution rsc, the sole distributor of home appliances of South Korea’s Hyundai Electronics, to raise its holding ill the latter to 12.5 million shares, or a 50% stake, said Viet Capital Securities Company.


Category: Business, Vietnam

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