Business Briefs 22 January 2019

22-Jan-2019 Intellasia | | 8:36 AM Print This Post

* PetroVietnam Ca Mau Fertilizer Company (DCM) targets a net profit of VND240 billion this year, down 50% against 2018, due to new gas prices and risk prevention related to the U.S.-China trade war and impacts of the Comprehensive and Progressive Trans – Pacific Partnership (CPTPP). Its revenue is expected to rise over 10% to VND6.92 trillion, said Viet Capital Securities Company.

* Quynh Phuc Trade and Production Company, an organization related to guyen Van Tri, a board member of Binh Duong Water and Environment Company (BWE), has registered to sell its entire 2.85 million BWE shares, or a 1.9% stake, from now to February 20.

* Dien Quang Company (DQC) has announced to buy 3.7 million treasury shares from January 29 to February 27, with the buying price driven by the market. The light bulb producer now has 3.1 million treasury shares.

* Hoang Dinh Loi, general director of Truong Thanh Real Estate and Construction Company (TEG), will be selling his entire 1.25 million shares at TEG, equal to a 6.4% stake. Transactions will be made from now to February 20 via put-through.

* Sao Mai Group (ASM) has announced a 7% cash dividend for shareholders, including 5% for 2017 and 2% for 2018.

* Minh Phu Seafood Corporation (MPC) looks to make VND2.3 trillion in pre-tax profit this year. In 2018, MPC earned net profit of VND1.13 trillion from its revenue of VND24 trillion. The company is negotiating and seeking investors to issue shares in a private placement. The issuance value will be US$230 million or US$250 million. In late 2018, MPC planned to issue 75.72 million shares instead of 60 million shares in a private placement. The share sale will help MPC raise its registered capital to VND2.16 trillion from the current VND1.4 trillion.

* TNG Investment and Trading Company (TNG) said its net profit jumped 83% year-on-year to over VND50 billion in the fourth quarter of last year thanks to an increase in incomes from financial investment. Its revenue soared 38,3% year-on-year to over VND886 billion in the quarter.


Category: Business, Vietnam

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