Business Briefs January 20, 2017

21-Jan-2017 Intellasia | | 4:46 PM Print This Post

* Hochiminh City Infrastructure Investment Company has registered to buy 9.5 million shares of Cll Bridges & Roads Investment Company (LGC) to increase its ownership from 49 percent to 53.9 percent in one month starting from January 20.

* An Phat Plastic & Green Environment Company (AAA) has added 5.06 million shares on theHCMCityexchange, raising its total outstanding volume to 56.9 million shares. The new shares will be tradable on January 24.

* Phu Tai Company (PTB) said its revenue climbed 20 percent year-on-year to VND3.68 trillion in 2016 and its net profit surged 42 percent to VND334.06 billion. This year, it looks to earn revenue of VND4.66 trillion and pre-tax profit of VND428 billion, Viet Capital Securities Company reports.

* Duc Quan Investment and Development Company (FTM) will make its debut on theHCMCityexchange on January 25, offering 50 million shares at the reference price of VND18,000 each.

* Thai Son Commerce and Service Company has registered to sell its entire stake of 1.4 million shares in Binh Dien Fertiliser Company (BFC) from January 20 to February 17.

* Ba Ria Thermal Power Company (BTP) posted revenue of VND 1.6 trillion last year, down 9 percent from a year earlier, and after-tax profit of VND 118 billion, up 23 percent. The firm has set a target of attaining nearly VND2.07 trillion revenue and VND88.8 billion pre-tax profit, and plans to pay a 2017 dividend at 10 percent.

* Danang Airports Services Company (MAS) said it would pay a 2016 second round dividend in cash for shareholders at 40 percent on the record date of February 7. Payments are slated for February 22.

* Hoc Mon Trade Company (HTC) has issued 500,000 shares under an employee share ownership plan (ESOP), sending its total outstanding volume rising to 11 million shares. The new shares will be tradable on January 23 but half of them are not transferable until May 31 and the remainder until November 30.

* Bao Viet Value Investment Fund (BVIF) has registered to buy eight million shares of Vietnam National Reinsurance Corporation (VNR) between January 18 and February 16. BVIF currently holds no VNR shares.

*Vietnamhas suspended imports of numerous agricultural products fromIndonesiadue to the high risk of the Caryedon serratus (Olivier) beetle, according to a decision signed by deputy minister of Agriculture and Rural Development Le Quoc Doanh.

*Vietnam’s GDP growth in 2017 is expected to reach 6.4 percent, a 0.2 percent increase from 2016, according to the German Deutsche Bank.


Category: Business, Vietnam

Print This Post

Comments are closed.