Stock market briefs

04-Jan-2019 Intellasia | The Saigon Times | 6:00 AM Print This Post

Phuc Hung Holdings Construction Company (PHC) started trading 20.8 million shares on the Hochiminh Stock Exchange today, with the reference price set at VND16,300, equivalent to its closing price on the Hanoi Stock Exchange earlier. PHC debuted on the northern bourse in 2009 with the chartered capital of VND30 billion, before making a decision to move to the suthern bourse last month.

HCM City Tran Thanh Phong, vice chair of Nam Long Investment Group (NLG), will be selling 1.5 million shares of the property firm from now to November 2. Once completed, Phong will reduce his stake to nearly 10 million shares, or 4.72 percent.

HCM City Vietnam Ventures Ltd acquired four million shares of Khang Dien House Investment and Trading Company from August 30 to September 28, raising its ownership to over 6.6 percent. The investor earlier registered to buy five million shares of KDH during the period.

HCM City CNG Vietnam Company (CNG) said it made a pre-tax profit of VND91.3 billion in the January-September, which fulfilled 77 percent of the year’s target. Its revenue reached VND1.34 trillion in the period, meeting 96 percent of the full-year plan.

HANOI Vietnam National Shipping Lines, or Vinalines, will float over 5.4 million shares on the market for unlisted public enterprises, or UPCoM, on October 8 at the reference price of VND10,000. Earlier, the firm launched its initial public offering on September 5 with nearly 489 million shares, but only 5.4 million shares were sold to investors.

HANOI Minh Phu Seafood Corporation (MPC) is planning to issue 75.72 million shares, instead of 60 million shares as earlier estimated, in a private placement and remove some business fields including real estate. After the issuance, MPC expects to raise its registered capital to VND2.16 trillion from the current VND1.4 trillion. In September, MPC founded a hi-tech agriculture company in Kien Giang Province with a total capital contribution of VND60 billion, equal to a 60 percent stake.

HANOI Vietnam National Textile and Garment Group (VGT) said its revenue reached VND36.4 trillion between January and September, up 10 percent year-on-year and meeting 75 percent of the year’s target. In September alone, its revenue rose 21 percent year-on-year to VND4.48 trillion. The firm raked in $2.04 billion from exports between January and September, up 6 percent over the same period last year, including $227.5 million in September.


Category: Stocks, Vietnam

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