Stock market briefs

05-Jul-2018 Intellasia | | 6:02 AM Print This Post

The Nawaplastic Industries (Saraburi) Co., Ltd, has acquired more than 118,000 shares of Binh Minh Plastic Company (BMP) out of the total volume of nearly 1.2 million shares registered for purchase as of June 26, raising its holding at BMP from 52.9 percent to 53.1 percent. BMP’s share price has slid to some VND56,500 compared to its peak of VND90,100 at the end of February.

HCM City Everland Investment Company (EVG) has announced July 9 as the record date to pay a 2017 cash dividend to shareholders at 5 percent and issue some 10 million shares at a ratio of 1-for-1. The firm will sell the shares at VND10,000 each versus the current market price of VND5,000.

HCM City Hai Minh Company (HMH) has registered to buy back more than 1.3 million shares between July 11 and August 9. HMH’s share price is hovering between VND11,000 and VND12,000 each on the HCM City stock exchange.

HCM City Dong Phu Rubber Company (DPR) will pay a dividend of VND2,000 per share for 2017. DPR said it had earned a gross profit of VND148 billion in the first five months of this year, up by 105 percent year-on-year and meeting 78 percent of this year’s target. Its revenue reached VND272.8 billion between January and May, down by 0.9 percent year-on-year and fulfilling 37.3 percent of the year’s plan.

HANOI The management board of Vicostone Company (VCS) has approved a plan to buy back 1.6 million treasury shares after the plunge of VCS shares by 45 percent from its peak in April, said Viet Capital Securities Company. VCS will buy the shares within 30 days upon approval of the State Securities Commission of Vietnam on the local stock market. The purchase volume for each trading session ranges from a minimum of 48,000 shares to a maximum of 160,000 shares.

HANOI Shareholders of PetroVietnam Power Corporation (POW) have approved an extra cash dividend of VND2,792 per share, which comes from retained earnings generated between 2007 and 2015 and is subject to the finalisation procedure of parent company POW’s equitisation. In addition, NT2 also announced it would pay an interim cash dividend of VND1,500 per share for 2018.


Category: Stocks, Vietnam

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