Stock market briefs

01-Aug-2018 Intellasia | The Saigon Times | 6:02 AM Print This Post

Duc Thanh Wood Processing Company (GDT) has chosen August 7 as the record date to advance a 2018 first round dividend in cash for shareholders at 20 percent. The firm is expected to spend VND32.6 billion on the dividend payment given its current outstanding volume of 16.3 million shares. This year, GDT plans to offer a dividend payment ratio of 50 percent to 60 percent, in either cash or share.

HCM City Saigon general Service Corporation (SVC) said its consolidated net profit rocketed 80.3 percent year-on-year to VND35.3 billion in the second quarter of this year. The firm’s consolidated revenue dropped 11.6 percent to VND3.16 trillion in the period.

HANOI Following Vietnam Airlines’ (HVN) 1-for-0.1,558 new share issuance to existing shareholders, the Ministry of Transport has registered to buy 164.7 million new HVN shares at VND10,000 per share, equivalent to 15.58 percent of the ministry’s current total number of HVN shares, thereby retaining its 86.16 percent stake in HVN. The transaction will be completed on July 31. The ministry will pay the carrier VND578.4 billion in cash to purchase 57.8 million new shares, with the remaining 106.9 million new shares to be financed by the Enterprise Revaluation Fund account on HVN’s balance sheet, which belongs to the transport ministry.

HANOI Hanoitourist will auction its 25 percent stake on the Hanoi Stock Exchange on August 13, with the starting price set at VND13,000 each. The enterprise is capitalised at VND100 billion with 25 percent held by Thang Loi Hanoi Company and 50 percent held by NHS Construction and Investment Company.

HANOI Petrolimex Nghe Tinh Transport and Service Company (PTX) started trading 3.45 million shares on the market for unlisted public enterprises, or UPCoM, today at the starting price of VND10,000 each. Established in 2000, PTX has chartered capital of VND34.5 billion, in which 51 percent was held by Petrolimex Transportation Service Corporation.

HANOI Vietnam Natural Resources and Environment Corporation has offloaded over 978,000 shares of Cadastre and Environmental Resources Company (CER), or a 73.3 percent stake in the enterprise.

HANOI Lam Thao Fertilisers and Chemicals Company (LAS) said its net profit declined 18.2 percent year-on-year to around VND41.3 billion in the second quarter of this year. Its revenue decreased 13.4 percent to VND997.4 billion in the quarter. LAS attributed the decreases in its profit to the domestic saturated fertiliser market.


Category: Stocks, Vietnam

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