Stock market briefs

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

Hoa Phat Group (HPG) sold 1.09 million tonnes of construction steel in the first half of 2018, growing 8 percent versus the same period last year. According to Viet Capital Securities Company, the single-digit growth was mostly due to HPG’s basic oxygen furnace maintenance in the second quarter and also because the company has already been running at its full capacity since the end of 2017. Its steel pipe sales leapt 15 percent year-on-year to 314,200 tonnes.

HCM City Vincom Retail Company (VRE) plans to open nine more commercial centers in the third quarter of 2018, taking to 60 the total number of its centers in the country.

HCM City Vinh Son-Song Hinh Hydropower Company (VSH) said its consolidated net soared 48.5 percent year-on-year to VND106.6 billion in the second quarter of this year, thanks to an increase in gross profit. Its revenue increased 37.8 percent to VND174.25 billion in the quarter.

HCM City GTN Foods Company (GTN) has announced its after-tax profit in the January-June period at VND24 billion, up 41 percent year-on-year, which was primarily attributed to its higher ownership in the dairy subsidiary Moc Chau Milk and a scale-down in the loss-making pig farming business.

HANOI PetroVietnam Oil Corporation’s (OIL) revenue and after-tax profit this year are forecast to drop 20.9 percent and 18 percent against last year to VND47.2 trillion and VND400 billion, respectively. The management attributes this to volatile oil prices.

HANOI Power Engineering Consulting Company 2 (TV2) said its consolidated net profit tripled year-on-year to VND63.4 billion in the second quarter of this year. The firm’s consolidated revenue dropped 12 percent to VND416.7 billion in the period. Its selling costs and administrative costs fell 40 percent and 54 percent to VND15.9 billion and VND17.1 billion in the period, respectively.

HANOI Everest Securities Company (EVS) plans to issue shares for domestic and foreign partners to raise its registered capital from VND600 billion to VND1 trillion this year. The firm will start trading 60 million shares on the market for unlisted public enterprises, or UPCoM, on August 1 at the reference price of VND12,000 each.

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Category: Stocks, Vietnam

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