Stock market briefs

15-Jan-2020 Intellasia | The SaigonTimes | 6:02 AM Print This Post

Vietnam National Petroleum Group (PLX) has announced that its consolidated pre-tax profit in 2019 reached over VND5.4 trillion, an increase of 9 percent versus the 2018 figure. The fuel distributor recorded its fuel sales exceeding 13 million cubic meters per tonne, up 5.9 percent year-on-year. Also, its contribution to the State budget totalled VND41.8 trillion, up 7 percent against that of 2018, reported Cafef.vn.

HCM CityThe management board of Hochiminh City Securities Corporation (HSC) appointed HSC deputy general director Trinh Hoai Giang as the general director on January 9. Giang will assume the new position on April 1, replacing Johan Nyvene who had managed the securities firm since 2007.

HCM CityNawaplastic Industries Co., Ltd of Thailand purchased more than 44.5 million shares of Binh Minh Plastics JSC (BMP) on December 31, 2019 and became the latter’s large shareholder. Nawaplastic owned no BMP shares before the transations.

HCM CitySSI Asset Management Company Limited (SSIAM) has signed an agreement with South Korean asset managemnent firm NH-Amundi to jointly develop products based on exchange traded funds VN30 and VNX50, as well as launch other funds in the local market. Amundi is reportedly one of the global top 10 asset management firms.

HCM CityHVC Investment and Technology JSC (HVH) has announced January 20 as the ex-dividend date to pay a 2019 first-round 2019 cash dividend at 5%. The payment date is slated for February 6.

HANOIHue Textile Garment JSC (HDM) has set a target to obtain VND1,845 billion in revenues this year, up 3 percent against last year’s estimated figure. Besides, it aims to earn outbound sales of $112 million and a pre-tax profit of VND40 billion, rising 12 percent and 93 percent year-on-year. The firm will continue implementing projects approved in 2019 and conduct further ones, with a focus on automation to enhance productivity and reduce labour force at its factories.

HANOIIndividual investor Nguyen Thanh Tung offloaded 1.082 million shares of Hanoi Construction Investment JSC (HCI), or a 20.69 percent stake, and is no longer HCI’s major shareholder. The transactions were carried out on January 2.

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Category: Stocks, Vietnam

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