Stock market briefs

14-Feb-2020 Intellasia | The SaigonTimes | 6:02 AM Print This Post

Truong Hai Auto Corporation (THA) has raised VND2 trillion from a bond issue, fulfilling two-thirds of its full-year plan. The debt is inconvertible and the firm used its land as collateral. The coupon is 9.8 percent for the first year, and will be based on the average lending rate at local banks plus 3.2 percentage points. Payment will be made every six months. THA plans to raise a total of VND3 trillion from bond sales in 2020.

HCM City Vietnam International Bank (VIB) earned more than VND8.1 trillion in revenue in 2019, up 33 percent compared with the previous year. The bank’s service revenue doubled 2018′s figure to VND3.42 trillion. Meanwhile, provision expenses dropped 7 percent to VND605 billion as its non-performing loan ratio declined to 1.7 percent from 2.2%. The bank also repurchased all bad debts it had sold to the Vietnam Asset Management Company.

HCM City Vincom Retail (VRE) launched nine commercial centers into operation within the last quarter of 2019, including six Vincom Plazas in Cao Lanh, Di An, Cam Pha, Soc Trang, Kon Tum, Bac Kan, and three Vincom+ units in Phu Tho, Ninh Hoa and Nghe An. As of the end of last year, VRE was operating 79 commercial centers across 43 cities and provinces with the retail area of 1.6 million square meters.

HCM City Digiworld Corporation (DGW) has targeted a net profit of VND202 billion in 2020, up 25.5 percent against last year. The revenue is expected to rise 20 percent to VND10.2 trillion this year.

HANOI SCI Company (S99) has approved a plan to issue 10.2 million shares to raise its registered capital by 23.83 percent to VND530 billion. S99 will sell the shares to existing shareholders at a 5-for-21 ratio at VND10,000 each. Of the expected proceeds, S99 wants to spend VND50 billion on the Nam Lom 2 hydropower project with total capital of VND629 billion, VND20 billion on the Nam Xe hydropower project worth VND665 billion, and VND31.5 billion on the VND276 billion Nam Lum 1 hydropower project.


Category: Stocks, Vietnam

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