Stock market briefs

23-Oct-2018 Intellasia | The Saigon Times | 6:00 AM Print This Post

The Hanoi Stock Exchange last Friday announced that it had received no bidders for Vietcombank’s (VCB) auction of 45.6 million shares in Eximbank (EIB) with a starting price of VND14,497 a share planned for tomorrow. The current system requires bidders to register and place a deposit by October 15 before registering price and volume indications. Thus, without any registered bidders, the auction scheduled for October 22 was cancelled. Previously, on October 15, VCB held an auction for 53.4 million shares of Military Bank (MBB) with a starting price of VND19,641 a share. However, only 10,000 shares were successfully sold to an individual investor, equivalent to a success rate of 1.9 percent.

HCM City FPT Corporation (FPT) has announced business results in the January-September period with after-tax profit reaching VND1.8 trillion, up 21 percent year-on-year, as all core operations, including software outsourcing, telecom and education, continued strong growth. The telecom services saw a double-digit broadband subscriber expansion and dwindling losses from the pay television service.

HCM City Truong Thanh Real Estate and Construction Company (TEG) has decided to transfer its 50 percent stake in a stone mining project in Binh Dinh Province at not lower than VND30 billion. The plan will be conducted within this year.

HCM City Nam Viet Corporation (ANV) said its consolidated net profit jumped 3.4 times year-on-year to over VND114 billion in the third quarter of this year thanks to increases in gross profit and financial incomes. Its revenue soared 42.6 percent to around VND1 trillion in the quarter.

HCM City Nguyen Ho Nam, chair of Bamboo Capital Company (BCG), has registered to buy over 2.7 million shares of BCG within 30 days starting October 23. Once completed, he will increase its stake to 10.11 percent, or over 10.9 million shares.

HCM City Binh Duong Trading and Development Company (TDC) has announced October 29 as the ex-dividend date to pay a cash dividend for shareholders at 11 percent. It will make the payment on November 22.

HANOI Dabaco Group Company (DBC) said its consolidated net profit dipped 1.2 percent year-on-year to VND153.8 billion in the third quarter of this year. Its revenue climbed 10.5 percent to VND1.86 trillion in the period.

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Category: Stocks, Vietnam

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