Stock market briefs

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

Mobile World Investment Group (MWG) has released its preliminary earnings report for the January-September period, with its revenue put at VND65.5 trillion and its after-tax profit at VND2.2 trillion, up 37 percent and 34 percent year-on-year, respectively. These good results were primarily driven by surging online sales and contributions from new stores in the mobile phone and consumer electronics businesses.

HCM City No Va Land Investment Group (NVL) has passed a plan to issue over 22.6 million shares through an employee stock ownership plan at VND10,000 each. NVL will also issue 13.66 million shares via a private placement to convert preferred shares previously issued for two individuals. Besides, the firm will invest an additional VND46 billion in Phong Dien Real Estate Investment Company to raise its holding over 50.9 percent, or nearly 4.9 million shares.

HCM City Truong Thanh Real Estate and Construction Company (TEG) has announced to buy over 2.5 million shares of Truong Thanh Quy Nhon Real Estate Company, with the price not higher than VND15,800 per share. After the purchase, TEG will spur its ownership to over five million shares. It will conduct the plan in the last quarter of 2018.

HCM City Doanh Bao An Company, an organisation related to Tran Bao Toan a board member of Fideco Company (FDC), has registered to sell over 1.5 million shares of FDC from now to November 28. Once completed, the investor will reduce its holding at FDC to over 4.7 million shares, or a 12.3 percent stake.

HCM City VNDirect Securities Company (VND) has decided to buy back 10 million shares as treasury shares, aiming at reducing its outstanding volume and restructuring capital sources. Transactions will take place between November 14 and December 12.

HCM City Phu Nhuan Jewellery Company (PNJ) has decided to issue over 4.8 million shares via an employee stock ownership plan, equivalent to 3 percent of its current outstanding volume.

HANOI Vicostone Company (VCS) has decided to buy back 3.2 million shares as treasury shares, or 20 percent of its current outstanding shares, within around one month starting November 6.

HANOI Truong Tien Holdings Company has acquired 700,000 shares of Phu Thanh Garment Company (MPT), or a 4.5 percent stake in the enterprise. Earlier, the investor had no shares at MPT.

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Category: Stocks, Vietnam

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