UPCoM ignores Ha Bac Fertiliser

The Top 50 Best Annual Reports of listed companies on Vietnam's two stock exchanges were honoured on July 25. (Photo: thoibaonganhang.vn) HCM City (VNA) – Some 50 listed companies were honoured at the Best Annual Report Awards during a ceremony in HCM City on July 25. The ceremony, held by the Ho Chi Minh Stock Exchange (HOSE), Hanoi Stock Exchange, Vietnam Investment Review and Dragon Capital Group, also celebrated the 10th year of the awards. The awards have improved awareness of the importance of transparency among listed firms in Vietnam, HOSE Deputy Director General Le Hai Tra said at the event. Ensuring transparency and protecting the rights of shareholders are not only goals of laws but also of the awards over the past decade, he added. The annual awards aim to encourage the listed firms to provide transparent reports to the public, improve management quality and promote standardised and sustainable development. The winners are the best reports out of 125 finalists selected from 638 listed companies in the qualifying round after consultations with four audit firms. The event saw an increase of 45 percent in the number of reports featuring sustainable development compared to last year while there were 64 reports written in English and six following the International Financial Reporting Standards.-VNA... [read more]

Investors monitor trading at the Royal International Securities JSC in Hanoi (Photo: VNA) Hanoi (VNA) - Vietnamese shares bounced back from a three-day losing streak on July 25 as investor confidence rebounded on banks’ six-month results and a lower chance of margin-call risk. The benchmark VN Index on the HCM Stock Exchange rose 0.99 percent to close at 767.27 points, reversing a three-day loss of 1.5 percent. The HNX Index on the Hanoi Stock Exchange gained 0.91 percent to end at 97.81 points. The northern market index had fallen total 1.9 percent in the previous three sessions. More than 234.3 million shares were traded on both local exchanges, worth 4.8 trillion VND (213 million USD). The trading figures on July 25 were increases of 6.6 percent in trading volume and 35.6 percent in trading value compared to July 24. Foreign investors remained net buyers with total net buy value of 1.27 trillion VND, a seven-fold increase compared to the figure made on July 24. [Vietnam’s securities market grows more attractive to foreign investors] Bank stocks performed the best among 20 sectors on the stock market. The banking sector index advanced 2.6 percent, according to vietstock.vn. Seven of the nine listed bank stocks made gains with shares of MB Bank (MBB) and Bank for Investment and Development of Vietnam (BID) rising 6.8 percent and 5.7 percent, respectively. The two banks have announced their net profits in the first half of 2017…... [read more]

Vietnam Annual Report Awards have unveiled the top reports of its 2017 edition. Winners of the 2017 ARAs  The list of the winners of the 2017 Annual Report Awards (ARAs) has been announced tonight in Ho Chi Minh City. This year also marks the tenth edition of the awards, jointly organised by VIR, Ho Chi Minh City Stock Exchange (HOSE), and the Hanoi Stock Exchange (HNX) with support from Dragon Capital. Out of the 638 eligible reports submitted by firms listed on HOSE and HNX, 125 have made it to the final round. The judges have hand-picked 50 reports to honour at tonight's ceremony, divided into the Top 10, the Top 30, and the Top 50. Some companies have earned bonus points for preparing their reports under International Financial Reporting Standards (IFRS) and for providing an English version. For the first time ever, the reports in the 2017 ARAs have been evaluated by four leading audit firms Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers. The number of judges also increased from seven to nine, with new members from Vietnam Securities Depository and Vietnam Chamber of Commerce and Industry. Similar to previous years, firms with outstanding reports on corporate governance and sustainability were also celebrated. “Throughout the past ten years, the ARAs have been tirelessly promoting information transparency in Vietnam,” said VIR’s editor-in-chief Le Trong Minh. Le Hai Tra, deputy CEO of HOSE,…... [read more]

Shares sank for a third day on the nation’s two exchanges ​on July 24 as investors remained wary of the market outlook (Photo: VNA) Hanoi (VNA) - Vietnamese shares fell for a third session in both local markets on July 24, driven down by securities firms, energy companies and property developers. The benchmark VN-Index on the HCM Stock Exchange dropped 0.28 percent to close at 759.74 points. It had fallen total 1.2 percent in the previous two sessions. The HNX-Index on the Hanoi Stock Exchange declined by 1.05 percent to end at 96.93 points, posting a total three-day loss of 1.9 percent. The two local indices lost over 2 percent and 2.5 percent for the whole previous trading week. More than 219.8 million shares were traded on both local bourses, worth 3.53 trillion VND (157 million USD). The July 24 trading figures were also the lowest in the last three months. Foreign investors remained net buyers, posting a net buy value of 178.3 billion VND, an increase of 277 percent from July 21. Investor selling to gain profits in most of the penny and small-cap stocks was the major factor that pulled the market down, BIDV Securities wrote in its daily report. A part of the profits went back into bank stocks and blue chips, helping them advance, while most of the profits were kept as cash, proving that investors were taking a wait-and-see attitude, BSC added. [Vietnam's stock market…... [read more]

Hanoi, July 24 (VNA) - The Hanoi Stock Exchange (HNX) has announced that the Electricity of Vietnam (EVN) Group will auction 15 percent of its stake, equivalent to 37.5 million shares, in the EVN Finance Joint Stock Company.  The shares will be sold at starting price of 14,133 VND (61 US cents). EVN can earn a minimum of 530 billion VND through the auction.  EVN Finance currently has chartered capital of 2.5 trillion VND and owns the maximum capital among operating financial firms.  The time to register and receive deposits is from now until August 11, 2017, and time for submitting the auction participation slip is until August 16, 2017.  The public auction will take place on August 18, 2017.  Under the master plan on restructuring enterprises under EVN in the 2017-20 period, EVN will have to divest its capital in enterprises, including EVN Finance Joint Stock Company, Thu Duc Electro Mechanical Joint Stock Company, Dong Anh Electrical Equipment Corporation-Joint Stock Company and Thuan Binh Wind Power Joint Stock Company, as well as Power Engineering Consulting Joint Stock Company 3 and Power Engineering Consulting Joint Stock Company 4.  According to the financial report of EVN Finance, in the first quarter of 2017, the total assets of the company were over 19 trillion VND but total debt was more than 16 trillion VND, accounting for 80 percent. This result is a negative sign of the company’s financial imbalance.  Currently, EVN Finance’s chartered capital is divided…... [read more]

The local stock market is set to experience another week of corrections but the decrease will likely slow down with divergence based on the results of second-quarter earnings. (Photo: dautuchungkhoan.vn) Hanoi (VNA) - The local stock market is set to experience another week of corrections but the decrease will likely slow down with divergence based on the results of second-quarter earnings, analysts said. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost over 2 percent last week with four falling sessions and only one mid-week rising trade. The key index closed on July 21 at 761.86 points, down 2.7 percent from the nine-year peak of 782.665 seen on July 6. On the Hanoi Stock Exchange, the HNX-Index slumped 2.5 percent for the whole week, ending at 97.96 points on July 21. “The market seems to be exhausted and faces risks of downward corrections. However, the speed of fall last week was quite strong and fast, negatively impacting investors’ psychology,” said Nguyen Huu Binh, leading analyst at Vietnam Investment Securities Co, told tinnhanhchungkhoan.vn. But this could also be a sign that the market will soon retreat to the strong support threshold of 740-750 points, Binh said. All shares, including large-caps, medium-caps and penny stocks, performed badly last week with a majority of stocks falling across the two exchanges’ electronic boards. The shares weighing down the market most included PV Gas (GAS), Vinamilk (VNM), big banks like Vietcombank (VCB), BIDV (BID), Vietinbank…... [read more]

Over the past decade, Vietnam’s Annual Report Awards have not only championed high-quality, transparent reporting in Vietnam, but also promoted global standards on governance and sustainability.  Businesses receive recognition for outstanding financial and corporate reporting at Vietnam’s Annual Report Awards in Ho Chi Minh City, Photo: Le Toan Lasting legacy Vietnam’s Annual Report Awards (ARAs), organised by VIR, the Ho Chi Minh City Stock Exchange (HOSE), and the Hanoi Stock Exchange (HNX), with support from Dragon Capital, will celebrate their 10th anniversary this Tuesday, July 25, in Ho Chi Minh City. According to VIR’s editor-in-chief Le Trong Minh, the ARAs have had a major impact on Vietnam’s reporting standards in the past decade. In particular, the ARAs have honoured the most outstanding reports in Vietnam, as well as created added value for the practice. Besides financial results, annual reports have been encouraged to include details on risk management, investor relations, sustainability reporting, and corporate governance. Nguyen Thi Hoang Lan, deputy CEO of HNX, noted that these practices were generally non-existent in Vietnam in 2008, when the ARAs started. “No other publication can express a firm’s visions, strategy, and creativity like the annual report. Companies can use the report as a powerful communication tool to investors, and the ARAs have successfully promoted this idea in Vietnam,” said Lan.   Dragon Capital chairman Dominic Scriven, meanwhile, recalled the time when annual reports in Vietnam…... [read more]

Hanoi (VNA) – The Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) will start trading with code BHN on the HCM Stock Exchange (HOSE) on January 19, the southern bourse has announced. Habeco will list its entire 231.8 million shares, equivalent to the total listing value of nearly 2.32 trillion VND (103 million USD), at the reference price of 127,600 VND (5.65 USD) per share, the bourse said in a statement. The share price is allowed to fluctuate /-20 per cent on the first trading day. Shares of the North’s largest brewer are trading at some 128,000 VND per share on the Unlisted Public Company Market (UPCoM), which is under the management of the Hanoi Stock Exchange. HCM City’s exchange on December 30, 2016, approved the company’s filing to move its listing from the UPCoM to HOSE. By changing its listing to HOSE, which is the main bourse in Vietnam, with total market capitalisation of some 68 billion USD, Habeco is expected to improve its reputation and draw more investments. The company has become a ‘phenomenon’ on the UPCoM since its debut on October 28 last year, when its price shot from an initial 39,000 VND per share to a peak of 225,800 VND per share on December 16. Headquartered in Hanoi, it is the largest beer producer in the North and the third-largest beer company in Vietnam, with popular brands such as Hanoi Beer and Truc Bach Beer. It owns 17 subsidiaries and six affiliated companies, with total…... [read more]

Hanoi Stock Exchange on January 16, 2017 The Saigon Times Daily HNX-INDEX: 83.05 (-0.34%) Stock Price Change Volume ACB 21,800 +300 575,510 ACM 1,700 -100 590,800 ADC 15,200 - ALT 12,000 -300 1,043 ALV 2,800 - AMC 31,500 -1,100 1,100 AME 3,900 - AMV 8,300 +100 100 API 10,900 +100 48,200 APP 10,800 - APS 2,200 -100 3,410 ARM 31,200 - ASA 1,600 34,900 ATS 9,700 -500 35,500 B82 4,200 - BBS 14,300 -1,500 2,800 BCC 15,800 82,708 BDB 10,300 - BED 37,800 +3,400 100 BHT 7,200 - BII 2,100 -100 155,000 BKC 7,100 - BLF 6,800 - BPC 20,200 +400 200 BSC 30,100 - BST 12,600 - BTS 9,100 - BVS 16,300 35,300 BXH 28,200 - C92 32,500 - CAN 22,000 - CAP 39,000 2,800 CCM 14,800 - CDN 26,800 +900 500 CEO 12,900 +100 1,154,000 CJC 42,000 - CKV 13,200 - CLH 12,600 -1,100 200 CLM 16,000 - CMC 5,000 - CMI 7,200 30,600 CMS 5,500 +200 62,000 CPC 28,300 +400 100 CSC 24,500 +100 29,700 CT6 4,500 - CTA 1,700 - CTB 29,700 +2,700 530,100 CTC 6,000 - CTP 12,200 +500 133,300 CTS 6,300 -100 34,404 CTT 7,800 - CTX 17,000 6,200 CVN 2,500 -100 25,800 CVT 38,200 -500 70,400 CX8 10,000 +400 - D11 10,000 - DAD 16,400 +200 300 DAE 17,000 600 DBC 36,200 -500 34,923 DBT 15,700 -200 11,627 DC2 5,300 - DC4 7,700 - DCS 2,000 -100 3,386,100 DGC 41,100 30,000 DGL 37,000 1,000 DHP 10,100 - DHT 56,500 +100 3,115 DID 5,100…... [read more]

He pointed out challenges the domestic stock market faces in 2013 and asked securities officials and staff, investors and businesses to join hands with the government to surmount difficulties and move the market ahead. He expressed his hope that the stock market will grow and flourish in 2013, contributing to the government’s targets of stabilising the macroeconomy, containing inflation, maintaining social order, and achieving higher economic growth. In the first trading session of the new lunar year, the Hanoi Stock Exchange index (HNX-Index) increased 0.36 points to close at 66.57 points, and the Ho Chi Minh City Stock Exchange Index (VN-Index) inched up 2.67 points to close at 496.7 points. Despite local and global economic difficulties in 2012, Vietnam was among countries that had steady stock market growth in the world. Late last year, VN-Index, the figure that represents Vietnam’s stock market growth, stood at 413.73 points, up 17.7 percent against 2011. Total traded stock value hit VND765 trillion, an increase of VND226 trillion against 2011, or 26 percent of the country’s GDP. Foreign indirect investment channelled through the market also reached US$300 million, US$60 million more than in 2011.... [read more]

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