Category | Financial Market

Templeton’s Mobius sees bargains in Vietnam, Romania

Posted on 03 September 2010

VNStockNews.com – Templeton Asset Management’s Mark Mobius said on Friday he sees big bargain-hunting opportunities in Vietnam and Romania due to good growth prospects, with a large potential in their equity markets. Mobius, a prominent emerging markets fund manager who oversees about $40 billion in assets, said he does not see an asset bubble appearing in Asian shares, but investors should

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SMC posts 8bln dong profit in Aug

Posted on 02 September 2010

VNStockNews.com – SMC Investment and Trading Joint Stock Co. estimated gaining eight billion dong profit in August, an increase over last month, said Nguyen Ngoc Anh, chair of management board and general director. The firm announced gained 55 billion dong after tax profit in first seven months, meeting 68.75 percent of the year plan.

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Vincom plans to sell apartments of projects next time

Posted on 02 September 2010

VNStockNews.com – Vincom Joint Stock Co. is planning to put into operation some projects such as Vincom Financial Tower, Royal City and Vincom Eco City in the last half of this year.

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KBT profit soars 90pct in H1 y-o-y

Posted on 02 September 2010

VNStockNews.com – Kien Giang Brick Tuynel Joint Stock Company (KBT) released H1 profit with an increase of 90 percent year-on-year. In first six months, the firm gained 3.83 billion dong after tax profit, up 90.45 percent against 2.01 billion dong of the same period last year. According to the firm, H1 result sharply increased over last year’s same period thank to production line’s reformation

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Hoang Anh Gia Lai Group reports audited H1 profit of 906b dong

Posted on 02 September 2010

VNStockNews.com – Hoang Anh Gia Lai Group Joint Stock Co (coded HAG) has released the company’s audited financial reports with profit after tax of 906 billion dong, increasing by 69 percent year-on-year and EPS of 3,292 dong. The company’s net revenue was reported increasing by 22 percent year-on-year to 2.507 trillion dong, and gross profit up 35 percent to 1.291 trillion dong

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Bao Viet Group gains H1 profit of 534bln dong

Posted on 02 September 2010

VNStockNews.com – Bao Viet Group Joint Stock Co (coded BVH) announced to gain combined after tax profit in the first six months of 2010 of 533.68 billion dong, fulfilling 63 percent of the year plan, and EPS of 859 dong. The group has lately released the H1 financial reports with total insurance premium of over 3.892 trillion dong, increasing by 10 percent year-on-year, net revenue of 3.13

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Finance, property shares dominate market

Posted on 01 September 2010

VNStockNews.com – On the two national stock exchanges, the twenty largest shares by value, and those which greatly influence domestic stock indices, are mostly financial and real estate shares. The VN-Index and HNX-Index are calculated based on market value of all listed stocks, so changes in the leading shares by value – market price multiplied by the number of listed shares – most affect the

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Indices, volumes perk up ahead of holidays

Posted on 01 September 2010

VNStockNews.com – A steady performance overnight by the Dow Jones strengthened domestic investor confidence in local stock exchanges, helping lift the VN-Index for a third day to a close of 458.75 points, an increase of 0.81 per cent.

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VN-Index climbs for five straight days

Posted on 01 September 2010

VNStockNews.com – Vietnam’s benchmark VN-Index extended its winning streak to the fifth consecutive day on September 1 due to investors’ upbeat sentiment. The shares of 253 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange advanced 0.81 percent, or 3.67 points, to 458.75 points. Trading volume on the city bourse was at 47.05 million shares, worth VND1.22 trillion.

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Hoang Anh Gia Lai Group issues convertible bonds

Posted on 01 September 2010

VNStockNews.com – Hoang Anh Gia Lai Group (HAGL) officially issued convertible bonds worth US$57.6 million to Northbrooks Investments (Mauritius) Pte Ltd, an affiliate of Singapore investment company Temasek Holdings in Ha Noi yesterday, August 31. Temasek will acquire 1,100 convertible bonds worth VND67,375 (US$3.45) each at an interest equivalent to the average rate for ACB, Sacombank,

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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making