Apr 24: StoxPlus Morning Brief

Macro Economy

• Vietnam’s April CPI Slows Down to +0.05%: GSO
  Vietnam consumer price index (CPI) in April is estimated to have increased by 0.05% from March mostly thanks to a fall in prices of food and food stuff, the General Statistics Office said on its website on April 23th.

• Vietnam Runs $400Mln Trade Deficit in April 2012
  Vietnam is estimated to have run $400 million trade deficit in April 2012, the local news provider Gafin.vn report, citing figures from General Statistics Office (GSO).

• Ho Chi Minh Likely to Run $42.5Mln Trade Surplus in April 2012
  Ho Chi Minh city is estimated to have run $42.5 million trade surplus in April 2012, the municipal General Statistics Office (GSO) said.

• Ho Chi Minh’s April CPI Slows Down to +0.08%: GSO
  Ho Chi Minh City’s consumer price index (CPI) in April 2012 is estimated to have increased by 0.08% from March, extending the city’s CPI to rise by 2.43% from December 2011 and 13.99% on year, the municipal General Statistics Office (GSO) said.

• Vietnam’s Forex Reserves Estimated At $19-20Bln
  The foreign exchange reserves of Vietnam have improved significantly, equivalent to the payments for 9 weeks of imports from about 7.5 weeks as of mid-2011, said the government in a recent report.

• Overseas Vietnamese Shun Stocks
  Overseas remittances have increased steadily year by year, and while a large proportion of remittances end up being invested in real estate, just a tiny proportion has been put into the nation’s stock market.

• HCMC: April Credit Growth +2.5%; Total Deposits +14.6% Y-o-Y
  Total outstanding loans in Ho Chi Minh City, as at the end of April, 2012, were estimated at VND760 trillion, up 0.9% on month and rising 2.5% on year, the municipal General Statistics Office’s data showed.

Market News

• Vietnam Stock Market Regulator Puts 6 Securities Companies under Special Watch
  The State Securities Commission (SSC), the stock market watchdog, has announced to put 6 securities companies under special watch because their Capital Adequacy to total risks fell under 120% from today April 23.

• Vietnam Stocks: Dong Do, Hung Vuong, Seaprodex, Vitranschart
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

Corporate Events

·         BTT – Cash Dividend 24/04/2012

·         HAG – Share Issue 24/04/2012

·         SDB – Annual General Meeting 24/04/2012

·         UDJ – Annual General Meeting 24/04/2012

·         CLC – Cash Dividend 24/04/2012

·         DCT – Annual General Meeting 24/04/2012

·         ANV – Cash Dividend 24/04/2012

·         DTT – Annual General Meeting 24/04/2012

·         LM3 – Annual General Meeting 24/04/2012

·         BMI – Annual General Meeting 24/04/2012

·         HTI – Annual General Meeting 24/04/2012

·         HST – Cash Dividend 24/04/2012

·         DAG – Annual General Meeting 24/04/2012

·         VBH – Annual General Meeting 24/04/2012

·         KKC – Annual General Meeting 24/04/2012

·         TBT – Cash Dividend 24/04/2012

·         TBT – Annual General Meeting 24/04/2012

·         ANV – Annual General Meeting 24/04/2012

·         TJC – Annual General Meeting 24/04/2012

·         SEL – Annual General Meeting 24/04/2012

·         S91 – Annual General Meeting 24/04/2012

·         CTV – Annual General Meeting 24/04/2012

·         GIL – Treasury Stocks 24/04/2012

·         PVC – Annual General Meeting 24/04/2012

·         MIH – Annual General Meeting 24/04/2012

• LHG – Annual General Meeting 24/04/2012

Corporate News

• BCE: Plans VND66Bln Net Profit in 2012


• HSG: Sets up Tay Ninh Branch


• CSG: Plans VND30Bln Pre-tax Profit in 2012


• SJD: Plans VND106Bln Pre-tax Profit in 2012


• NLC: Q1/2012 Net Profit Falls 20% to VND2.7Bln


• SSI: Targets VND480Bln Pre-tax Profit in 2012


• MCF: Q1/2012 Net Profit Rises 50% to VND7.8Bln


• MTG: Swings VND485Mln Net Loss in Q1/2012


• CMV: Aims VND30Bln Net Profit in 2012


• LIX: Net Profit Falls 37% to VND11Bln in Q1/2012


• PTL: Targets VND66Bln Net Profit in 2012


• CSM: Q1/2012 Sees 413% Net Profit Surge to VND 39Bln


• DDM: Plans VND31.2Bln Loss in 2012


• DRC: Aims VND52Bln Net Profit in Q2/2012


• MHC: Posts VND1.2Bln Net Profit in Q1/2012


• IJC: Targets VND363Bln Net Profit in 2012, up 14%


• LCD: Reports VND684Mln Net Profit in Q1/2012


• CTB: Makes VND2Bln Net Profit in Q1/2012


• DBC: Consolidated Net Profit Jumps 16.5-fold to VND204Bln in Q1/2012


• VFC: Aims VND8Bln Pre-tax Profit in 2012


• HVG: Targets VND550Bln Pre-tax Profit in 2012


• RIC: Targets VND42Bln Profit in 2012


• TYA: Swings to VND13Bln Net Profit in Q1/2012


• KDH: to Increase Charter Capital to VND483Bln in 2012