Apr 25: StoxPlus Morning Brief

Macro Economy

• Gov’t Okays Financial Strategy until 2020
  The strategy pays attention to developing the stock market in a sustainable way.

• Ho Chi Minh Attracts $14.4Bln FDI
  Ho Chi Minh city is estimated to have attracted a total of $14.39 billion foreign direct investment (FDI) so far, meeting 40% of the initial registered figures, Lu Thanh Phong, deputy director of municipal department of planning and investment said.

• Hanoi Retail Sales and Services Revenues Rise to VND454.7Tln in 4M/2012
  The value of retail sales and services of Hanoi capital is estimated to reach VND454.65 trillion ($21.78 billion) in the first four months of this year, up 19.3% from the same period of 2011, the municipal Statistics Office said.

• Comprehensive Measures Are Required
  As soon as this year’s inflation begins to decline, the Vietnamese economy seems to have entered an unpredictable trajectory as its growth and other economic indicators turn sour.

• Retail Revenue To Lift 23% in 3 Years
  Viet Nam’s total retail revenue would increase by 23 per cent per year between now and 2014, according to a report by AT Kearney. This meant the Vietnamese retail market would offer many opportunities for both domestic and foreign retail businesses.

• Deputy Governor Says It’s Impractical to Cap Lending Rates
  It is impractical to place a lending rate ceiling for all lenders as banks have different risk appetites while risk levels of each customer group and sector also vary, said Nguyen Dong Tien, Deputy Governor of the State Bank of Vietnam (SBV).

• Vietnam Banking System Restructuring May Cost 5% GDP, Says IMF
  The International Monetary Fund (IMF) estimated that Vietnam may need to spend 5% of its gross domestic product (GDP) or about $5-6 billion to restructure the domestic banking sector, the local newswire TTVN.vn reported.

• Vietnam May Cut 2012 Growth Target, Government Advisers Say
  Vietnam may be forced to cut its 2012 growth target to as low as 5 percent from 6 percent after the economy expanded at the slowest pace since 2009 in the first quarter, two government advisers said.

Market News

• Stock Market Sees Short-Term Rebound
  The stock market is showing signs of a rebound as liquidity and share appear to be on a quick rising.

• STOCKS NEWS VIETNAM-Vietnam Stocks Still Cheap After Surge – Dragon
  Vietnam stocks remain cheap despite a 32 percent rise in the main index this year.

• Vietnam Lures Stock Investors With Benchmark Index Up 34% This Year
  Vietnam-focused stock funds became the only emerging market equity assets in Asia to lure investors every week this year as the nation’s benchmark index rose to an 11-month high, Emerging Portfolio Fund Research said.

• Profit Taking Seen Extending This Week: Securities Companies
  Securities enterprises predicted profit takers would continue to step into the playground as the sentiment turned cautious and the market impact of good inflation numbers appeared to be lessening last week.

• Vietnam Equity Movers: Seaprodex, Hung Vuong, Taya, Vitranschart
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11:30 a.m. break in Ho Chi Minh City.

• Vietnam Stocks: Dong Phu Rubber, FPT, National Seed, Phuc Tien
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City.

• April 24: Foreigners Net Sell on Both HOSE and HNX
  Foreigners were net sellers on both HOSE and HNX on Tuesday. Level of participation increased.           

Corporate Events

·         PVE – Annual General Meeting 25/04/2012

·         PGI – Annual General Meeting 25/04/2012

·         SAF – Cash Dividend 25/04/2012

·         ALV – Annual General Meeting 25/04/2012

·         TMX – Annual General Meeting 25/04/2012

·         SD1 – Annual General Meeting 25/04/2012

·         SDN – Annual General Meeting 25/04/2012

·         GTH – Annual General Meeting 25/04/2012

·         SHC – Annual General Meeting 25/04/2012

·         TET – Cash Dividend 25/04/2012

·         TDS – Cash Dividend 25/04/2012

·         SD4 – Annual General Meeting 25/04/2012

·         LCM – Annual General Meeting 25/04/2012

·         PTH – Cash Dividend 25/04/2012

·         V12 – Cash Dividend 25/04/2012

·         MTG – Annual General Meeting 25/04/2012

·         VNC – Cash Dividend 25/04/2012

·         APC – Annual General Meeting 25/04/2012

·         PV2 – Annual General Meeting 25/04/2012

·         IMP – Cash Dividend 25/04/2012

·         SVN – Annual General Meeting 25/04/2012

·         AAM – Cash Dividend 25/04/2012

·         CVN – Annual General Meeting 25/04/2012

·         SCR – Annual General Meeting 25/04/2012

·         MEF – Cash Dividend 25/04/2012

·         SDH – Annual General Meeting 25/04/2012

·         VIC – Annual General Meeting 25/04/2012

·         HBC – Annual General Meeting 25/04/2012

·         VCT – Cash Dividend 25/04/2012

·         VSP – Annual General Meeting 25/04/2012

·         STL – Annual General Meeting 25/04/2012

·         BWA – Cash Dividend 25/04/2012

·         BMJ – Annual General Meeting 25/04/2012

·         MCC – Cash Dividend 25/04/2012

·         BWA – Annual General Meeting 25/04/2012

·         SDV – Annual General Meeting 25/04/2012

·         ABT – Cash Dividend 25/04/2012

·         VIX – Cash Dividend 25/04/2012

·         HSG – Treasury Stocks 25/04/2012

·         KLS – Annual General Meeting 25/04/2012

·         PPS – Annual General Meeting 25/04/2012

·         UIC – Annual General Meeting 25/04/2012

·         CNT – Annual General Meeting 25/04/2012

·         PXS – Cash Dividend 25/04/2012

• CMV – additional listing 25/04/2012

Corporate News

• DTA: Targets VND17Bln Net Profit in 2012


• LBM: Targets VND20Bln Pre-tax Profit in 2012


• ITD: Targets VND38Bln Net Profit in 2012


• SVT: Net Profit Plunges 98% to VND20Mln in Q1/2012


• HU1: Sees 60% Net Profit Increase in Q1/2012


• SAM: Swings to VND45Bln Net Profit in Q1/2012


• BIC: Net Profit Rises 15% to VND23Bln in Q1/2012


• ST8: Net Profit Jumps 55% to VND7Bln in Q1/2012


• SDP: Q1/2012 Net Profit Jumps 399% to VND3.9Bln


• NGC: Q1/2012 Net Profit Tumbles 75% to VND135Mln


• QTC: Earns VND52Mln Net Profit in Q1/2012 


• DAE: Makes VND355Mln Net Profit in Q1/2012 


• CID: Reports VND2Mln Net Profit in Q1/2012 


• SVI: Net Profit Increases 41% to VND16Bln in Q1/2012


• GSP: Consolidated Net Profit Rises 10% to VND13Bln in Q1/2012


• TET: Net Profit Reaches VND2.7Bln in Q1/2012


• SHB: Net Profit Rises 48% to VND225Bln in Q1/2012


• VIP: Targets VND149Bln Net Profit in 2012