Dec 22: StoxPlus Morning Brief

Macro Economy

• Ho Chi Minh December CPI Climbs to 0.73%
  Consumer Price Index (CPI) in Ho Chi Minh city is estimated to have increased 0.73% in December from November, driven by the higher prices of foods and foodstuffs, the city’s General Statistics Office (GSO) said.

• Ho Chi Minh GDP Growth Reaches 10,3% in 2011
  Ho Chi Minh City ‘s Gross Domestic Product ( GDP) growth is estimated to have increased 10.3% in 2011, the city’s General Statistics Office (GSO) said.

• HCMC Incurs $656 Mln Trade Deficit In 2011
  Ho Chi Minh City (HCMC) is estimated to run a trade deficit of $655.9 million in 2011, the Statistics Office in HCMC said.

• Hanoi Export Turnover Likely to Rise 27.1% In 2011
  Vietnam Capital’s export revenue is likely to rise 27.1% in 2011, including 7.7% on month rise in December, according to the Statistics Office in Hanoi.

• Tax Incentives Not the Only Thing To Attract FDI
  Local authorities have been rushing to attract foreign direct investment FDI by offering high investment incentives to investors.

• Ministry Issues New Preferential Tariffs
  The Ministry of Finance introduced 336 new preferential tariffs at a conference here on Monday that included representatives of about 400 enterprises.

• Vietnam Banks Must Have VND100 trillion Total Assets to Be Founder of New Bank
  The State Bank of Vietnam (SBV) on Dec 16 issued Circular No. 40/2011/TT-NHNN, stipulating that commercial banks seeking to become founding shareholder of a new bank must have total assets of VND100 trillion, instead of VND50 trillion now.

• Vietnam Bonds Climb Most Since August as Central Bank Adds Funds
  Vietnam’s five-year bonds gained the most since August after the central bank added cash to the financial system, increasing the amount of funds available for lenders to invest in debt. The dong was little changed.

Market News

• Vietnam’s Sacombank May Sell Up to 15% Stake to Credit Suisse
  Saigon Thuong Tin Commercial Joint- Stock Bank, known as Sacombank, may sell as much as a 15 percent stake to Credit Suisse Group AG (CSGN), Tran Xuan Huy, the Vietnamese lender’s chief executive said by phone today.

• Vietnam’s Stocks: Binh Duong Trade, Petrolimex Gas, VietinBank
  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.

• Dec 20: Foreigners Net Sell On HOSE, Net Buy on HNX
  Foreigners were back to be net sellers on the HOSE but they continued to be net buyers on the HNX today. Level of participation soared.

Corporate Events

·         CNG – Cash Dividend 22/12/2011

·         EID – Cash Dividend 22/12/2011

·         MKV – additional listing 22/12/2011

·         PGS – Cash Dividend 22/12/2011

·         PTS – Cash Dividend 22/12/2011

·         PVD – Treasury Stocks 22/12/2011

• SED – Cash Dividend 22/12/2011

·         TIX – Treasury Stocks 22/12/2011

·         VGP – Treasury Stocks 22/12/2011

·         VTB – Cash Dividend 22/12/2011

Corporate News

• CSG: SACOM to Sell all 9.26Mln Shares


• BHV: Lowers 2011 Business Targets


• DPM: to Buy 500,000 Treasury Shares


• HQC: Delays VND200Bln Convertible Bond Issuance


• PVR: Estimates VND62.3Bln Pretax Profit in 2011, Up 90% On-year


• PGI: Buys 1.5Mln Treasury Shares


• OGC: Ha Bao Private Co. to Buy 10Mln Shares


• OGC: VNT Co. to Sell 5Mln Shares


• SCR: to Contribute Capital in Subsidiary


• VTS: Targets over VND12Bln Pretax Profit in 2012