Feb 14: StoxPlus Morning Brief

Macro Economy

• Vietnam’s Retail Sector Escapes Global Gloom
  Viet Nam’s retail sector seems relatively sheltered from the global economic meltdown, with 120 supermarket outlets and shopping malls set to open this year, double the number as last year.

• Vietnam Becomes World’s Top Frontier Market
  Vietnam is the leading frontier market in the world, according to a Bloomberg Markets Magazine survey.

• Gas Traders Blame Domestic Price Hikes On The Global Market
  Gas prices in Vietnam have risen for six times since December 2011, with traders claiming that the increases are necessary.

• It’s Ideal to Restructure the Banking System Now, HSBC Vietnam CEO Says
  This is a perfect time to restructure the local banking system comprehensively, Sumit Dutta, CEO of HSBC Vietnam told the local newswire CafeF.vn.

• Lending Interest Rates Really Decline?
  Experts expressed their concerned on whether local borrowers could really get access to low-cost funds even when domestic banks announced their decisions to cut lending interest rates further.

• Vietnam SSC Suggests Central Bank to Exclude Securities Lending from Non-Production Credits
  State Securities Commission of Vietnam (SSC) proposed that the State Bank of Vietnam (SBV) should consider and exclude loans for security investments from non-production lending, the local online newspaper Dau Tu Chung Khoan reported.

Market News

• Vietnamese Stocks: Petrovietnam Fertilizer, Hoa Phat, DongThap
  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.

• Vietnam Stocks: Hanoi Post & Telecom, Petroland, PV Trans
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.

• Feb 13: Foreigners Net Buy On Both HOSE and HNX
  Foreigners extended their position of net buyers on both HOSE and HNX on Monday. Level of participation decreased.

Corporate Events

• COM – Annual General Meeting 14/02/2012

·         HOT – Annual General Meeting 14/02/2012

·         PHR – Cash Dividend 14/02/2012

·         PHR – Annual General Meeting 14/02/2012

·         QHD – Annual General Meeting 14/02/2012

Corporate News

• ANV: Consolidated Net Profit Jumps 54% to VND28Bln in Q4/2011


• BGM: 2011 Net Profit Reaches VND26Bln


• BTS: Swings to VND8Bln Net Loss in Q4/2011


• CAD: Pots Heavier Loss in Q4/2011


• HLC: Earns Higher Net Profit at VND51Bln in 2011 


• NSC: Posts VND11Bln Net Profit in Q4/2011 


• PHT: Net Profit Plunges 99% in Q4/2011 


• PGC: Reports VND9Bln Net Profit in Q4/2011, down 37% 


• PAC: Makes VND20Bln Net Profit in Q4/2011 


• SDJ: Earns VND2.7Bln Net Profit in 2011, Down 37%


• SGH: Reports VND10Bln Net Profit in 2011


• TTP: Posts 16% Net Profit Fall in Q4/2011


• TRA: Net Profit Jumps 41% to VND22Bln in Q4/2011


• VNA: Swings to VND6Bln Net Profit in Q4/2011


• VMD: Posts VND5Bln Net Profit in Q4/2011