Feb 15: StoxPlus Morning Brief

Macro Economy

• Vietnam’s February CPI Forecast at 1.5%: NDH Money
  Vietnam’s February 2012 consumer price index (CPI) is forecast to accelerate +1.5% from January 2012, analysts with the local news provider NDH Money reported.

• Vietnam to Focus on Quality, Effective FDI Projects
  Even though Vietnam has opened its trade policy and improved on its investment environment, particularly in attracting more Foreign Direct Investment, some believe that the country has still to do much towards attracting more FDI inflow.

• The Government Office Proposes MoF to Cut Gas Import Tax to 2%
  The office of the government has just sent its official document requesting the Ministry of Finance (MoF) to consider cutting the gas import tax to 2% from current 5% as per the Vietnam Gas Association (VGA) proposal.

• Vietnam Central Bank Publicizes Its Action Plan in 2012
  The State Bank of Vietnam (SBV) on February 13 issued Directive No. 01, in which it announced its action plan in 2012 through various legal documents to be issued during the year.

• Vietnam Central Bank to Govern the Exchange Rates in Line with Inflation
  The State Bank of Vietnam (SBV) on February 13 issued Directive No. 01, in which it voiced to govern the exchange rates flexibly in line with inflation.

• Vietnam Banks Must Keep Lending to Non-Prioritized Sectors at Maximum 16% of Total Loans: SBV
  The State Bank of Vietnam (SBV) on February 13 issued Directive No. 01, in which it requested credit institutions to control their proportion of lending to non-prioritized sectors to total loans at maximum 16% this year.

• Vietnam Central Bank Announces Credit Growth Limits for Banks
  The State Bank of Vietnam (SBV) on February 13 issued Directive No. 01/CT-NHNN, in which it announced credit growth limits for four different groups of credit institutions.

Market News

• Vietnam Prime Minister Asks Central Bank to Prepare Measures to Support the Stock Market
  Vietnam Prime Minister has recently directed the State Bank of Vietnam (SBV) to have measures to support the stock market, the local online newspaper Dau Tu Chung Khoan reported, citing its private source from the Ministry of Finance (MOF).

• Vietnam Issues New Rules on State Firm IPOs
  A Ministry of Finance circular providing guidelines for the initial public offering (IPO) of equitised State-run companies will go into effect on February 15.

• Brokers Expect Shallow Correction This Week
  Although the local market has begun to correct after a long winning streak, securities enterprises expect the correction phase to end soon as investor sentiment has improved and foreign demand remains strong.

• Vietnam’s Stocks: Ca Mau Trading, Phuc Tien Trade, VietinBank
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.

• Feb 14: Foreigners Net Buy On Both HOSE and HNX
  Foreigners extended their position of net buyers on both HOSE and HNX on Tuesday. Level of participation eased.

Corporate Events

·         AMC – New listing 15/02/2012

·         BTG – Cash Dividend 15/02/2012

·         BTG – Annual General Meeting 15/02/2012

• CID – Treasury Stocks 15/02/2012

·         CTC – Annual General Meeting 15/02/2012

·         EFI – Annual General Meeting 15/02/2012

·         FLC – Annual General Meeting 15/02/2012

·         GIL – Annual General Meeting 15/02/2012

·         HHS – New listing 15/02/2012

·         HSG – Annual General Meeting 15/02/2012

·         HDO – Cash Dividend 15/02/2012

·         HDO – Annual General Meeting 15/02/2012

·         HLC – Annual General Meeting 15/02/2012

·         IDJ – Annual General Meeting 15/02/2012

·         PXT – Treasury Stocks 15/02/2012

·         SMT – Annual General Meeting 15/02/2012

·         VCC – Annual General Meeting 15/02/2012

Corporate News

• AGD: Net Profit Jumps 77% to VND30Bln in Q4/2011 


• AVF: Posts VND85Bln Net Profit in 2011, up 5% 


• DNY: 2011 Net Profit Falls 43% to VND51Bln 


• DCL: Swings to VND13.5Bln Net Profit in Q4/2011


• FMC: Posts VND18Bln Net Profit in Q4/2011


• HSG: Estimates VND108Bln Net Profit in Oct-Jan


• HTI: Reports VND11Bln Net Profit in Q4/2011


• HAX: Swings to VND1Bln Net Loss in Q4/2011


• LCM: Earns VND2Bln Net Profit in Q4/2011


• MKP: Makes VND14Bln Net Profit in Q4/2011


• MSN: 2011 Net Profit Reaches VND3.3Tln, up 79% 


• PTC: Earns VND6Bln Net Profit in Q4/2011


• SCD: Net Profit Falls 30% to VND8Bln in Q4/2011


• SBC: Swings to VND3Bln Net Loss in Q4/2011


• SBA: Reports VND25Bln Net Profit in Q4/2011


• SSC: Posts Stable Profit at VND10Bln in Q4/2011 


• SAM: Swings to VND74Bln Net Loss in Q4/2011 


• TTF: Net Profit Soars 395% to VND34Bln in Q4/2011