Feb 27: StoxPlus Morning Brief

Macro Economy

• Vietnam February CPI Accelerates 1.37%: GSO
  Vietnam consumer price index (CPI) in February is estimated to have accelerated by 1.37% from January, the General Statistics Office said on its website on February 24.

• Ho Chi Minh City Runs $10Mln Trade Surplus In Feb 2012
  Ho Chi Minh City is estimated to have made a trade surplus of $10 million in February 2012, resulting the city’s trade suprlus of $60 million in the first 2 months of this year, the local news provider Gafin reported.

• Budget Spending to Be Cut to Support Ailing Monetary Policies
  If deficit budget spending persists while tightened monetary policies continue to be deployed this year, the economy may stall, said an expert.

• Vietnam Advances in Curbing Asia’s Fastest Inflation: Economy
  Vietnam is making headway against Asia’s fastest inflation as prices rise the least in 11 months, an easing that may boost confidence in its economic policy making as the nation struggles to spur foreign investment.

• Vietnam: Cut Rates, But Gently
  Inflation in Vietnam fell for a sixth consecutive month in February to an 11-month low, figures released on Friday showed.

• Lending Rates Down As Economy Shows Sign Of Improving
  Commercial banks have begun to cut lending interest rates amid signs of improvement in the economy.

Market News

• CIVETS Watch: For Investors, 2012 Is Vietnam’s Comeback Year
  Foreign investors fled as inflation roared, but it looks like 2012 is making Vietnam a favored emerging nation again.

• Vietnam’s Stocks: Kinh Do Corp, Pacific Property, Sacombank
  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 24: Foreigners Net Buy On HOSE, Net Sell on HNX
  Foreigners extended their position of net buyers on the primary bourse HOSE and changed to be net sellers on HNX on Friday. Level of participation increased.

Corporate Events

·         DDM – Annual General Meeting 27/02/2012

·         DQC – Cash Dividend 27/02/2012

·         DQC – Annual General Meeting 27/02/2012

·         HSI – Cash Dividend 27/02/2012

·         HSI – Annual General Meeting 27/02/2012

·         IMP – Annual General Meeting 27/02/2012

·         MCF – Cash Dividend 27/02/2012

• MCF – Annual General Meeting 27/02/2012

·         PTB – additional listing 27/02/2012

·         SVI – Listing Suspension 27/02/2012

·         SDY – Annual General Meeting 27/02/2012

·         VC7 – Treasury Stocks 27/02/2012

·         VE1 – Annual General Meeting 27/02/2012

·         VTI – Annual General Meeting 27/02/2012

Corporate News

• HAG: Consolidated Net Profit Falls 75% to VND266Bln in Q4/2011


• POM: Posts VND408.7Bln Net Profit in 2011, Meeting 66% Full-year Plan


• DXP: 2011 Audited Net Profit Falls 33% to VND49Bln


• PVS: 2011 Consolidated Net Profit Rises 32.6% to VND1.3Tln


• PVX: Q4/2011 Consolidated Net Profit Rises 35% to VND144Bln


• PVR: Buys 450,000 Treasury Shares


• SBS: Explains VND353Bln Consolidated Net Loss in Q4/2011


• TV4: to Buy back 1,210 Shares


• VCS: 2011 Consolidated Net Profit Rises 8% to VND123Bln


• VSC: Targets VND142.5Bln Net profit in 2012