Feb 8: StoxPlus Morning Brief

Macro Economy

• PM Calls For Securing Single Digit Inflation
  Keeping inflation at a single digit is one of the urgent tasks to help the country maintain a reasonable growth of around 6 per cent for the whole year.

• 2012: Another Tough Year for Vietnam Banks
  Rising bad debts, liquidity shortage and banking system restructuring process in its preliminary step will pose challenges for domestic banks in 2012, the local online newspaper VnExpress.net reported.

• Domestic Petroleum Prices May Be Risen: MoIT
  Domestic petroleum prices will be raised if the world gas and oil prices continue rising, Nguyen Nam Hai, Minister of Industry and Trade (MoIT) said.

• Electricity Price May Be Adjusted Based On Raw Material Prices In 2012: MoIT
  Electricity price will be increased if coal price for electricity to be equal with the market price in 2012, the Ministry of Industry and Trade (MoIT) said in its press conference held on Feb 6, 2012 in Hanoi.

• Vietnam’s Bonds Advance on Speculation Banks Have Surplus Cash
  Vietnam’s bonds rose, pushing yields to the lowest level in nearly four months, on speculation lenders have surplus cash to purchase government securities. The dong gained.

Market News

• Single Country ETFs: A Look At The Market Vectors Vietnam ETF
  For tSTC of you in my generation, the thought of Vietnam brings up visuals of military carnage as seen on the nightly news of the 1960’s. This is what Vietnam looks like today.

• Profit Taking Seen Building up This Week
  The local market is expected to see profit-taking pressure continue rising after the VN-Index strongly recovered last week as more investors may be tempted to pocket recent gains.

• Vietnam Stocks: Comeco, Sacombank Securities, Thien Nam Trading
  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.

• Analysts Savor Seafood Shares
  A lot of securities analysts have recently given a vote of confidence to shares of seafood processors.

• New Index Whets Investor Appetites
  Signs that there might soon be a break in high interest rates and expectations on the HCM City Stock Exchange about the new VN-30 Index which debuted today helped lift stocks on both of the nation’s stock exchanges.

• Feb 7: Foreigners Continues Net Buying On Both HOSE and HNX
  Foreigners extended their position of net buyers on both HOSE and HNX on Tuesday. Level of participation increased.

Corporate Events

·         ACL – Cash Dividend 08/02/2012

·         CPC – Cash Dividend 08/02/2012

·         CPC – Annual General Meeting 08/02/2012

·         IDV – Cash Dividend 08/02/2012

·         IDV – Annual General Meeting 08/02/2012

·         LGC – Annual General Meeting 08/02/2012

• PAC – Treasury Stocks 08/02/2012

·         SAM – Annual General Meeting 08/02/2012

·         SHN – Record date for ballot 08/02/2012

·         THG – Record date for ballot 08/02/2012

Corporate News

• CTS: Net Profit Jumps 196% to VND64Bln in 2011 


• FDC: Net Profit Rises 15% to VND14Bln in Q4/2011


• GMC: Net Profit Falls 34% to VND9Bln in Q4/2011


• HTV: Makes VND5Bln Net Profit in Q4/2011, up 22%


• HDC: Q4/2011 Net Profit Falls 9% to VND25Bln


• HU1: Posts VND16Bln Net Profit in Q4/2011, up 139%


• HLG: Posts VND3Bln Net Profit in Q4/2011


• KSH: Swings to VND11Bln Net Loss in Q4/2011


• LHG: Net Profit Plunges 64% to VND44Bln in Q4/2011


• LGL: Net Profit Falls 26% to VND4Bln in Q4/2011


• L10: Net Profit Reaches VND2Bln in Q4/2011


• MBB: Posts VND2.1Tln Net Profit in 2011 


• SBS: Swings to VND352Bln Net Loss in Q4/2011 


• VIC: 2011 Net Profit Plunges 71% to VND669Bln 


• VCH: Swings to VND55Bln Net Loss in 2011 


• VNE: Net Profit Soars 16-Fold to VND56Bln in Q4/2011 


• VSI: Net Profit Increases 3 Times in Q4/2011