Feb 9: StoxPlus Morning Brief

Macro Economy

• Vietnam’s Retail Market Falls From 1st To 23rd Position, A.T. Kearney’s Report
  A.T.Kearney’s said in its latest report on the global retail development that Vietnam last year stayed at the 23rd position in the ranking list.

• Lending Interest Rates Show Signs of Declining
  According to the majority of local banks, in 2012, lending interest rates in the dong tend to ease from last year, the Saigon Times Online reported.

• Dollar Exchange Rates to Rise in 2012: 6 Reasons
  It is forecasted that the dollar exchange rates in the local market will continue its upward trend in 2012, the local online newspaper Dau Tu (“Investment News”) reported, giving out six reasons for the increase.

• Vietnam Central Bank Requests Credit Institutions to Report Interbank Activities
  The State Bank of Vietnam (SBV) issued Document No. 539/NHNN-DBTKTT on Feb 6, 2012, asking credit institutions and branches of foreign banks to report their activities in the interbank market.

• Lending Interest Rates Can Decline to 16-17% p.a. in 2012: HSBC CEO
  The dong lending interest rates may fall to 16-17% per annum this year, Sumit Dutta, CEO of HSBC Vietnam told the Saigon Times Online on Feb 7.

Market News

• Vietnam to Boost State-owned Enterprise IPO
  State-owned enterprises must go IPO within 3 months since their equitization proposals have been approved.

• HOSE Confirms Afternoon Trading Session From Feb 20, 2012: Market Insider
  The Hochiminh City Stock Exchange (HOSE) has confirmed that afternoon trading session and changes in trading time will take place from February 20, 2012 after getting approval from the State Securities Commission, broker HSC said in its daily report.

• Prusik’s Manners Buys into Vietnam at ’Asian Crisis-Style Valuations’
  Prusik IM founder Heather Manners has bought into Vietnam for the first time in her funds’ history in the view stocks are trading on Asian crisis-level valuations and could double from here.

• Feb 8: Foreigners Continues Net Buying On Both HOSE and HNX
  Foreigners extended their position of net buyers on both HOSE and HNX on Wednesday. Level of participation soared.

Corporate Events

·         DTC – Share Issue 09/02/2012

Corporate News

• CID: Makes VND522Mln Net Profit in 2011


• CTN: 2011 Net Profit Plunges 84% to VND2.3Bln


• DDM: Posts Narrower Loss in Q4/2011


• ELC: Net Profit Falls 30% to VND76Bln in Q4/2011


• HLG: Posts VND3Bln Net Profit in Q4/2011 


• HTC: Reports VND25Bln Consolidated Net Profit in 2011


• HGM: Net Profit Surges 159% to VND149Bln in 2011 


• KTS: 2011 Net Profit Doubles to VND67Bln 


• PV2: Makes VND32Bln Net Profit in 2011


• TDC: Net Profit Jumps 139% to VND90Bln in Q4/2011 


• TS4: Net Profit Jumps 311% to VND25Bln in Q4/2011


• VIE: Swings to VND2Bln Net Loss in 2011


• VHH: Swings to VND1.6Bln Net Loss in 2011


• VGP: Makes VND23Bln Net Profit in 2011


• VSC: Consolidated Net Profit Falls 23% to VND40Bln in Q4/2011