Jan 18: StoxPlus Morning Brief

18/01/2012

Macro economy

· 5% Increase in Electricity Prices May Lead to 0.369% Rise In CPI
The current 5% increase in the electricity prices will lead the consumer price index (CPI) to accelerate by 0.369%, the Minister of Finance Vuong Dinh Hue said in an online conversation this afternoon.

· Vietnam Should Relax Monetary Policies Gradually In 2012: ANZ
The State Bank of Vietnam (SBV) should gradually loosen monetary policies in 2012, ANZ Bank suggested, adding that that the main objective is to control inflation below 10% and achieve real GDP growth rate of 6-6.5%.

· Vietnam Should Only Lower Interest Rates After Tet: ANZ
Although inflation eased in the last months of 2011, it is still too early to loosen monetary policy immediately, ANZ said, emphasizing that interest rates should be kept unchanged until the end of the Tet holiday.

· Need for Support Industries
The lack of support industries continues to hamper the nation’s manufacturing sector, which still fails to produce high value-added goods or attract sufficient investment, says Industrial Strategy and Policy Research Institute director Phan Dang Tuat.

Market News

· Vietnam Stocks: Bao Viet Holdings, Thien Nam, SSI, Saigon Fuel
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.

· Jan 17: Foreigners Net Buy On Both HOSE and HNX
Foreigners were net buyers on both HOSE and HNX on Tuesday. Level of participation rose continuously.

Corporate Events

· MCF – Share Issue 18/01/2012

· NHS – Share Issue 18/01/2012

· S55 – Annual General Meeting 18/01/2012

· SPD – Cash Dividend 18/01/2012

· VCT – Annual General Meeting 18/01/2012

Corporate News

· ABT: Reports VND100Bln Net Profit in 2011, EPS at VND8,029

· APS: Suffers VND69Bln Net Loss in 2011

· CLC: Makes VND66Bln Pre-tax Profit in 2011

· CNG: Targets VND115.5Bln Net Profit in 2012

· DIG: Posts VND362Bln Pre-tax Profit in 2011