Jan 6: StoxPlus Morning Brief

Macro Economy

• PM Requests MoIT to Curb Trade Deficit Below 10%a Export Revenues In 2012
  Prime Minister Nguyen Tan Dung requested the Ministry of Indusy and Trade (MoIT) to take more effective administrative measures to curb the trade deficit below 10% of the country’s export revenues in 2012.

• Agricultural, Forestry and Seafood Sectors Post $9Bln Trade Surplus In 2011
  Vietnam’s agricultural, forestry and seafood sectors posted a trade surplus of $9.00 billion in 2011, the Ministry of Agriculture and Rural Development (MARD) said.

• Interest Rates May Fall from Q2/2012: Experts
  Financial analysts say that Vietnam is likely to adjust down interest rates several times in 2012, starting from the second quarter with a magnitude of 0.5-1% p.a. each, the local online newspaper Saigon Times reported.

• Vietnam Government Announces 7 Socioeconomic Development Measure Packages in 2012
  Vietnam Government recently issued Resolution No.01, in which it specifies seven packages of measures to accomplish the country’s socio-economic development plan in 2012.

• Interbank Trading Dong +16.8%, Dollar +27.5% in Week Ending Dec 23, 2011
  The total interbank trading value of the dong increased 7.2% to VND205.436 trillion from VND175.823 trillion in the week ending Dec 23, while that of the dollar rose 27.5% to VND109.096 trillion from VND85.560 trillion.

• Vietnam’s Prime Minister Targets 13% Growth For Exports: Minister
  Vietnam must increase the value of exports by 13 percent this year and cap the trade deficit at 12 percent, Prime Minister Nguyen Tan Dung told the Ministry of Industry and Trade at a meeting in Ha Noi yesterday.

Market News

• Investor Confidence in Stock Market takes a Sharp Dip
  The Vietnamese stock market is expected to face continued challenges in 2012 due to high inflation and instabilities in the market, including investor confidence.

• Thac Ba Hydropower Drops 4.8% On High Volatility
  Thac Ba Hydropower (TBC.VN), Vietnam’s 4th largest energy company by market capitalisation, traded between an intraday low of VND10,000.0 and a high of VND10,500.0.

• Jan 5: Foreigners Net Sell On HOSE And Net Buy on HNX
  Foreigners were back to be net sellers on the primary HOSE and extended their position of net buyers on the HNX on Thursdsay.

Corporate Events

·         AGD – Extraordinary General Meeting 06/01/2012

·         EIB – additional listing 06/01/2012

• LBM – Cash Dividend 06/01/2012

·         LCD – Cash Dividend 06/01/2012

·         TVG – Extraordinary General Meeting 06/01/2012

Corporate News

• CSG: Targets VND30Bln Pretax Profit in 2012


• HCM: Announces Treasury Share Volume Change


• GMC: Targets VND47.5Bln Pretax Profit in 2012


• MKP: to Buy 500,000 Treasury Shares


• MCG: to Buy 90% Stake of Son Ha JSC


• SGD: Buys 200,000 Treasury Shares


• SSI: Closes Quang Ninh Branch


• VPK: Targets VND18Bln Net Profit in 2012


• VOS: Buys 1.89Mln Treasury Shares