Mar 7: StoxPlus Morning Brief

Macro Economy

• Business Acquisition on Rise in Economic Gloom
  Listed firms are on the hot seat after more merger and acquisition (M&A) deals have taken place amidst this year’s turbulent economy.

• Vietnam to Call for Foreign Investments Into Garment and Textile Sector
  The Ministry of Industry and Trade (MoIT) suggested to call for foreign investments into the Garment and Textile industry to boost production and export amid the market demand decrease, the news provider Gafin.vn reported.

• Banks Lower Deposit Rates to Below Rate Caps
  Some banks have recently announced their policy to lower deposit interest rates amid easing CPI rise and more deposits, the local online newspaper Tri Thuc Tre (TTVN) reported.

• Vietnam Banks Cautiously Set Profit Targets on Low Credit Growth Limits
  Vietnam banks are cautious in setting their profit targets this year on lower credit growth rates granted by the State Bank of Vietnam (SBV), the local online newspaper Dau Tu (“Investment News”) reported.

• Rate Cuts Pledged to Prop up Stock Market
  Local finance authorities have pledged to take drastic measures, including interest rate cuts, to revitalize the stock market after a long period of hibernation.

• Vietnam to Buy Bad Debt From Banks to Ease Risk of Collapse
  Vietnam will buy bad debt from lenders under a plan approved by Prime Minister Nguyen Tan Dung this month, as the Southeast Asian nation seeks to prevent a collapse in the banking system.

• Vietnam Q1 Rice Exports May Fall 44.4pc y/y
  Rice exports from Vietnam, the world’s second-largest exporter of the grain after Thailand, could fall 44.4 percent in the three months ending March from a year earlier to 1 million tonnes, a government report said on Monday.

Market News

• Bank Stocks Likely to Move Higher: Brokers
  Securities enterprises expected the local market would continue rallying this year with bank stocks maintaining last week’s growth momentum and FTSE index series review coming out last Friday.

• March 6: Foreigners Net Buy On Both HOSE and HNX
  Foreigners changed to be net buyers on both HOSE and HNX on Tuesday. Level of participation decreased.

Corporate Events

·         MTP – Treasury Stocks 07/03/2012

·         VCF – Annual General Meeting 07/03/2012

·         SZL – Annual General Meeting 07/03/2012

·         DMC – Annual General Meeting 07/03/2012

·         TTF – additional listing 07/03/2012

·         QNC – Cash Dividend 07/03/2012

·         QNC – Annual General Meeting 07/03/2012

·         LUT – Annual General Meeting 07/03/2012

·         SEB – Annual General Meeting 07/03/2012

·         POM – Cash Dividend 07/03/2012

·         POM – Annual General Meeting 07/03/2012

·         NHS – Annual General Meeting 07/03/2012

·         HBB – Annual General Meeting 07/03/2012

·         MHC – Annual General Meeting 07/03/2012

·         HU1 – Annual General Meeting 07/03/2012

·         SHB – Annual General Meeting 07/03/2012

·         VHG – Annual General Meeting 07/03/2012

·         PHR – Annual General Meeting 07/03/2012

·         SVC – Annual General Meeting 07/03/2012

·         CHP – Annual General Meeting 07/03/2012

·         DNS – Annual General Meeting 07/03/2012

·         PSB – Annual General Meeting 07/03/2012

·         GER – Annual General Meeting 07/03/2012

·         SHV – Annual General Meeting 07/03/2012

·         VE9 – Annual General Meeting 07/03/2012

·         DLV – Annual General Meeting 07/03/2012

·         GLT – Annual General Meeting 07/03/2012

·         SD3 – Annual General Meeting 07/03/2012

·         NVC – Annual General Meeting 07/03/2012

• SVC – Annual General Meeting 07/03/2012

Corporate News

• CTG: Adds Content into 2012 AGM Resolution


• DQC: to Transfer all 51% Stake in Dien Quang Engineering JSC.


• HOT: Targets VND29Bln Net Profit in 2012


• LM8: BOD Approves 2012 Business Targets


• PSP: Issues 10.5Mln New Shares


• SHN: Swings to VND68Bln Consolidated Net Loss in 2011


• SVS: Suffers Heavier Audited Net Loss at VND38Bln