May 14: StoxPlus Morning Brief

Macro Economy

• Vietnam’s May CPI to Rise 0.3%: BVSC
  Bao Viet Securities Companies (BVSC) forecast Vietnam’s consumer price index (CPI) in May to accelerate to 0.3% at most, the local news provider Gafin reported.

• Vietnam’s May CPI to Ease By 0.24% Due to Petroleum Price Fall
  Vietnam’s May CPI is predicted to ease by 0.24% due to fall in petroleum prices which were adjusted down from May 9th, 2012, Nguyen Tien Thoa, the director general of Price Management Agency under the Ministry of Finance said.

• TEXT-Fitch Affirms Vietnam at ’B+’; Outlook Stable
  Fitch Ratings has affirmed Vietnam’s Foreign- and Local-Currency Issuer Default Ratings at ‘B+’. The Outlook for both Ratings is Stable. The Country Ceiling is also affirmed at ‘B+’, and the Short-Term Foreign Currency IDR at ‘B’.

• 63% Vietnam Firms Cannot Access Bank Credits – Survey
  63% local businesses in a recent survey conducted by the National Finance Supervision Committee (NFSC) said that they could hardly access bank loans in the first quarter of this year, the local online newspaper Tri Thuc Tre (TTVN) reported.

Market News

• Vietnam Stocks: PetroVietnam Drilling, Sieu Thanh, Tu Liem Urban
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City.

• May 11: Foreigners Net Buy on HOSE, Net Sell on HNX
  Foreigners changed to net buyers on HOSE but continued to be net sellers on HNX on Friday. Level of participation almost unchanged from yesterday.

Corporate Events

·         PVT – Annual General Meeting 14/05/2012

·         DRC – Share Issue 14/05/2012

·         DDN – Cash Dividend 14/05/2012

·         LDP – Annual General Meeting 14/05/2012

·         VBH – Annual General Meeting 14/05/2012

·         MTP – Share Issue 14/05/2012

·         MTP – Cash Dividend 14/05/2012

·         GSP – Cash Dividend 14/05/2012

• ASA – Annual General Meeting 14/05/2012

Corporate News

• DIC: Consolidated Net Profit Reaches VND208Mln in Q1/2012


• ASP: Consolidated Net Profit Rises 154% to VND7Bln in Q1/2012


• CMX: Swings to VND3Bln Net Profit in Q1/2012


• PSC: Q1/2012 Net Profit Falls 17% to VND1.9Bln


• NBC: Makes VND15Bln Net Profit in Q1/2012


• MIC: Swings to VND2.4Bln Net Loss in Q1/2012


• GFC: Swings to VND15Bln Net Loss in Q1/2012


• DID: Q1/2012 Net Profit Plunges 93% to VND330Mln


• HCT: Earns VND988Mln Net Profit in Q1/2012


• SSG: Swings to VND1.6Bln Net Loss in Q1/2012


• PSL: Plans VND15Bln Pre-tax Profit in 2012


• PEC: Targets VND8Bln Net Profit in 2012


• SPD: Aims VND15Bln Pre-tax Profit in 2012