May 16: StoxPlus Morning Brief

Macro Economy

• Fitch Affirms Vietnam At ’B+’; Outlook Stable
  Fitch Ratings has affirmed Vietnam’s Foreign- and Local-Currency Issuer Default Ratings at ‘B+’ and the outlook for both ratings stable.

• Why Gold Is No Longer a Safe Haven for Investors
  After falling five of the last six trading sessions, gold has given up all of its gains for 2012, settling at its lowest price of the year.

• EU Officially Approves Signing PCA with Vietnam
  Representatives of European Union (EU) officially approved signing Partnership and Co-operation Agreement (PCA) between EU and Vietnam at the meeting of Foreign Ministers of the Member States held in Brussels (Belgium) on May 14.

• Banks Reduce Investment in ATM System
  The number of new Automated Teller Machine (ATM) increased slowly in 2011 due to high investment and operation costs and low service charges, the local newspaper Tuoi Tre (Youth) reported, citing information from Vietnam ATM card association.

Market News

• Brokers Expect Further Consolidation
  Brokers are concerned that the market will see further consolidation this week.

• Facebook Raises IPO Price Range to $34-38 per Share
  Facebook is revising the price range for its initial public offering to $34-$38 per share, according to people familiar with matter – a significant increase versus the prior range of $28-$35.

• May 15: Foreigners Net Sell on Both HOSE and HNX
  Foreigners were net sellers on both HOSE and HNX on Tuesday. Level of participation increased.

Corporate Events

·         LIX – Share Issue 16/05/2012

·         LIX – Cash Dividend 16/05/2012

·         SGC – Annual General Meeting 16/05/2012

·         SGC – Cash Dividend 16/05/2012

·         QTC – Cash Dividend 16/05/2012

·         PMC – Cash Dividend 16/05/2012

·         WCS – Cash Dividend 16/05/2012

·         VSH – Annual General Meeting 16/05/2012

·         SJC – Treasury Stocks 16/05/2012

·         D2D – Cash Dividend 16/05/2012

·         DPM – Cash Dividend 16/05/2012

·         FMC – Cash Dividend 16/05/2012

·         HU3 – Cash Dividend 16/05/2012

·         SDN – Annual General Meeting 16/05/2012

·         CCI – Share Issue 16/05/2012

·         THV – Annual General Meeting 16/05/2012

·         NHN – Annual General Meeting 16/05/2012

·         BTW – Cash Dividend 16/05/2012

·         CI5 – Cash Dividend 16/05/2012

• VNA – Annual General Meeting 16/05/2012

Corporate News

• ASM: Aims VND130Bln Net Profit in 2012


• GAS: Targets VND5Tln Net Profit in 2012


• NTB: to Invest VND500Bln in Bianfishco


• ICF: Targets VND16Bln Net Profit in 2012


• HSG: Estimates VND47Bln Net Profit in April


• CAN: Announces 2012 AGM Resolution


• EIB: Targets VND4.6Tln Pre-tax Profit in 2012


• PVD: Targets VND1Tln Net Profit in 2012


• SDJ: Swings to VND1.7Bln Net Loss in Q1/2012


• TRA: Buys 24.5% Stake in Dak Lak Pharmaceutical Medical Equipment JSC.


• VSI: Targets VND35Bln Pre-tax Profit in 2012