May 17: StoxPlus Morning Brief

Macro Economy

• Vietnam ODA Disbursement Reaches $34Bln by End 2011: MoPI
  Vietnam is estimated to have disbursed a total of $34 billion official development assistance (ODA) by end of 2011, Bui Quang Vinh , Minister of Planning and Investment (MoPI) said.

• Vietnam Prime Minister Appoints One More Deputy Governor
  Vietnam Prime Minister signed Decision No. 558/QĐ-TTg, appointing Dao Minh Tu, Chief Secretariat of the Governor’s Office, as a new Deputy Governor of the State Bank of Vietnam (SBV) from May 15, 2012.

• Vietnam May Narrow Down Subjects to Borrow Overseas Capital
  The State Bank of Vietnam (SBV) has recently released the draft regulation to amend the ordinance on foreign exchange control, narrowing the subjects that are permitted to borrow capital overseas.

• Vietnam May Apply Lending Rate Cap for More Sectors
  The State Bank of Vietnam (SBV) may impose lending interest rate ceiling for more sectors as part of its monetary policy management orientation in the later months of 2012, the local online newspaper VnEconomy.vn reported, citing its private source.

• HCMC: Bad Debts Rise to 5.3% by Mid-May/2012
  Bad debts at banks in Ho Chi Minh City, as of mid-May this year, climbed to 5.3% of total outstanding credits.

• Gold Trading on Offshore Accounts Can Be Allowed
  Individuals and institutions can re-open their international gold accounts if they receive permission of the Prime Minister and are granted license by the SBV.

Market News

• Vietnam Stocks: Phuoc Hoa Rubber, PetroVietnam Drilling, PVI
  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 16: Foreigners Net Sell on HOSE, Net Buy on HNX
  Foreigners extended their position of net sellers on the primary bourse HOSE but changed to net buyers on HNX bourse today. Level of participation eased.

Corporate Events

·         HVG – Cash Dividend 17/05/2012

·         CAN – Cash Dividend 17/05/2012

·         HAD – Cash Dividend 17/05/2012

·         VNT – Cash Dividend 17/05/2012

·         CTS – Cash Dividend 17/05/2012

·         BED – Cash Dividend 17/05/2012

·         ACC – Cash Dividend 17/05/2012

·         MBB – Cash Dividend 17/05/2012

·         BMJ – Cash Dividend 17/05/2012

·         CPC – Cash Dividend 17/05/2012

·         STT – Annual General Meeting 17/05/2012

·         HAD – Cash Dividend 17/05/2012

·         VRC – Cash Dividend 17/05/2012

·         BHS – Cash Dividend 17/05/2012

• DPR – Cash Dividend 17/05/2012

Corporate News

• SDU: Targets VND1.2Bln Pretax Profit in Q2/2012


• SD8: Makes VND343.5Mln Consolidated Net Profit in Q1/2012


• DBT: Posts VND2.2Bln Net Profit in Q1/2012


• NTP: Q1/2012 Net Profit Rises Slightly to VND60Bln


• KDC: Consolidated Net Profit Plunges 88Bln to VND1Bln in Q1/2012


• HBB: Q1/2012 Net Profit Jumps 315% to VND121.5Bln


• CII: Inks Credit Contract with Vietcombank


• DAC: Posts VND380Mln Pretax Profit in Q1/2012, Meeting 0.69% Year Target


• C32: Targets VND54Bln Net Profit in 2012


• SDU: Q1/2012 Net Profit Tumbles 89% to VND193.5Mln


• DNM: Makes VND923Mln Net Profit in Q1/2012


• S91: Targets VND3.8Bln Pretax Profit in Q2/2012


• SD6: Q1/2012 Consolidated Net Profit Falls 81% to VND2Bln


• SSF: Aims VND6Bln Profit in 2012


• SD5: Q1/2012 Consolidated Net Profit Falls 55% to VND4Bln


• STB: Net Profit Rises 67% to VND756Bln in Q1/2012