May 22: StoxPlus Morning Brief

22/05/2012

Macro Economy

· Ho Chi Minh’s FDI Attraction Reaches $639Mln in Jan-May 15: Statistics Office
Ho Chi Minh city is estimated to have lured a total of $638.5 million foreign direct investment (FDI) capital in the Jan-May 15th, 2012, the local news provider Gafin.vn reported, citing figure form the municipal statistics department.

· Ho Chi Minh’s May CPI Rises +0.06%: GSO
Ho Chi Minh City’s consumer price index (CPI) in May 2012 is estimated to have increased by +0.06% from April, the municipal General Statistics Office (GSO) said.

· Hanoi’s May CPI Rises 0.16%: GSO
Hanoi consumer price index (CPI) was estimated to have accelerated by +0.16% on-month in May 2012, driven by increase in prices of traffic and prices of other goods and services, the municipal General Statistics Office (GSO) said.

· Ho Chi Minh’s May IIP Rises 9.8% YoY: Statistics Office
Ho Chi Minh city’s industrial production index (IIP) is estimated to rise 0.7% month on month and 9.8% year on year in May, the municipal statistics department said.

· HCMC: May Credit Growth +1.6%; Total Deposits +11.9% Y-o-Y
Total outstanding loans in Ho Chi Minh City, as at end-May, 2012, were estimated at VND762.2 trillion, up 0.4% on month and soaring 1.6% over the same period last year, the municipal General Statistics Office’s data showed.

· Hanoi: May Credit Growth +2.04%; Total Deposits -0.28% from Dec/2011
Total outstanding loans of commercial banks in Hanoi are estimated at VND598.071 trillion in May, up 0.98% on-month and rising 2.04% from late December last year, according to statistics from the municipal Statistics Office.

· Interest Rate Caps May Be Removed in Early June: Expert
The State Bank of Vietnam (SBV) may abolish both caps for deposit and lending interest rates in early June, the local media VnExpress.net quoted Tran Hoang Ngan, member of the National Advisory Council for Financial and Monetary Policies, as saying.

Market News

· Capital Flow to Stock Market to Be Tightened
A new worry has been raised that the capital flow to the stock market would be blocked when the watchdog agency releases a new circular on the organization and operation of securities companies.

· May 21: Foreigners Continue Net Selling on HOSE, Net Buying on HNX
Foreigners extended their position of net sellers on the primary bourse HOSE for the sixth consecutive day and net buyers on HNX bourse for the fourth straight day today. Level of participation continued falling.

Corporate Events

· LTC – Annual General Meeting 22/05/2012

· HNM – Annual General Meeting 22/05/2012

· KAC – Annual General Meeting 22/05/2012

· CTD – Annual General Meeting 22/05/2012

· CT3 – Cash Dividend 22/05/2012

· TNB – Cash Dividend 22/05/2012

· DVH – Cash Dividend 22/05/2012

· LCG – Cash Dividend 22/05/2012

Corporate News

· CTG: Reports VND1.5Tln Net Profit in Q1/2012, up 54%

· PTL: Consolidated Net Profit Rises 11% to VND78Mln in Q1/2012