May 4: StoxPlus Morning Brief

Macro Economy

• Vietnam State Budget Deficit Hits VND35.3Tln by Mid April 2012: GSO
  Vietnam’s state budget deficit was estimated to amount to VND35.3 trillion by April 15th, the General Statistics Office (GSO) said on its website.

• Vietnam Central Bank Tightens Lending In Foreign Currencies
  The State Bank of Vietnam (SBV) issued Decision No. 857/QD-NHNN, tightening lending to customers being residents by credit institutions and branches of foreign banks, the central bank said on its official website yesterday [May 2].

• Vietnam Likely to Stop A83 Gasoline Circulation in 2012
  A38 gasoline circulation is likely to be ended within 2012, Vu Van Quyen, director general of the Domestic Market Department under the Ministry of Industry and Trade (MoIT) told local newspapers on May 2.

• Vietnam to Raise Import Tax On a Number of Cars from May 7: MoF
  Vietnam will raise import tax on a number of cars from May 7, the Ministry of Finance (MoF) said in its Circular No. 63/2012/TT-BTC, revising implementation of preferential import tax rates for some item groups.

• Vietnam Processing Industry’s Inventory Rises 32%YoY by April 1
  Vietnam’s processing industry’s inventory was estimated to have risen by 32.1% year on year but eased by 0.5% month on month by April 1, the General Statistics Office (GSO) said on its website.

• One-Week Interbank Interest Rate Dives to All-Time Low on Apr 25
  The average interbank interest rate for 1-week term on April 25 slipped 3.27% against one day earlier to an all-time low of 4.5% per annum, the State Bank of Vietnam (SBV)’s data showed.

Market News

• Four Strange But True Features In Vietnamese Stock Market
  There are so many incredible stories about the 10-year-old Vietnamese stock market which can be heard only in Vietnam.

• Vietnam Stocks: An Phu Irradiation, Mirae, Phu Nhuan Jewelry
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of 2:15 p.m. close in Ho Chi Minh City.

• May 3: Foreigners Continue Net Buying on Both HOSE and HNX
  Foreigners continued their position of net buyers on both HOSE and HNX on Thursday. Level of participation increased for the second day.

Corporate Events

·         AMC – Cash Dividend 04/05/2012

• AMC – Annual General Meeting 04/05/2012

·         KHL – Annual General Meeting 04/05/2012

·         HVX – Annual General Meeting 04/05/2012

·         PHT – Extraordinary General Meeting 04/05/2012

·         HTL – Annual General Meeting 04/05/2012

·         TDW – Cash Dividend 04/05/2012

·         DZM – additional listing 04/05/2012

Corporate News

• ACB: Q1/2012 Net Profit Rises 7% to VND725Bln


• PGT: Q1/2012 Net Profit Falls 44% to VND2Bln


• PRC: Swings to VND213Mln Net Profit in Q1/2012


• PTS: Q1/2012 Consolidated Net Profit Falls 41% to VND1.7Bln


• MPC: Net Profit Rises 52% to VND17Bln in Q1/2012


• DNC: Posts VND306Mln Net Profit in Q1/2012


• DZM: Q1/2012 Net Profit Plunges 96% to VND69Mln


• SSC: Posts 3% Lower Net Profit in Q1/2012


• VES: Posts Wider Loss to VND970Mln in Q1/2012


• VNH: Reports Stable Net Profit in Q1/2012


• VPH: Posts Stable Net Profit in Q1/2012


• VC9: Consolidated Net Profit Falls 13% to VND2.7Bln in Q1/2012


• PVT: Net Profit Falls 65% to VND6Bln in Q1/2012 


• HUT: Sees 56% Net Profit Fall to VND15.6Bln in Q1/2012 


• HLY: Swings to VND2Bln Net Loss in Q1/2012 


• ACC: Net Profit Ups 21% to VND23Bln in Q1/2012 


• TKU: Swings to VND11Bln Net Loss in Q1/2012 


• SD9: Q1/2012 Net Profit Falls 10% to VND7.8Bln


• PVG: Q1/2012 Net Profit Tumbles 93.7% to VND7Bln 


• PVX: Q1/2012 Net Profit Plunges 91% to VND5Bln 


• PVR: Q1/2012 Net Profit Plunges 91.5% to VND867Mln