Nov 10: StoxPlus Morning Brief

Macro economy

• Export Revenue Likely To Hit $95Bln
  Vietnam is likely to reach a total export turnover of $95 billion for the year, based on the results of the past 10 months, Deputy Minister of Industry and Trade Nguyen Thanh Bien said.

• Outstanding Loans in Non-production Sector May Fall Below 16%: SSI
  Saigon Securities Inc. (SSI) saw it possible for local banks to reduce the outstanding loans in non-production sectors to 16% before year end, the local newswire Business Review reported.

• Vietnam Government Says No Intention to Shut down Finance Companies
  Vietnam government has no intention to close down finance companies; it only requested state-owned corporations to gradually unwinding investments in finance companies, the State Bank of Vietnam said on its website.

• Vietnam Congress Passes Plan to Raise VND225 Trillion G-Bonds in 2011-2015
  Vietnam Congress approved the government’s plan to raise VND225 trillion ($10.82 billion) in 2011-2015 with 89% votes this morning, November 9, 2011.

• TEXT-S&P: BICRA on Vietnam revised to Group ’10’ from Group ’9’
  On Nov. 9, 2011, Standard & Poor’s Ratings Services revised its Banking Industry Country Risk Assessment (BICRA) on Vietnam to group ’10’ from group ‘9’.

• Bank M&A in Vietnam is Unavoidable: Nguyen Duc Kien
  Merger and acquisition is an inevitable trend to restructure Vietnam’s banking system, said Nguyen Duc Kien, deputy chairman of the Economic Committee of the National Assembly, adding that local banks are encouraged to voluntarily carry out M&A.

Market News

• NOV 9: Foreigners Resume Net Buying on HOSE and Still Sell on HNX
  Foreigners returned to be net buyers on the primary bourse HOSE today with a jumbo deal of 1.1 million VIC shares changed hands in the put-through, but they remained net sellers on the HNX for a sixth day in a row.

Corporate Events

·         HFX – New listing 10/11/2011

·         S33 – additional listing 10/11/2011

·         SGD – Treasury Stocks 10/11/2011

·         SBT – Cash Dividend 10/11/2011

·         SZL – Cash Dividend 10/11/2011

Corporate News

• ALT: Q3/2011 Net Profit Jumps 405% to VND4Bln


• DZM: Consolidated Net Profit Reaches VND990Mln in Q3/2011


• HPB: Q3/2011 Net Profit Rises 29.6% to VND2Bln


• HJS: Q3/2011 Consolidated Net Profit Plunges 92% to VND54Bln


• HTC: Consolidated Net Profit Falls 20% to VND5Bln in Q3/2011


• SD5: Targets VND12.5Bln Pretax Profit in Q4/2011


• SD2: Q3/2011 Consolidated Net Profit Rises Slightly to VND5.7Bln


• TIG: Q3/2011 Net Profit Falls 31% to VND1.5Bln


• VIP: Consolidated Net Profit Plunges 69% to VND8Bln in Q3/2011


• VPL: Consolidated Net Profit Soars 204% to VND272Bln in 9M/2011