Nov 17: StoxPlus Morning Brief

17/11/2011

Macro economy

· Vietnam Banks to Report Loans to FDI Firms before Nov 30
The State Bank of Vietnam requested local credit institutions and branches of foreign banks to submit reports on loans to foreign direct investment (FDI) firms by Nov 30, the central bank said on its website on Nov 15.

· Vietnam to Release Financial & Banking Information, A Step Towards Transparency
Vietnam government always aimed at ensuring information transparency in the local market.

· Vietnam Banks Turn to Borrow from Enterprises
Interbank interest rates hike prompted several banks with liquidity shortage to seek for loans from cash-rich enterprises, the local online newspaper Saigon Tiep Thi reported on Nov 16.

· Hanoi Accepts to Increase Cars’ Registration Fees
Hanoi City supports the functional agents’ proposal to increase fee on car registration and number plates, Pham Quang Nghi, Secretary of Hanoi People Committee said with the VnExpress Newspaper on the sidelines of the National Assembly.

· Vietnam Bond Yields Rise amid Bank Liquidity Shortage
Vietnam’s government bond yields rose as local banks experienced severe liquidity shortage and had to limit their investments in valuable papers.

Market News

· Vietnam Prepares to Issue New Regulations to Develop Stock Market
Vietnam Securities Commission (SSC) held a press conference this morning (Nov 16), chaired by SSC chairman Vu Bang, on deployment of solutions to the local stock market.

· Vietnam Seeks To Revive Stock Markets, Allows Etfs
Nov 16 (Reuters) – Vietnam’s government will allow exchange-traded funds and open-end funds to operate and seek to monitor indirect investment inflows in an attempt to support the sliding stock market, the Finance Ministry said on Wednesday.

· NOV 16: Foreigners Net Sell on HOSE and Net Buy on HNX
Foreigners rebounded to be net sellers on the primary bourse HOSE and remained to be net buyer on HNX bourse today.

Corporate Events

· DHG – Record date for ballot 17/11/2011

· DHG – Cash Dividend 17/11/2011

· DCC – Record date for ballot 17/11/2011

· OGC – Share Issue 17/11/2011

· VE2 – Share Issue 17/11/2011

Corporate News

· CTS: Reports VND72Bln Pretax Profit in 10M/2011, Meeting 60% Year Plan

· HPB: Buys 150,000 Treasury Shares

· LBE: Makes VND168Mln Consolidated Net Profit in Q3/2011

· PVV: Q3/2011 Consolidated Net Profit Soars 184% to VND14Bln

· SD1: Consolidated Net Profit Falls to VND6Bln in Jan-Sep