Nov 24: StoxPlus Morning Brief

Macro economy

·         Inflation in Vietnam To Remain High In 2012: WB
The inflation rate will still be in the double-digits, keeping it among the highest in the Pacific – East Asia region, a recent report by the World Bank has said.

·         Vietnam Attempts To Tighten Control Over Outward Investment
Vietnam is now planning to impose a stricter control over the outward investment projects, after experts warned that in many cases, the investments do not bring the desired effects.

·         Vietnam Central Bank to Have Policies to Stimulate Real Estate Market
The Government and the SBV would implement policies to prevent the growth of real estate bubble, yet spurring the local real estate market to reasonable levels, said the Governor in an interview with the press on Nov 21.

·         Vietnam Central Bank to Amend Regulation on Debt Trading
The State Bank of Vietnam (SBV) on Nov 22 publicized the draft of a new circular on debts trading by credit institutions developed by the central bank’s Credit Department to replace the out-dated Circular No. 59/2006/QD-NHNN.

·         Ho Chi Minh’s Trade Deficit Reaches $126.5 Mln In Jan-Nov
Ho Chi Minh city was estimated to incur a trade deficit of $126.5 million in the first 11 months of the year, the city’s Statistical Office said on November 21.

·         Interest Rates on Gold Deposits Hits New High Record at 3.5% p.a.
Saigon Commercial Bank (SCB) raised interest rates on gold deposits at the bank to 3.5% per annum, the highest level of the whole banking sector, the local newswire DVT.vn reported.

Market News

·         NOV 23: Foreigners Resume Net Selling on Both HOSE and HNX
Foreigners returned to be net sellers on both HOSE and HNX on Wednesday as they took the market rally as an exit opportunity.

Corporate Events

·         DIC – Treasury Stocks 24/11/2011

·         DNS – Share Issue 24/11/2011

·         HPG – Record date for ballot 24/11/2011

·         ND2 – Record date for ballot 24/11/2011

·         TH1 – Cash Dividend 24/11/2011

Corporate News

·         AAA: Consolidated Net Profit Tumbles 55% to VND19Bln in Q3/2011

·         AME: Makes VND1.5Bln Consolidated Net Profit in Jan-Sep

·         CMS: Q3/2011 Consolidated Net Profit Falls 29% to VND2.5Bln

·         CSC: Makes VND3Bln Consolidated Net Profit in Q3/2011

·         EID: Buys 458,400 Treasury Shares

·         FDC: to Buy 8.5% Stake in Chon Thanh Co.

·         HBC: to Buy 500,000 Treasury Shares

·         HMH: Reports VND37Bln Consolidated Net Profit in Jan-Sep

·         PPG: Posted VND785Mln Consolidated Net Loss in Q3/2011

·         PVC: Consolidated Net Profit Rises 48% to VND95Bln in Jan-Sep

·         PVI: to Set up Representative Office in the South

·         SDH: to Sell 800,000 Treasury Shares

·         SJM: Posts VND1Bln Consolidated Net Profit in Jan-Sep