Nov 25: StoxPlus Morning Brief

Macro economy

·         Vietnam November CPI Speeds UP to 0.39%: GSO
Vietnam consumer price index in November is estimated to have accelerated to 0.39% from October, after hitting the lowest level since July 2010 in previous month, the General Statistics Office said on its website.

·         Lending Interest Rates Unlikely to Fall: Le Dat Chi
Lending interest rates are unlikely to be lowered in the near future due to demand-supply mismatch, the local online newspaper Saigon Giai Phong quoted Le Dat Chi, Head of Financial Department, University of Economics Ho Chi Minh City, as saying.

·         Vietnam Central Bank Closely Monitors Weak Commercial Banks
The State Bank of Vietnam (SBV) has been closely monitoring weak local banks, said the SBV’s Governor on Nov 24, providing details on measures to restructure the banking system and ensure sufficient funds for production.

·         Vietnam Prepares To Welcome Investment Wave From Japan
Japanese businesses are flocking to Vietnam to seek investment opportunities in the wave of relocating production bases to other countries to avoid high labor cost and natural calamities.

·         Vietnam November Rice Exports Forecast at 400,000 Tons
Vietnam, the world’s second-biggest rice exporter, may ship 400,000 metric tons this month, according to figures released today from the General Statistics Office in Hanoi, 20 percent less than in the same period last year.

Market News

·         VietinBank Bond Sale Wins Regulatory Approval
VietinBank, has received approval from the country’s central bank for its planned $500 million international bond sale.

·         NOV 24: Foreigners Continue Net Selling on Both HOSE and HNX
Foreigners continued to be net sellers on both HOSE and HNX on Thursday,level of participation fell on caution.

Corporate Events

·         BMP – additional listing 25/11/2011

·         DAC – Record date for ballot 25/11/2011

·         KHP – Treasury Stocks 25/11/2011

·         VKD – Cash Dividend 25/11/2011

Corporate News

·         ARM: Targets VND7.8Bln Net Profit in 2012

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

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

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

·         PVS: Sets up Associated Company

·         SEB: Targets VND5.7Bln Net Profit in Q4/2011

·         SDH: to Sell 800,000 Treasury Shares

·         SHI: Adjusts Net Profit Target down to VND30Bln in 2011

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