Nov 7: StoxPlus Morning Brief

Macro economy

·         Vietnam Central Bank Asks for Reports on Outstanding Real Estate Loans
The State Bank of Vietnam, the country’s central bank, issued official document No.8641/NHNN-DBTKTT on Nov 4, requesting credit institutions and branches of foreign banks to report their outstanding real estate credits.

·         Vietnam Banks Limit Selling Dollars After SBV’s Tough Measures
Some banks were reported to stop selling dollars excusing limited supply, the online newspaper VnExpress (vnexpress.net) reported Nov 4 citing an unnamed forex official of a bank in Dong Da, Hanoi.

·         Average Overnight Interbank Interest Rate Hits 10-Day High
The average interbank interest rate for overnight term soared to 13.65% on Nov 2, the highest level since Oct 20, up 0.72% from the previous day and 2.72% from Oct 31, the central bank’s data showed.

·         Vietnam Five-Year Bonds Rise Most Since August as Banks May Buy
Vietnam’s bonds rose the most since August on speculation banks will seek the safety of government securities as rising interest rates boost the risk of bad loans. The dong was little changed.

·         Confidence Crisis is the Biggest Risk: Dominic Scriven
Investors were obviously losing their confidence, Dominic Scriven, CEO of Dragon Capital Group told the local online newspaper Saigon Tiep Thi, saying that the biggest risk was reputation one.

Market News

·         Vietnam’s Stocks: Mekophar Chemical, Sonadezi Long Thanh
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.

·         NOV 4: Foreigners Continue Net Buying on HOSE, Net Selling on HNX
Foreigners continued to be net buyers on the primary bourse HOSE for 9 working days and remained to be net sellers on HNX for a third day today.

Corporate Events

·         NTL – Treasury Stocks 07/11/2011

·         TV1 – additional listing 07/11/2011

Corporate News

·         ACL: Consolidated Net Profit Soars 6-Fold to VND30Bln in Q3/2011

·         DBT: Makes VND7Bln Net Profit in Jan-Sep

·         DNY: Q3/2011 Net Profit Plunges 90% to VND2Bln

·         ELC: Consolidated Net Profit Reaches VND35Bln in Q3/2011, down 43% 

·         HTB: Makes VND132Mln Net Profit in Jan-Sep

·         MIM: Makes VND144Mln Net Profit in Jan-Sep

·         PHT: Posts VND6Bln Consolidated Net Profit in Q3/2011, down 38%

·         PVF: Consolidated Net Profit Jumps 49% to VND60Bln in Q3/2011

·         PXI: Consolidated Net Profit Plunges 70% to VND7Bln in Q3/2011

·         PET: Consolidated Net Profit Jumps 67% to VND78Bln in Q3/2011

·         REE: 9M/2011 Consolidated Net Profit fulfills 71% Year Target

·         SD3: Swings to VND17Bln Net Loss in Jan-Sep

·         SQC: Q3/2011 Net Profit Jumps 14-fold to VND32Bln

·         SFC: Consolidated Net Profit Reaches VND6Bln in Q3/2011

·         TYA: Net Profit Reaches VND16Bln in Q3/2011