Stock market briefs on June 16, 2019

HANOI – Vietnam Vegetable Oils Industry Corporation – Joint Stock Company (VOC) has announced its business plan for 2019 targeting net revenue of VND4 trillion and pre-tax profit of VND290 billion, up 12% year-on-year. The firm will pay dividend in cash at 12% and expects that a plan to move its listing to the Hochiminh Stock Exchange would be advantageous to VOC in 2020. Also, it had yet to map out any plan for fundraising this year.

HANOI – Nam Tan Uyen Joint Stock Corporation (NTC) looks to earn total turnover of over VND300 billion this year, dropping 55% year-on-year, with revenue generated from business activities accounting for some VND134 billion, down 68% against last-year figure, after-tax profit of VND130 billion, down an astounding 72% versus the year-ago figure, and dividend of 50%, much lower than the 2018 rate of 200%.

HANOI – State-owned Vietnam National Chemical Group (Vinachem) will offload its entire holding of 900,411 shares at Danang Chemical Industries JSC (DCI), or a 37.32% stake in DCI. The company initially acquired the stock at VND113,700 per share, which is 38 times higher than the current price of each DCI share at VND2,800. The bid is scheduled for July 10 on the Hanoi Stock Exchange.

HANOI – Cam Ranh International Airport Services JSC (CIA) has announced June 18 as the ex-dividend date to pay a 2018 first round dividend of 20% in cash for its shareholders. It will make the payment from June 28.

HCMC – Dat Xanh Group JSC (DXG) has a plan to issue VND200 billion worth of non-convertible, secured bonds in a private placement this month. The two-year debt will be offered with a face value of VND1 billion per bond.

HCMC – Pham My Linh, a board member at Viet Dragon Securities Corporation (VDS), on June 11 sold 1.8 million VDS shares via put-through. After the transactions, Linh cut down her holding at VDS to some 11.9 million shares, or an 11.91% stake in the firm.

HCMC – Cuu Long Petro Urban Development and Investment Corporation (CCL) has chosen June 27 as the ex-dividend date for shareholders to receive dividend in cash at 2%. The payment will be made from July 24.