HOSE reports 2022 revenue of nearly VND2 trillion
HCMC – The Hochiminh Stock Exchange said in its 2022 financial statement that it generated VND2,508 billion in revenue, a 23% decrease against the previous year. Its 2022 expenses dropped 20% to VND562 billion, resulting in a pre-tax profit of VND1,946 billion, which was still 23% below the
New concerns for stock market
That many enterprises will be subject to inspection regarding their previous stages of flotation or divestment of State capital sparks concerns among investors. This could be another source of pressure on the stock market, which is already in a sensitive and very vulnerable state. Check on
BWE wants to acquire 24.5% stake in LAW
HCMC – Binh Duong Water Environment JSC (BWE) has approved a board resolution to buy three million LAW shares, or a 24.5% stake, in Long An Water Supply Sewerage JSC (LAW). It is likely that BWE would buy the shares from DNP Holding Joint Stock Company (DNP), which has registered to sell three
CTF to issue 3.8 million ESOP shares
HCMC – City Auto Corporation (CTF) has announced it will issue over 3.8 million shares under the employee share ownership plan with a price of VND15,000 per share. The shares will not be tradable within one year from the date of issue and will be bought back if the holders quit their job within
Fitch Ratings assigns GAS “BB” rating
HCMC – PetroVietnam Gas Joint Stock Corporation, whose GAS shares are listed on the Hochiminh Stock Exchange (HOSE), has received a “BB” rating from Fitch Ratings, with a positive outlook. The rating is expected to help the firm win the trust of partners and banks, GAS said. For Standalone Credit
STK gets loan worth US$52.5 million
HCMC – Century Synthetic Fiber Corporation (STK) has announced its affiliated company, Unitex Corporation, has secured a syndicated loan of US$52.5 million, equivalent to VND1,233 billion. The lenders comprised CTBC Bank, Kasikorn Bank, Shanghai Commercial and Savings Bank, Entie Commercial Bank
VCSC wants to be renamed as Vietcap Securities
HCMC – Viet Capital Securities Joint Stock Company (VCSC), whose VCI shares are traded on the Hochiminh Stock Exchange, wants to be renamed as Vietcap Securities JSC. This is part of its plan to improve its brand recognition, as the firm now is called many different names, such as VCI, VCSC, and
PVCFC partners with Chinese chemical company
HCMC – Petro Vietnam Ca Mau Fertilizer JSC (PVCFC), whose DCM shares are traded on the Hochiminh Stock Exchange (HOSE), signed a strategic partnership with the Yunnan Yuntianhua Honglin Chemical Company yesterday, March 7. Yuntianhua Honglin Chemical Company is an affiliate of the Yuntianhua Group
MWG suspends cooperation with F88
HCMC – Mobile World Investment Corporation (MWG) has halted its cooperation with personal financial service provider F88 after the police searched the latter’s headquarters. F88 offers loans to consumers who use their motorcycles, automobiles, laptops, or smartphones as collateral, with an
DGC expects profit to halve this year
HCMC – Duc Giang Chemicals Group JSC, whose DGC shares are traded on the Hochiminh Stock Exchange (HOSE), looks to obtain nearly VND10.9 trillion in revenue and VND3 trillion in profit after tax in 2023. The figures plunged by 24.7% and 50.3% compared to the 2022 results, respectively. The firm
Businesses prudent with financial targets
Gloomy business conditions are expected to continue through 2023, reflected in Vietnamese enterprises setting modest financial targets for the year Planning in caution Though PetroVietnam Ca Mau Fertilizer JSC saw a sharp spike in profit after tax in 2022, up 2.3 times against 2021 to over
Board member of DHC eyes higher stake
HCMC – Nguyen Thanh Nghia, a board member of Ben Tre-based Dong Hai Joint Stock Company, whose DHC shares are traded on the Hochiminh Stock Exchange (HOSE), has registered to buy more DHC shares. Nghia will acquire one million DHC shares from March 7 to April 5 to raise his stake in the company to