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Oct 19: Vietnam Shares Decline; Further Losses Worried

Vietnam’s shares continued falling streak today, with local investors selling on worries that prices may decline further in coming sessions as current damaging floods in the central region may accelerate higher inflation.

Navibank Posts Pretax Profit of VND151B in Jan-Sept

Nam Viet Commercial Joint Stock Bank (NVB), or Navibank, said it made a pretax profit of VND151 billion in the first nine months of this year, fulfilling 43% of its full-year target.

Foreign Buying Rescues Vietnam Stock Market Last Week

Strong performances by a few blue chips, fueled by foreign buying, saved Vietnam’s stock indexes from substantial declines last week, but trading remained sluggish due to weak appetite of local investors.

Vietnam Listed Firm Borrows VND262B from WB Loan

Ho Chi Minh City State Financial Investment Ltd. Co (HFIC) has allowed Ho Chi Minh City Infrastructure Investment JSC (CII) to borrow VND262 billion ($13.43 million) from the World Bank (WB) loan.

13 Vietnam Firms Seek Approval to List 156.26M Shares on HNX in Oct

As many as 13 firms have applied to list a combined 156.26 million shares on the Hanoi Stock Exchange (HNX) so far this month, the Thoi bao Kinh te newspaper reported.

HPG Posts Net Profit of VND960B in Jan-Sept

Hoa Phat Group (HPG), one of the leading private heavy industry groups in Vietnam, said it earned a consolidated net profit of VND960 billion ($49.2 million) in the first nine months of this year, meeting 71% of its full-year target.

Deutsche Bank Unit Buys 1.04M Shares of Vietnam KDC

Deutsche Bank Aktiengesellschaft bought 1,038,430 shares of Kinh Do Corp. (KDC) between July 7 and October 6.

HCM Net Profit Falls 29.31% in Jan-Sept

Ho Chi Minh City Securities Corp. (HCM), listed on the Hochiminh Stock Exchange, said it made a net profit of VND154.5 billion ($7.92 million) in the first nine months of this year, falling 29.31% from a year earlier.

Thang Long Securities Net Profit Soars 76.13% in Q3

Thang Long Securities JSC (TLS), listed on the Hanoi Stock Exchange, earned a net profit of VND39.1 billion ($2.01 million) in the third quarter of this year, soaring 76.13% from a year earlier.

BVS Posts Loss of VND74.6B in Jan-Sept

Bao Viet Securities Company (BVS), an affiliate of the financial Bao Viet Group, suffered a loss of VND74.6 billion ($3.83 million) in the first nine months of this year.

PVF to Sell 1.57M Shares of PSV

PetroVietnam Finance Corp. (PVF), an affiliate of the state-run Vietnam Oil and Gas Group, plans to sell 1.57 million shares of PetroVietnam Technical Services Corp. or PTSC (PVS), between October 20 and November 15.

VNS Posts Net Profit of VND151.21B in Jan-Sept

Vietnam Sun Corp. (VNS), listed on the Hochiminh Stock Exchange, made a net profit of VND151.21 billion in the first nine months of 2010, meeting 87.1% of its full-year target.

PGS Net Profit Surges 8 Folds in Jan-Sept

PetroVietnam Southern Gas JSC (PGS), listed on the Hanoi Stock Exchange, made a net profit of VND171.5 billion ($8.79 million) in the first nine months of this year, surging eight folds from a year ago.

GTA Pretax Profit Jumps 72.3% in Jan-Sept

Thuan An Wood Processing JSC (GTA), listed on the Hochiminh Stock Exchange, made a pretax profit of VND11.98 billion, jumping 72.3% from a year earlier and meeting 79.87% of its full-year target.

GDT Net Profit Rises 18% in Jan-Sept

Duc Thanh Wood Processing JSC (GDT), listed on the Hochiminh Stock Exchange, made a net profit of VND26.94 billion ($1.38 million) in the first nine months of this year, rising 18% from a year earlier and meeting 84.5% of its full-year target.

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