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Monthly Archives: March 2012

The Vietnam stock market report 03-29-2012

sugar

Vietnam stock market daily: Q1 GDP growth was confirmed at 4% which reminds us of Q1 FY2009 when GDP growth was just 3%. The Ministry of Agriculture and Rural Development (MARD) has recently asked the Prime Minister to give them funds to create a price sta¬bilisation fund totaling about VND3,200 billion to support sugar manufacturers. Read More »

The Vietnam stock market report 03-28-2012

Phamnhatvuong_chairmanVIC

Vietnam stock market report daily: E United Group is in the process of building an integrated steelworks in the Dung Quat Economic Zone. It’s important to note that JFE’s plant wouldn’t affect construction steelmakers like HPG and POM but in contrast would seriously affect steel sheet makers such as the Hoa Sen Group (HSG) and NKG. Blue chips were mixed ... Read More »

The Vietnam stock market report 03-27-2012

GMD

Vietnam stock market daily: The markets sold off rather dramatically in the afternoon session on speculation that the authorities may be about to launch a round of inspections of margin trading activities at all brokers. VND deposit cap may be removed in June or July if macro conditions allow. GMD will achieve at least VND150 billion in pretax profit this ... Read More »

The Vietnam stock market report 03-26-2012

Phamhuyhung-chairmanCTG

Vietnam stock market daily: The 0.15% m/m increase was the lowest in two years and brings the y/y CPI down to 14.15%. CTG is trading at a forward P/E of 11.8xs and P/B of 1.75xs compared to the peer bank average forward P/E and P/B of 11.25xs and 1.52xs respectively. HSC prefers MBB and VCB for medium to long term ... Read More »

The Vietnam stock market report 03-22-2012

Vinashin

Vietnam stock market daily: We understand that Vinashin may issue new bonds guaranteed by the Government in order to repay domestic lenders and bond holders. Some market leaders have punched through to new rally highs all pointing to more upside in the days and weeks to come. Read More »

The Vietnam stock market report 03-19-2012

dong_a_bank

Vietnam stock market daily: The markets made a cautious start to the week with mid-session gains. The media published an interview with DongA Bank’s (EAB) Chairman Binh who said the bank was looking to do some M&A and also find a foreign strategic partner this year. Read More »

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