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Vietnam Business Briefs October 26, 2012

* SSI Asset Management Co., Ltd (SSIAM) whose deputy general director is Nguyen Thanh Tung, member of Board of directors fo Ha Long Viglacera. (VHL) has registered to buy 1 million shares from October 29 to November 27. SSIAM now holds 445,300 shares or 4.95 percent stake in the listed firm. * Red River Holding, […]

AMV: Suffers 1.5b dong Net Loss in Jan-Sep

American Vietnamese Biotech Incorporation (AMV) reported a net loss of VND1.5 billion in the first nine months of this year, including a loss of VND0.5 billion in Q3/2012, the firm said in its financial statements posted on its website. The company generated revenue of VND6.7 billion in January-September of this year, including VND2.55 billion in the third quarter of the year. The firm posted VND1 billion net loss on VND7 billion revenue in the first nine months of 2011 and VND80 million net profit and VND2.58 billion revenue in Q3/2011. http://stoxplus.com/News/93626/1/193/amv-suffers-vnd1-5bln-net-loss...

Securities Companies En Mass Cut PVX Margin Support to Zero

Ho Chi Minh City Securities Corporation (HCM) announced to cut PetroVietnam Construction Joint Stock Corporation (PVX) margin support to zero from September 12. While FPT Securities Company (FPTS) said it removed PVX from the margin list from today, Sept 12. Earlier, Tan Viet Securities Incorporation (TVSI) removed PVX from the margin support list from Sept 10. Military Bank Securities announced to cut weigh of PVX in the “Business Cooperation Contract (BCC)” with customers to 40% from previous 40%. In September, BIDV Securities JS Company (BSC)...

Q2/2012: HSC Tops Brokers on HOSE, Phuong Nam Securities Makes Surprise

Ho Chi Minh City Securities Corporation (HSC) moved up 1 step to top brokers on the Hochiminh Stock Exchange(HOSE), Vietnam’s primary bourse, in the second quarter of this year with 11.47% of the brokerage market share, higher than its 11% in Q1/2012 Saigon Securities Inc. (SSI) gave up its No1 position for the first time in 7 quarters as its market share fell to 8.06% in Q2/2012, ranking second in the top 10 list. In Q1/2012, the broker had 11.74% market share. ACB Securities JSC (ACBS) remained in the third place of the top list with 6.25% market share, much lower than its...

FLCS to hike chartered capital to 300b dong

FLC Securities Joint Stock Co (FLCS) on June 30 organized its annual general meeting (AGM) and passed this year’s business plan with revenue of 118 billion dong and after tax profit at 1.14 billion dong . Also at the AGM, shareholders agreed to hike chartered capital from the current 135 billion dong to 300 billion dong and add issuing underwriting operation in its business line. Since early 2012 so far, FLCS has been the single securities company adopting plan to scale up chartered capital to expand business line. Earlier, the market saw some cases of securities companies reducing business lines and lowering chartered capital such as...

June 12: Vietnam Stocks Close Down, Liquidity Falls Further

Vietnamese stocks fell back today with shrinking liquidity as investors sold shares to minize risks. The benchmark VN Index lost 4.34 points or 1% to 428.16, breaking down support at 430. Volume fell 16.15% to 57.1 million shares worth of VND839.4 billion. Put-through trading contributed 5.6 million shares worth VND121 billion...

Vietnam Stock Market Regulator Puts 6 Securities Companies under Special Watch

The State Securities Commission (SSC), the stock market watchdog, has announced to put 6 securities companies under special watch because their Capital Adequacy to total risks fell under 120% from today April 23. The move follows the Circular 226/2010/TT-BTC of December 31, 2012 by the Ministry of Finance. The names of theses 6 companies are: 1. Rubber Securities JSC. 2. Vina Securities Joint Stock Company; 3. Hanoi Securities company; 4. Truong Son Securities Incorporation ; 5. Da Nang Securities Company; 6. MeKong Securities Corporation . Source

Q1/2012: SSI Tops Brokers on HOSE, HSC Leads on HNX

Saigon Securities Inc. (SSI) continued to top brokers on the Hochiminh Stock Exchange(HOSE), Vietnam’s primary stock exchange, in the first quarter of this year with 11.74% of the brokerage market share. This is the sixth consecutive quarter the broker house has maintained its No 1 position in the list, the HOSE’s data showed, however, its market share in the past quarter was lower than its 12.25% in Q4/2011. Ho Chi Minh City Securities ( HSC ) remained the second biggest broker with 1 1% of the market share on the bourse in Jan-March higher than its 8.5% market shares in Q...

A busy year for M&A activities

2011 marked a busy year for corporate M&A (mergers and acquisitions) activities with a total value estimated at US$2.67 billion, 1.5 times higher than the previous year. Unlike previous years, foreign-related M&A deals, mostly in the fields of consumer products, finance and real estate, stole the spotlight in 2011, accounting for 81.3 percent of the total amount. Some M&A deals also emerged as a result of the withdrawal of capital by investment funds and the restructuring of domestic groups. The three biggest M&A deals in 2011 were Charoen Pokphand Group China’s buying 70.8 percent of the share of CP Vietnam Corporation, Russian mobile phone service...

Business Briefs January 17

* HCM City Securities Joint Stock Co (HSC-coded HCM) has recently announced the business results for 2011 with after tax profit of 194.4 billion dong, up 7 percent from 2010 and fulfilling 82 percent of the year's plan. * Xuan Thanh Securities Joint Stock Co (coded VIX) has said that in the fourth quarter of 2011, its revenue reached over 26 billion dong, rising 134 percent from the same period of 2010. * The Hydropower Joint Stock Co No 3 (coded DRL) announced to advance the 2011 dividend in cash at applied ratio of 20 percent in Q1 of 2012. * Hochiminh Stock Exchange (STC) lately announced that Khang Dien Housing Investment...