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Tag Archive for ‘FPT’

Half of securities firms in Vietnam incur losses in Q3

Nearly 50 percent of securities enterprises in Vietnam posted up losses in their third quarter financial statements given a steady decline of stock indices and falling liquidity. In the third quarter, the VN Index lost 7 percent from 422.3 to 392.6 points while the HNX-Index even plunged 22 percent compared to the previous quarter. Liquidity also collapsed on the two exchanges, with turnover on the southern and northern bourse both contracting 50 percent to VND41 trillion and VND21 trillion respectively. Many securities enterprises met difficulties as revenues from brokerage, consulting and stock investment declined. Statistics show that around 30 out of 62 brokers have reported losses in…

Petrovietnam Drilling stands out on analyst revisions

Petrovietnam Drilling and Well Services Joint Stock Co leads on analyst revisions among 13 companies in Vietnam, tracked by at least three analysts, data from Thomson Reuters StarMine shows. The company has an Analyst Revision Model (ARM) score of 96, the highest in the sector. Analysts have raised EPS estimates for the year ending December 2012 by 4.5 percent in the last 14 days, after the company released its earnings on Oct 18. The firm has high Relative Valuation (RV) and Value-Momentum (Val-Mo) scores of 98 and 97 respectively. The higher the RV score, the cheaper the stock compared to its peers…

TienPhongBank Changes Headquarter Address

The Hanoi-based TienPhong Joint Stock Bank (TienPhong Bank) has got the approval from the State Bank of Vietnam (SBV) to change its headquarter address, the central bank said on its website. The unlisted lender moved its headquarter from FPT Building, Tong Duy Tan Street…

Vietnam’s Internet to run slowly in the next 10 days

According to information from the Internet service provider FPT, from October 25 through November 4, the international submarine cable AAG (Asia America Gateway) will be repaired. During this time, traffic transmission of telecommunications service providers in Vietnam will be affected. The repair is carried out because the AAG international submarine cable, the segment between Hong Kong and Vietnam’s Vung Tau was broken on August 13, around 6.2 km from the landing point in Vung Tau. Then, due to the complicated error, on September 8, the cable was repaired temporarily to work so far. The representatives of Internet services providers…

Oct 30: Vietnam Shares Mixed, With Low Trading Value

HA NOI (VNS)– Shares fluctuated strongly this morning on the HCM City exchange, but recovery of several blue chips helped push up the VN-Index by the end of the first half session. The VN-Index stood slightly higher at 391.48 points, but trading value decreased 65 per cent from yesterday to just VND159 billion (US$7.6 million). The VN30 tracking the top 30 shares on the bourse was also up 0.09 per cent to 464.44 points. Blue chips were mixed. Phu My Fertiliser (DPM), Eximbank (EIB), steelmaker Hoa Phat Group (HPG) and property developers Kinh Bac City Development (KBC)…

The unsuccessful “power transfer” affairs in Vietnam

VietNamNet Bridge – The abdication of a lot of Vietnamese CEOs recently shows that the process of transferring power to the next-generation managers, who are believed to be younger and more dynamic, does not succeed. The resignation of Truong Dinh Anh, former CEO of the Corporation for Financing and Promoting Technologies (FPT), the leading information technology group in Vietnam, was a hot topic in the discussions of the business circle. Anh, a member of the FPT’s “golden generation”, took the post of CEO 18 months ago, after Truong…

New Vietnam Domain Supplier Authorized

Viet Nam Internet Network Information Centre (VNNIC) has granted iNet corporation a license to provide domain dot vn (.vn) services, bringing the total number of domain dot vn providers in the country to sixteen. VNNIC said with the license, iNet will provide domains ending with dot vn (.vn) with extensions including com.vn, info.vn, gov.vn, edu.vn, […]

Oct 26: Vietnam Stocks Nationwide Add Value

HA NOI – Shares added value this morning on the HCM City Stock Exchange with the VN-Index gaining 0.82 per cent to 393.13 points and gainers beating decliners by 113-67. The trading value was only modest, however, at VND171 billion on a volume of 13.9 million shares. Of the 30 leading shares tracked by the VN30, only HCM City Infrastructure Investment (CII), software developer FPT (FPT) and Sacombank (STB) retreated. Most blue chips closed in the green, especially property developer Tan Tao (ITA), which hit its ceiling price of VND4,300. The VN30 edged up 0.87 per cent to 463.94 points. Ha Noi’s share prices also increased…

Vietnam Investors Look To Lawmakers

Stocks recovered slightly yesterday on both national stock exchanges, but trading continued to decline as investors wait for the results of the ongoing National Assembly meeting. News on the outcome of the meeting is highly anticipated as Assembly deputies are expected to adopt a new socio-economic development plan, along with making announcements on the State budget and central budget allocation for 2013, according to Pham Tien Dung, an analyst at Bao Viet Securities. “At this time, the market usually has low liquidity and tends to go sideways or falls slightly,” Dung said. On the HCM City Stock Exchange, the…

Vietnam Construction Company Uses SAP Solutions

The Licogi 16 Joint-Stock Company is successfully been using the SAP Enterprise Resource Planning solutions after seven months of installation. This SAP solution, designed for engineering, construction and operations, is used by more than 1,000 enterprises worldwide. “The solution helps our company to save expenditures and take advantage of all of our available resources,” Vu Cong Hung, general director of Licogi 16, said at a launch ceremony held in HCM City last Thursday. The SAP solution allows enterprises manage all income, expenditures, storage level, debt, production processes and financial risks of all their member companies as well as suppliers, subcontractors and…