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Tag Archive for ‘Shares’

Vietnam Business Briefs November 14, 2012

* Dinh Vu Port Investment & Development JSC. (DVP) announced November 26 as ex-date and November 28 as record date for 2012 interim cash dividend payment. The firm will pay dividend at VND2,000/share on December 14, 2012. * Phuc Tien Trade Manufacture JSC. (PHT) reported its current outstanding shares as at November 8 as follows: […]

Vietnam Coal Industry Seeking Solutions to Overcome Difficulties

The Viet Nam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) had to face many challenges with a sharp fall in demand for energy in general and coal in particular. Due to the impacts of the economic downturn, in the first 9 months of 2012, the Viet Nam National Coal and Mineral Industries Holding […]

Vietnam approves Carlsberg to raise Habeco stake to 30pct

Vietnam has informed the Danish government that Carlsberg A/S (CABGY) can increase its stake in a government-controlled local brewery, the Vietnamese trade and industry ministry said. In a statement over the weekend, the ministry said it had informed Danish prime minister Helle Thorning-Schmidt, who led a delegation that visited Carlsberg target Hanoi Beer Alcohol & […]

Infrastructure Projects In Vietnam Remain Inaccessible To Private Investors

Private investors can all see great potentials in infrastructure projects. However, a lot of things still need to be done to turn the potentials into reality. Le Quoc Binh, General Director of the HCM City Infrastructure Investment Joint Stock Company (CII), when asked about the opportunities in infrastructure projects, said there are numerous projects, but […]

Gold Industry Facing Mine Discovery Challenge, Barrick CEO Says

Gold discovery rates are decreasing even as exploration spending in the industry reached a record $8 billion last year, according to Jamie Sokalsky, chief executive officer of Barrick Gold Corp., the world’s largest producer. There were three discoveries last year, compared with 11 in 1991, and none of those can be described as “supergiant,” or holding more than 20 million ounces, Sokalsky said at a conference in Hong Kong. Breakeven costs were rising, he said today, predicting gold’s bull market shows no signs of ending. Gold is poised for a 12th annual gain, driven by increased investor and central-bank purchases as…

Iron-Ore Rebound Boosts STX With Record Chinese Imports: Freight

China, which imports more iron ore than the rest of the world combined, will buy a record amount this quarter, easing concern about the engine of global economic growth and extending a two-month rally in shipping rates. Capesizes, carrying more ore than any other vessel class, will earn $12,000 a day in the first quarter, says Arctic Securities ASA, a bank in Oslo whose recommendations on shipping stocks returned 17 percent in a year. Investors may profit from that because freight swaps for the period are trading at $8,500. Fourth-quarter shipments will rise 5.5 percent from a year earlier to…

Nov 13: Vietnam Stocks Fall On Profit Taking

Vietnamese shares closed lower today as traders took quick profit after recent mini rally, liquidity fell. The benchmark VN Index lost 3.4 points or…

Nov 13: Foreigners Continue to Net Buy on Both Bourses

Foreigners continued their net buying of Vietnamese shares on both Hochiminh Stock Exchange and the smaller cap bourse Hanoi Stock Exchange, level of participation eased. These players net bought VND5.24 billion worth of shares on HSX after buying 1.69 million shares for VND35.34 billion and selling 1.45 million units for VND30.09 billion, accounting for 10.98% […]

Nov 13: UPCoM-Index Bucks Trend to Close Up

The UPCoM-Index, the measure of 131 unlisted public companies closed bucked trend to close higher toda The index rose 0.05 point or 0.112% to 40.83. The market volume rose to 162,497 shares worth of VND1.06 billion. y. Market breadth was positive with 9 gainers, 5 losers, 10 unmoved, and the rest untraded. HCI was the biggest gainer, climbing 10% to finish at VND44,000 on a trade of 100 shares. HPP was the biggest loser, erasing 9.7% to close at VND18,700 on a trade of 500 units. PTP was the most active on the gauge with a trade of 80,097 shares which closed flat at VND7,100 on average. Foreigners net…

Pinnacle’s Casino Development in Vietnam in Jeopardy

Pinnacle Entertainment’s $114 million investment in a casino development in Vietnam is in jeopardy after it was disclosed the development company in charge of the project is in default. The Las Vegas-based regional casino operator disclosed the issue in the company’s quarterly earnings filing Friday with the Securities and Exchange Commission. Pinnacle disclosed that Asian […]