Quang Nam road construction firm asks permission to list 1.2m shares on HaSTC

Quang Nam Transportation Traffic Construction Joint Stock Co is asking Hanoi Securities Trading Centre's approval to list 1.2 million shares on the northern bourse.

The company has a chartered capital of 12 billion dong, in which 53.8% held by the state and 46.2% held by internal and external shareholders.

11 firms register to join HaSTC's floor for unlisted public companies

A source said that there are now 11 companies registering transactions on Hanoi Securities Trading Centre (HaSTC)'s floor for unlisted public companies including eight banks and securities companies among 40 enterprises receiving HASTC's invitation.

According to Nguyen Vu Quang Trung, vice director of HaSTC, first off, commodities for the market are mainly selected shares of companies meeting State Securities Commission (SSC)'s requirements on corporate administration and management of shareholder book. Those are mainly securities brokerages, banks, financial institutions and insurers.

"Initially, we estimate that about 40 corporate participants will be divided into many small groups so the registration will depend on depository progress taking about two weeks for each candidate. Currently, over 10 businesses registered to join the HASTC's floor for unlisted public companies just from the first stage", Trung added.

Time by time, HaSTC will bring these companies to depository and trading registration. However, with aforementioned legislation background, shares of unlisted public corporates will be gradually put into centralised transactions with a strict treatment.

Pubic companies must carry out centralised deposit, so if not being put into transactions via the floors, transference procedures of these corporate shares cannot be made. In addition, corporates also can violate regulations on information disclosure.

As reported, legally, the scheme on unlisted public companies was completed already, which gained the Ministry of Finance's approval and was set for forthcoming issue by SSC.

On the other hand, HaSTC also finished the draft rule on distance transaction that will first off be applied on the securities trading of unlisted public companies. This draft rule was sent to seek relevant agencies' opinion.

Systematically, according to Trung, both HaSTC and Vietnam Securities Depository (VSD) Centre are ready for securities transaction of unlisted public companies.

In February 2008, HaSTC piloted the trading model in in-house transactions. In April, distance transaction was trial with VSD and 69 securities brokerages to check the exact and connection quality. (TBKTVN)

Song Da 4 subsidiary to list shares on HaSTC

Friday, June 20, 2008
Hanoi Securities Trading Center (HaSTC) recently announced that the Song Da 4 Joint Stock Co (coded SD4) would officially list 7.5 million shares on the northern bourse on June 25.

Gia Lai highland central province-headquartered SD4 with a chartered capital of 75 billion dong, of which the state holds 64% of chartered capital, operates in such fields as irrigation and hydropower works construction, road transportation, civil and industrial works construction and 110KV transformer stations and electric wires installation and construction.

Coc Sau coal firm to list shares on HaSTC

Friday, June 20, 2008
Hanoi Securities Trading Centre (HaSTC) recently announced that on June 26 it would officially list ten million shares of Coc Sau Coal Joint Stock Co under the Vietnam Coal and Mineral Industry Group (Vinacomin) on the northern bourse with the code of TC6.

The Quang Ninh province-headquartered company with a chartered capital of 100 billion dong, of which the state holds 51% of chartered capital specialises in minerals trade and processing, mine works construction, industrial and civil works construction, mine equipment and transportation means processing and reparation, construction materials trade and production, hotel and restaurant service business and material export and import.

Telecommunication firm No 1 to list shares on HaSTC

Friday, June 20, 2008
Hanoi Securities Trading Centre (HaSTC) recently announced that on June 25 it would officially list two million shares of the Telecommunication Joint Stock Co No 1 on the northern bourse with the code of ONE.

The Hanoi-headquartered company with a chartered capital of 20 billion dong operates in such fields as production and consumption materials business, trade services, electronic and informatics services and software transformation and production.

Fisheries to list on Ha Noi Securities Trading Centre

Tuesday, May 27, 2008
The Ha Noi Securities Trading Centre (HASTC) last week announced the Bac Lieu Fisheries joint stock company (BLF) would be listed on the Ha Noi bourse with 5 million shares worth a total of VND50 billion ($3.1 million).

Vinaconex No 9 to list shares on HaSTC

Thursday, May 22, 2008
Vinaconex's Construction Joint Stock Co No 9 recently passed the plan to list shares on Hanoi Securities Trading Center (HaSTC) in the last half of the year.

This year, the company targets 380 billion dong in revenue, up 35% on 2007 and 16.1 billion dong from pre tax profit, rising 79% against the previous year and a dividend of 14%.

Telecom explains why shares are bottoming out

Wednesday, May 21, 2008
The Ha Noi Securities Trading Centre has received a full account from Telecommunication Technical Service (TST) explaining the downward trend of its shares in five consecutive trading sessions from April 29 to May 5, 2008.

The shares continued hitting floor prices attributed to the common downward trend of the stock market.

Investors can visit the company web site: www.tst.com.vn to get information about its business activities.

Energy construction firm to go public

Tuesday, May 20, 2008
Hanoi Securities Trading Center (HaSTC) on May 16 announced that it received enough documents from Energy Construction Joint Stock Co to list 3.25 million shares on the northern bourse.
The company with a chartered capital of 32.5 billion dong specialises in transportation, irrigation, civil and industrial construction and other services.

From June 2, all Governments bonds be listed on HASTC

Saturday, May 17, 2008
From June 2, all government bonds listed on the Ho Chi Minh City Stock Exchange (HOSE) will be shifted to list on the Hanoi Securities Trading Centre (HaSTC).
This is under a decision dated May 16 by the State Securities Commission on shifting the listing of government bonds from Ho Chi Minh City Stock Exchange to Hanoi Securities Trading Centre.
According to the decision, the last trading day for government bonds listed on the southern bourse is May 28.
The move is to implement the project to build a special trading market for government bonds at the northern bourse approved by the Ministry of Finance in January 2008.

Viet Nam fails again to sell any govt bonds

Friday, May 16, 2008
Viet Nam's State Treasury has failed for the sixth time in a row to sell any government bonds at an auction on Friday when it sought to raise 500 billion dong ($31 million), the Hanoi Securities Trading Center (HASTC) said.

Bidders sought yields of between 10.5% and 15% for the May 20, 2013 bonds but none of them won to buy any debt, the exchange said in a statement but gave no reasons.

At the previous auction on April 25, the State Treasury also could not sell any of its debt issue worth 1 trillion dong, the fifth failure in a row since March 7, the Hanoi stock market said.

The last time the State Treasury was successful in the bond sales was on February 28 when it raised 700 billion dong worth of two-year debt with an annual yield of 7.68%.

Banks, the frequent buyers of government debts, have been struggling to raise dong funds after the central bank tightened monetary conditions to fight Viet Nam's double-digit inflation. ($1=16,013 dong) (Reuters)

Extra two firms ask permission to list on HaSTC

Wednesday, May 14, 2008
Hanoi Securities Trading Centre (HaSTC) reported that it received the listing applications from VNECO 1 Power Construction Joint Stock Co and Mangan Natural Mineral Joint Stock Co Accordingly, Da Nang based VNECO 1 has a chartered capital of 30 billion dong, of which the state holds 28.08%, operating in fields of civil construction, industry and road construction and Ha Tinh province's Mangan Co has a chartered capital of 12 billion dong, of which 51% is dominated by the state.
The number of HaSTC listed firms now reaches 136 with total listed shares of over 43.837 billion.

Yen Bai Cement to list on Hanoi Securities Trading Center

Saturday, May 10, 2008
Yen Bai Cement and Natural Minerals Joint Stock Co (coded YBC) will officially list on the Hanoi Securities Trading Centre from May 20. After that, the company will sell shares to strategic shareholders including Asia Commercial Joint Stock Bank.
Being restructured from Yen Bai cement plant, last year the company reached a revenue of 161.1 billion dong, profit of 9.2 billion dong and return on equity at 26.87%.

Bac Ninh Agricultural Product firm to offer shares

Friday, May 9, 2008
Bac Ninh Agricultural Product Joint Stock Co (coded DBC)'s shareholders' annual meeting recently passed the plan to offer 16.55 million shares to hike its chartered capital to 260 billion dong in two phases.

In the first phase, DBC plans to offer 9.45 million shares to the existing shareholders at the ratio of one new share for one share held with the price of 15,000 dong per share, 70,000 shares will be sold to the key staff, 50,000 shares will be offered to the company's new staff and 350,000 shares will be allocated to the directors board's members with the price of 17,000 dong per share.

In the second one, DBC would retail 6.63 million shares to strategic partners with the price of 80% of the average trading price of five consecutively trading session and not below 23,000 dong per share.

The capital being mobilised from the share issue will be invested in big project and support business capital.

Particularly, the company plans to invest in Dabaco 2 plant project worth 42.292 billion dong in Khac Niem industrial zone in Bac Ninh, 35 billion dong to establish Dabaco Song Hau (Hau River) Joint Stock Co, 60 billion dong to build a warehouse for lease in Dai Dong industrial zone and 12.448 billion dong to support business capital.

In the second phase, the company would invest 115 billion dong in Que Vo 3 industrial zone and 37.49 billion dong to support business capital.

In addition, the shareholders' meeting also passed the plan to change its name to Dabaco Vietnam Joint Stock Co and offer 100 billion dong of corporate bonds at 100,000 par separately to invest 50 billion dong in infrastructure in Que Vo III industrial zone and the remaining 50 billion dong will be invested in the project to build a warehouse for lease.

These bonds with terms of from three-years to five years have fixed interest rate of 13-15%.

This year, the company has been striving to achieve over 1.515 trillion dong in total revenue, 50.346 billion dong from pre tax profit, 44.051 billion dong from after tax profit and dividend of 15%.

Song Da 9.01 subsidiary to pay dividend of 16% in cash

Friday, May 9, 2008
Hanoi Securities Trading Center (HaSTC) recently announced that the registration deadline for Song Da 9.01 Joint Stock Co (coded S91) to close the list of shareholders book to is on May 16 to pay dividend of 16% in cash on June 16.

In the fourth quarter of 2007, the company brought 6.832 billion dong in revenue from sales and services provision and 1.789 billion dong from after tax profit, bringing the total figures for the whole year to 28.776 billion dong and 4.583 billion dong respectively.

This year, S91 targets 99.028 billion dong in revenue, 6.866 billion dong in profit and dividend of 17%.

Ending the trading session on May 7, S91-coded shares lost 600 dong or 2.78% to 21,000 dong per share with 200 shares being traded.

Red ink as listed firms post Q1 performance

Thursday, May 8, 2008
Financial results of listed companies in the first quarter were eagerly awaited by investors particularly when the market was seeing weak turnover. However, figures from websites of the Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Securities Trading Center (HaSTC) on May 4 showed that there was only a handful, of reports posted.
Namely, there were only 12 reports out of total 151 listed businesses in Ho Chi Minh Stock Exchange and 45 reports out of 135 listed business in HaSTC. However, information about quarterly business results was released at websites of many businesses such as Hoa Phat, FPT, REE, VNM and others while having not yet been listed at Ho Chi Minh Stock Exchange and HaSTC.
Business results in the first quarter demonstrated a significant difference in business of listed companies.

According to a report of REE, a multi-sector company specialising in real estate, securities, posted total revenue of 275.26 billion dong however ran a loss of 106.15 billion dong in pre-tax profit.

In the banking sector, STB reported a positive result although the credit market met big changes and difficulties over the last time. STB's pre-tax profit in the first quarter was 435 billion dong, a year-on-year increase of 135%, the bank's deposits increased by 133%, total outstanding loans 141%.

In the production sector, most of reports showed good business results, even some businesses had very impressive growth. As for the seafood processing sector, which was assumed to meet various difficulties in the export markets and disadvantages of the forex rate, ABT still reported after-tax profit growth of 52.39% compared to the same period last year, reaching 11.2 billion dong, fulfilling over 28% of its yearly plan. DPM gained a pre-tax profit of 425.5 billion dong, or 35.8% of the annual plan.

Although most of listed companies reporting business results early showed positive figures, many other businesses reported losses in business and production.

This demonstrated difference among listed companies. Among construction material group, some businesses were impacted from price increase. Namely, TCR reported a revenue reduction of 8% because of high increase in input costs.

Meanwhile, HPG reported good business growth in the first quarter.

136th company lists on northern floor

Thursday, May 8, 2008
Hanoi Securities Trading Center (HaSTC) yesterday May 6 officially welcomed the 136th share code namely Saigon Cable Joint Stock Co with the total volume of 29,742,020 CSG-coded shares.

Ending the first trading session on the northern bourse, CSG-coded shares reached average price of 14,100 dong per share with the total volume of 185,600 shares being traded.

CSG with a chartered capital of 300 billion dong, of which state owns 31.14% and the company's shareholders 68.86%, specialises in producing and trading cable, telecom materials, material cable for civil electricity, television cable and other cable products.

Recently, the company expanded its operation sphere to real estate sector via investing 10 billion dong in the Nhon Trach-Sacomland residential project, another 10 billion in Resort Da Lat project and 35 billion dong in Areco project in the southern province of Binh Duong.

Last year, CSG posted 549.1 billion dong in net revenue from sales and services provision, up 253% or 393.9 billion dong on 2006, 20.25 billion dong from after tax profit, a year-on-year increase of 17.78% and EPS was 842 dong.

This year, the company targets to bring the figures to 750 billion dong and 40 billion dong respectively.

Bao Viet Securities to issue 30m shares

Monday, May 5, 2008
Bao Viet Securities Joint Stock Co, code share BVS, will issue an additional 30 million shares worth VND300 billion (US$18.7 million) on May 6 at the Ha Noi Securities Trading Centre.
The company said it intends to offer the shares to its existing shareholders at a price of VND32,000 a piece.

Sai Gon Cable Co to list shares

Monday, May 5, 2008
The Sai Gon Cable Co will list more than 29 million shares at the Ha Noi Securities Trading Centre on May 6.
The company, which specialises in the trade and production of electrical and telecom cables, is capitalised at VND300 billion (US$18.7 million), 31.1 per cent of which the State holds.

POT’s Q1 profit plunges 94.5%

Monday, May 5, 2008
Listed firm on the Hanoi Securities Trading Center, the Post and Telecommunication Equipment Joint Stock Co has revealed a post-tax profit of VND258 million (US$16,100) from the first quarter of the year, a plummet of 94.5% against the same period in 2007.
The company, capitalised at VND194.4 billion, pledges to continue with its planned projects this year in hope of achieving a pre-tax profit of VND45 billion on revenue of VND780 billion.