PVFCCo Central launches shares on HNX Trung Chanh By Trung Chanh - The Saigon Times Daily CAN THO - Central PetroVietnam Fertilizer and Chemicals Company (PVFCCo Central), a member of PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), on July 23 made its debut on the Hanoi Stock Exchange, with 10 million shares offered at the starting price of VND15,000 each. PVFCCo Central now supplies fertilizer and chemical products to farmers in the central region, including the Central Highlands. This region is a major producer of coffee, pepper and rubber, so it needs some 1.7 million tons of fertilizer a year. PVFCCo said PVFCCo Central can meet 70% of total demand for urea fertilizer in the region with total supply of 230,000 tons in 2014. Overall, PVFCCo Central sold 330,000 tons of fertilizer to farmers in the region last year and obtained revenue of over VND2.35 trillion (US$107.9 million), or 1% higher than the entire year’s target. PVFCCo Central targets revenue of … [Read more...] about PVFCCo Central launches shares on HNX
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HNX: Listed firms earn strong earnings in Q1
HNX: Listed firms earn strong earnings in Q1 The Saigon Times Daily HANOI – As many as 372 out of 379 listed firms on the Hanoi Stock Exchange (HNX) posted after-tax profit of over VND2.8 trillion (US$128.5 million) in the first three months of this year, up slightly year-on-year. HNX announced after-tax profit of 372 listed enterprises based on their quarterly financial reports. Of them, 319 firms (86% of the total) obtained VND3.06 trillion profit, a 3.5% rise from a year earlier. Meanwhile, 50 businesses (14%) racked up losses of VND193 billion in quarter one, up nearly 68% against the same period last year. Industrial companies were the best performers as 104 enterprises generated VND949 billion profit, accounting for 31% of the total. The financial sector came second as 25 firms obtained VND898 billion in profit, making up 29.3% of the total. The hospitality sector ranked third with VND467 billion profit (15.2%) of 43 firms. Industrial businesses also took the lead … [Read more...] about HNX: Listed firms earn strong earnings in Q1
HNX Gets VND554 Bln from Public Auctions in July
HNX Gets VND554 Bln from Public Auctions in July In July 2016, the Hanoi Stock Exchange (HNX) held a total of five public auctions with three out of five sessions selling out 100 per cent of shares offered. According HNX, a total of over 47.1 million shares were put up for auction in the five sessions, down 33 per cent from June. HNX received recorded 221 bidder registrations, both institutional and individual bidders. They placed bids for 122.3 million shares, exceeding 260 per cent of the volume offered. The initial public offering (IPO) of Viglacera Corporation had 178 bidder registrations. As a result, 36.2 million shares were sold, or 77 per cent of the shares offered, with combined proceeds of more than VND554 billion, VND120.8 billion higher than the starting price. On average, a session took over VND110.8 billion, up 14 per cent from June. In five IPOs, Vinh Yen Environment and Urban Services Joint Stock Company, Railway Material and Equipment Export Import Joint Stock … [Read more...] about HNX Gets VND554 Bln from Public Auctions in July
HOSE to build mutual index with HNX in 2016
Mr. Tran Van Dung, CEO of the Ho Chi Minh City Stock Exchange (HOSE), said that HOSE will build a mutual index between HOSE and the Ha Noi Stock Exchange, at a press conference on April 11. The mutual index plays an important role in attracting indirect investment capital from foreign investors as well as creating transparency and trustworthiness of the market in the eyes of foreign investors. Building a mutual index between HOSE and HNX is a policy of the State Securities Commission to provide favorable conditions for the country’s stock market.Accordingly, HOSE and HNX will sign a memorandum of collaboration on April 12. Under the plan, the two trading floors and securities companies will finish preparation for infrastructure in the third quarter of 2016 and the new index will be launched by the end of this year. This is considered as an essential step for the upcoming merger of the two trading floors. … [Read more...] about HOSE to build mutual index with HNX in 2016
HNX sells VND3.8 trillion of Government bonds in May
The Hanoitimes - The Hanoi Stock Exchange (HNX) held 24 auctions of Government bonds gaining over 3.8 trillion VND in May. Thu Minh … [Read more...] about HNX sells VND3.8 trillion of Government bonds in May