Cash flow tended run into industrial real estate stocks and construction stocks such as Investment and Construction Development Joint Stock Corporation (DIG), Dat Xanh Group (DXG), Hoa Binh Construction and Real Estate Corporation (HBC), Ha Do Group JSC (HDG), Tu Liem Urban Development (NTL) and Phat Dat Real Estate Development Corporation (PDR). … [Read more...] about Shares struggle to stay positive, real estate stocks spur market
Ho chi minh stock exchange
Varying forecasts for stock market, plenty of opportunities for investors
Market analysts and securities companies have varying forecasts for the stock market this week, saying investors should eye potential stocks at reasonable prices. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 0.02 per cent to close Friday at 888.97 points. … [Read more...] about Varying forecasts for stock market, plenty of opportunities for investors
HDBank keeps foreign ownership cap at 21.5%
Amid the COVID-19 pandemic, rating agency Moody’s has kept its B1 rating for HDBank, acknowledging that the Vietnamese lender has progressed well to improve the quality of assets and capital competency, and make sustainable profitability. … [Read more...] about HDBank keeps foreign ownership cap at 21.5%
Shares sink on selling pressure
On a sector basis, 23 out of 25 sector indices on the stock market lost ground, including real estate, energy, healthcare, insurance, banking, securities, information and technology, food and beverage, construction, construction materials, rubber production, retail and wholesale. … [Read more...] about Shares sink on selling pressure
Foreign ownership cap raised at Techcombank
HCM City (VNA) – The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has decided to raise the foreign ownership cap from 22.4951 percent to 22.5076 percent of its charter capital. The move aimed to enable its foreign employees to purchase 439,000 shares of the bank, coded TCB, via share transfers, according to the Ho Chi Minh Stock Exchange. At the end of the September 7 trading session, TCB was traded at 21,200 VND (0.9 USD) per share. As a result, the 439,000 shares were valued at some 9.3 billion VND. Earlier, at its annual shareholders’ meeting, Techcombank had agreed to raise its charter capital from over 35.001 trillion VND to 35.049 trillion VND by issuing more than 4.7 million shares to employees. This plan is expected to be carried out in the third or fourth quarter of 2020. The firm said providing employees with bonus shares is an important policy helping to promote its internal strength and staff’s loyalty. Techcombank posted 6.7 … [Read more...] about Foreign ownership cap raised at Techcombank
