The market opened in the negative zone in early trading, however the recovery of major blue chips lifted the index by the end of the morning.The largest listed stock, Vinamilk (VNM), increased 2.7 per cent and PV Gas (GAS) grew 1.4 per cent.Overall, 15 of the top 30 largest shares by market value and liquidity gained value and 13 declined.Significant gainers also included insurer Bao Viet Holdings (BVH), Masan Group (MSN), Mobile World Group (MWG), Novaland Investment Group (NVL) and FLC Faros Construction (ROS).On the negative side, many blue chips continued on the downtrend trend, such as brewer Sabeco (SAB), Vietcombank (VCB), Coteccons Construction (CTD) and steelmaker Hoa Phat Group (HPG), all falling by over one per cent.In contrast, the HNX-Index on the Ha Noi Stock Exchange was down 0.4 per cent at 114.07 points.A total of 141 million shares worth a combined VND3.2 trillion (US$140.4 million) were traded on the two markets by the end of morning trade.Afternoon trade starts at … [Read more...] about Vinamilk, PV Gas lift VN-Index
Vinamilk
Viettel, Vinamilk, VNPT most valuable brands in Vietnam
Military-run mobile network operator Viettel has been ranked the most valuable brand in Vietnam this year, followed by dairy firm Vinamilk and telecommunications company VNPT, according to a local trade promotion agency.The Vietnam Trade Promotion Agency, under the Ministry of Industry and Trade, and Brand Finance, an independent branded business valuation consultancy, announced the latter's own rankings at a forum on Monday morning.Viettel led the list of Vietnam’s Top 50 Brands for 2017, with its brand valued at US$2.5 billion.Vinamilk, last year’s front-runner, placed second, valued at $1.4 billion.Vietnam Posts and Telecommunications Group (VNPT) came third with $726 million worth of brand value, followed by Vinhomes, the real estate subsidiary of conglomerate Vingroup, at $604 million, and the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) at $598 million.According to Samir Dixit, managing director of Brand Finance Asia Pacific, the total value of the top 50 brands … [Read more...] about Viettel, Vinamilk, VNPT most valuable brands in Vietnam
Sabeco, Vinamilk fuel VN-Index
Twenty-five of the top 30 largest stocks by market value and liquidity on the HCM Stock Exchange gained value and only three tumbled.The largest-listed company, Vinamilk (VNM), climbed 4.5 per cent this morning, while brewer Sabeco (SAB) increased 2.1 per cent to VND341,000 (US$14.96) per share, following information that the Ministry of Industry and Trade will auction 53.59 per cent of the brewer’s capital on December 18.Saigon Securities Inc (SSI) and steelmaker Hoa Sen Group (HSG) both rallied over five per cent, while VinGroup (VIC) and Sacombank (STB) rose by over two per cent each.Strong capital inflow fueled investors’ excitement on small- and mid-cap stocks.Overall market condition was positive with 160 stocks advancing, 100 falling and 86 remaining unchanged.Over 149 million shares worth nearly VND3.3 trillion ($144.7 million) were traded on the southern market.On the Ha Noi Stock Exchange, the HNX-Index was up 0.45 per cent at 116.01 points with nearly 59 million … [Read more...] about Sabeco, Vinamilk fuel VN-Index
Vinamilk gobbles up KSC to rename it Vietsugar
This company was established in 1989 with Dien Khanh sugarcane factory with the initial capacity of processing 100 tonnes of sugarcane per day. Subsequently, it was renamed Khanh Hoa Sugar JSC (KSC) in 1995.On November 28, 2017, Vietnam Diary Products JSC (Vinamilk) launched Vietsugar after acquiring KSC to complete its materials supply chain.On November 22 KSC tripled its charter capital, rising it from VND42.1 billion ($1.85 million) to VND120.3 billion ($5.3 million). Vinamilk holds 65 per cent of KSC’s share capital, equivalent to 7.82 million shares bought at VND127,878 ($5.62) per share. Accordingly, the company is valued at VND1.538 trillion ($67.6 million).Vietsugar can now process 10,000 tonnes of sugarcane and refine 1,500 tonnes of raw sugar per day. This will rise to 15,000 tonnes of sugarcane and 2,000 tonnes of raw sugar per day.Vietsugar products are processed directly from sugarcane by a new automated technology line. This production line was supplied by … [Read more...] about Vinamilk gobbles up KSC to rename it Vietsugar
Vinamilk enters domestic sugar industry
In a move to ensure sufficient raw material for business expansion, Vinamilk this year has spent nearly VND1 trillion (US$44 million) on acquiring a 65% stake of the Khanh Hoa Sugar Co and changing its name into Vietsugar. Representatives of Vinamilk said that Vietsugar, which was launched from a strategic handshake between two long-standing companies in Vietnam’s food industry, will open a new direction for the local sugar industry by gradually helping sugarcane farmers in Khanh Hoa province and neighbouring localities improve their competitiveness and actively integrate into regional and global markets. Established in 1989, Khanh Hoa Sugar Co has a current production capacity of 1,500 tonnes of sugar each day and strives to raise its daily capacity to 2,000 tonnes in the future. … [Read more...] about Vinamilk enters domestic sugar industry