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Posts Tagged ‘chips’

Blue chips on OTC market remain good investments

In Uncategorized on December 16, 2010 at 10:08 am

Despite most of shares on the official stock markets slumping, some on the over-the-counter market, known as OTC, remain bullish thanks to their healthy earning rate, brokers said.

Some blue chips with good earning reports remain at high prices on the OTC market, while most of shares on the official markets decline (Photo:Minh Tri)

Among winners on the OTC market are unlisted companies in retail sector, with a limited amount of issued shares.

The pillow maker Everpia Vietnam (EVE), known as Everon, made a high net profit of VND90 billion (US$4.5 million) from a revenue of VND490 billion in the first 11 months of the year. The profit is equal to 92.8 percent of 2010’s target.

Analysts expect the firm’s profit will likely to be more than VND100 billion ($5 million) thanks to a strong demand for cushions, blankets and pillows at yearend.

The Hanoi-based company will list more than 15 million shares at the starting price of VND55,000 per share on the Ho Chi Minh Stock Exchange on December 17th, according to a report on the bourse’s website.

Everon, which Korean investors hold more than 49 percent stake, is one of the biggest pillow maker in Vietnam with more than 25 percent market shares. The firm’s share price closed at VND43,330 on the OTC market with this year’s price-on-earnings ratio of 8x.

Another blue chip on the OTC market is the alcohol producer Halico, which earned around an after-tax profit of VND100 billion last year.

The Hanoi-based firm announced it would pay this year’s dividend rate of 94.33 percent, of which shareholders will get 10 percent in cash and the remainders in shares.

Halico made a net profit of VND87.45 billion ($4.4 million) from a revenue of VND594 billion in three quarters of the year. The liquor maker’s share price is VND81,430 with an earnings-per-share rate of VND4,372 for one share.

The firm’s listing plan on the Ho Chi Minh Stock Exchange this year was changed to next year as the stock market is gloomy.

The biggest fish source supplier Massan Food is exchanging hands at a high price of VND90,000 with low trading volume, brokers said.

The Noi Bai Cargo Terminal Service JSC (NCTS) remained unchanged at VND50,000 per share for many days as the firm announced it would raise the dividend rate this year to 100 percent from 75 percent.

The Hanoi-based company also raised its projected pretax profit by 37 percent to VND133.3 billion ($6.7 million) this year.

Trading on the OTC market remained quiet as investors are hesitate to sell shares with good earning reports, brokers said. “They are patiently waiting for a strong recovery on the market,” said a broker, who asked not to be named.

Source: SGGP

Penny chips buoy investor confidence

In Uncategorized on October 25, 2010 at 1:35 pm

Movements of VN-Index on October 25. (Photo:’s benchmark VN-Index, a gauge of 264 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, unexpectedly swam upstream on October 25 as penny-chip stocks revived, enhancing investors’ bullish sentiment.

The index finished at 448.61 points, gaining 3.4 points, or 0.76 percent.

However, liquidity on the city bourse slightly improved over the previous session. Around 28.6 million shares traded at VND735.21 billion, an increase of 5.94 percent in volume and 20.31 percent in value.

On the benchmark, 154 stocks gained, 48 dropped, while 67 treaded water.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) topped the list of most active shares in volume with 1.14 million shares changed hands. It was the only stock whose trading volume was above 1 million shares today.

Ocean Group Joint Stock Company (OGC) took the second rank with 829,070 shares traded.

Saigon Securities Inc. (SSI), the country’s largest brokerage, tagged along with 671,750 shares.

Camau Trading Joint Stock Company (CMV) advanced the first time after stalling for two trading sessions, jumping the daily maximum allowed limit of 5 percent to trade at VND27,300.

OPC Pharmaceutical Joint-Stock Company (OPC) climbed 4.99 percent to VND40,000.

Nari Hamico Minerals Joint Stock Company (KSS) curbed it five-consecutive-trading-session losing streak, shooting up 4.96 percent to VND27,500.

H.A.I Joint Stock Company (HAI) eroded 4.92 percent to trade at VND29,000.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) stumbled 4.91 percent to VND40,700.

Manulife Progressive Fund (MAFPF1) declined 4.76 percent to VND4,000.

The Hanoi’s HNX-Index edged up 0.45 points, or 0.4 percent, to 111.77 points. Trading volume severely fell over the previous day as just 20.7 million shares changed hands at VND400 billion.

The UPCoM-Index inched up 0.01 points to 42.9 points. A total of 232,200 shares were traded at a value of VND3.87 billion as of lunchtime.

Source: SGGP

Rise of penny chips keeps market climbing

In Uncategorized on June 18, 2010 at 4:44 am

Vietnam’s benchmark VN-Index inched up on June 14 as penny-chips rallied, helping the market maintain its rising momentum.

The index of 236 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange finished at 508.32, climbing 0.8 percent, or 4.03 points.

Among the index members, 141 advanced, 55 declined, while 44 remained unchanged. More than 46 million shares, worth VND1.23 trillion, changed hands.

The Hanoi-based Ocean Group Joint Stock Company (OGC) was the most active share in volume with 2.91 million shares traded, followed by Refrigeration Electrical Engineering Corporation (REE) with 1.47 million shares.

From June 17 to August 17, FPT Capital, a major shareholder of OGC, registered to sell 2 million shares, reducing its holdings to 18,222,222 shares, to restructure investment category.

The Dong Hai Joint Stock Company of Ben Tre (DHC) followed next with 1.4 million shares changing hands. The company closed the day up the daily maximum allowed limit of 5 percent to VND23,100.

The Cu Chi Commercial and Industrial Developing Investment Joint Stock Company (CCI) rose 4.98 percent to VND29,500.

The Ocean Group Joint Stock Company (OGC) and the Idico Urban and House Development Joint Stock Company (UIC) gained 4.96 percent to VND38,100 and VND44,400 respectively.

The Van Phat Hung Corporation (VPH) and the Sai Gon Telecommunication & Technologies Corporation (SGT) and Materials – Petrolium Joint Stock Company (COM) were among the losers on the city bourse.

An increase of 1.53 points, or 0.97 percent, wasn’t enough to push the Hanoi’s HNX-Index return to 160 points. Thus, the northern market closed at 159.76 points.

Liquidity on the market improved by 20 percent over last week, posting trades of 33.3 million shares worth VND1.05 trillion.

In contrast, the UPCoM-Index of unlisted stocks lost 0.29 points to fall to 45.38, as of 11:15 am local time. Around VND3.2 billion was spent to trade 197,323 shares.

Globally, most Asian stocks rose, lifted by Friday’s mild gains on Wall Street.

Japan’s Nikkei 225 Index advanced 1.56 percent. Korea’s Kospi Index inched up 0.76 percent. China’s Shanghai Composite Index went up 0.29 percent.

Source: SGGP

Blue chips continue downward spiral

In Uncategorized on September 11, 2008 at 9:42 am

Hanoi (VNA) – Significant purchases of blue chips occurred at the beginning of Sept. 10 session which made the VN-Index fall by 2.10 percent to close at 514.45 points.

Some blue chips on Sept. 10 recorded a bounce, including PetroVietnam Drilling (PVD), Kinh Do Corporation (KDC), and Vietnam Dairy Products – Vinamilk (VNM).

”Substantial purchase of big stocks at the beginning of Sept.10 session contributed to their rebounding. It also turned a potential crash of the VN-Index into a slight decline,” said broker Nguyen Hoang Hai at An Binh Securities.

Hai also said that a massive sale of big stocks mid-session swept away all attempt to warm up large stocks.

”As a result, most blue chips continued to slip and the VN-Index stayed down,” Hai added.

Blue chips that suffered the biggest losses included Imexpharm Pharmaceuticals (IMP), Binh Dinh Minerals (BMC), and Financing and Promoting Technology (FPT).

In the market as a whole, 26.15 million shares changed hands, generating a turnover of 860.89 billion VND (52.18 million USD).

In the Hanoi Securities Trading Centre, the HASTC-Index made a consecutive downturn on Sept. 10, slipping 0.94 percent to 175.19 points. The centre saw 12.99 million shares transacted on the day with a total revenue of 540.88 billion VND (32.78 million USD).-