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Posts Tagged ‘returns’

Bull returns to Vietnam’s stock markets

In Uncategorized on December 16, 2010 at 10:07 am

Vietnam’s benchmark VN-Index jumped to 18-week high on December 13 as invetors rushed to buy on speculation that the rising trend would prolong.

The shares of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange shot up 3.63 percent, or 17.16 points, to close at 490.22 points.


On the benchmark, 234 stocks leaped forward, 16 dropped, while 26 treaded water.


Trading volume slightly fell over the previous trading session. Around 81.97 million shares changed hands at a value of VND1.9 trillion.


Petrovietnam – Idico Long Son Industrial Park Investment Joint Stock Company (PXL) topped the list of most active shares in volume with 4.46 million shares changing hands.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) chased after with 4.06 million shares, followed by Tan Tao Investment Industry Corporation (ITA).


Winners on the city bourse included Mien Trung Petroleum Construction Joint Stock Company (PXM), Construction Joint Stock Copany No 5 (SC5), and Tai Nguyen Corporation (TNT).


Food and cosmetics producer S.P.M Corporation (SPM) slashed 4.69 percent to VND61,000.


Viet Thang Aquafeed Joint Stock Company (VTF) declined for four consecutive days, erasing 4.67 percent to VND14,300.


Ca Mau Frozen Seafood Processing Import Export Corporation (CMX) adjusted 4.52 percent to VND14,800.


Meanwhile, the Hanoi’s HNX-Index rallied 4.61 percent, or 5.37 points, to close at 121.76 points. Around 53.15 million shares changed hands at VND1.07 trillion.


The UPCom-Index also added up by 0.32 points to 41.75 points this morning. A total of 577,200 shares changed hands at a value of VND5.8 billion.

Source: SGGP

Qantas jumbo jet returns to Sydney due to fault

In Uncategorized on November 15, 2010 at 6:54 am

Japan’s envoy to Moscow returns home over island row

In Uncategorized on November 3, 2010 at 5:13 am

Violinist Chau Giang returns home for performance

In Uncategorized on October 31, 2010 at 10:11 am

Renovated Mövenpick Hotel Saigon returns with grand opening

In Uncategorized on October 14, 2010 at 2:42 pm

Swiss hotelier Mövenpick on Thursday celebrated the grand opening of its Mövenpick Saigon, the nearest-to-the-airport five-star hotel, following a US$15 million renovation that included all rooms, public space, restaurants and retail outlets.


“Ho Chi Minh City is the second fastest growing city in the developing world, and that means business men and women are arriving here in droves, pretty much 24/7,” said Knuth Kiefer, General Manager Vietnam for Mövenpick Hotels & Resorts.

Andreas Mattmüller (C), Mövenpick Hotels & Resorts chief operating officer, Middle East and Asia, speaks at Thursday’s press conference for the Mövenpick Hotel Saigon grand opening, while the group’s President and CEO Jean Gabriel Peres (R) and Knuth Kiefer look on (Photo: Tuong Thuy)

Kiefer added,“The Mövenpick Hotel Saigon isn’t merely positioned at the heart of all this change, all this progress, all this energy. We are part of it.


“With these upgrades, we have kept pace in terms of amenity and technology while providing business and leisure travelers a respite from city life that is at once hip, serene and accommodating.”


He added, “Our guest rooms were designed to incorporate modern touches with ultimate comfort and conveniences for our guests.”


Mövenpick Hotels & Resorts President and CEO Jean Gabriel Peres also took part in the grand opening ceremony.


The Mövenpick Saigon is located on Nguyen Van Troi Street in Phu Nhuan District, within 10 minutes from Ho Chi Minh City’s Tan Son Nhat International Airport.

Cay Da Café at the Mövenpick Saigon

The renovation started in March this year, adding 27 new rooms and bringing the total to 278.


Kiefer presided over the 2008 renovation of Mövenpick’s sister property, the Mövenpick Hotel Hanoi, in the Vietnamese capital.


Andreas Mattmüller, Mövenpick Hotels & Resorts chief operating officer in the Middle East and Asia, said at a press conference for the grand opening that his group was eyeing Nha Trang, Da Lat, Hue, Da Nang and Hoi An to expand its presence in the country.


Completely closed on March 8 this year, the Mövenpick Saigon used the time to add key personnel and for staff education, with core training in hospitality essentials. The soft opening was on August 1.


Kiefer said, “In the five months leading up to the opening of the hotel, we have organized over 160 training classes for our employees in order to meet the expectations of our customers and to be in line with the modern new look of the hotel.”


The Mövenpick hotels here in Vietnam [in Hanoi and Ho Chi Minh City each] want to be known for the most attentive and personalized approach towards our customers and to provide true value for our guests,” he added.

Source: SGGP

Autumn Melody concert returns with many anxieties

In Uncategorized on August 12, 2010 at 11:24 am

The annual concert titled Autumn Melody 2010, featuring 17 young artists who study and work at home and abroad, will take place at the HCM City Opera House on August 18 and 19.

Dancers Hanayo Tukuyama and Pham Bao Trung (R) perform in the ballet “Don Quixote”  (Photo: Sggp)

Music lovers will have a chance to enjoy classical works and dances performed by Nguyen Manh Duy Linh, Nguyen Anh Son, Bui Cong Duy, Ho Dang Hoi, Vu Ngoc Khai, Ta Thuy Chi, Tran Nhat Minh, Pham Trang, Ngoc Tuyen, Ho Phi Diep, Tran Yen Nhi, Korean soprano Cho Hae Ryong and others.

Started in 2005, the Autumn Melody concert has received much support and contributions from hundreds of local and foreign artists.

It is regarded as a place for Vietnamese and foreign musicians to meet and exchange the latest in music news and where music lovers can have a great experience.

However, many financial difficulties have recently restricted the program to from expanding.

The organizational board can afford to finance homecomings for three famous musicians working abroad, so they may take part in this year’s music performance. Due to return home for the summer holiday, other young talents who are studying aboard will also participate in the concert. The remaining artists are musicians who reside in Vietnam.

Experts said that the concert often costs around VND800 million to one billion (US$40,000-50,000). The municipal People’s Committee supports VND300 million (US$15,000).

This year’s concert needs about VND600 million (US$30,000) more and is waiting for a support from the local government.

Director of the HCM City Ballet Symphony Orchestra and Opera Vo Dang Tin said that they will maintain the organization and quality of the concert and hope the event becomes an international music festival in the future.

The management board of the theater is also expecting a standard stage for classical music, which has been in the works for 10 years now.

Source: SGGP

ORBIS Flying Eye Hospital returns Vietnam

In Uncategorized on August 11, 2010 at 11:23 am

The ORBIS Flying Eye Hospital – the world’s only airborne ophthalmic surgical and training facility – returned to Vietnam’s central coastal city of Da Nang on August 10, to transfer ophthalmic surgical techniques as well training programs.

Eye experts of the Flying Hospital are conducting the first surgery (Photo: Courtesy of Orbis Vietnam)

From now to August 20, the hospital’s experts will provide treatment to 275 eye patients in Danang City and 200 people in the central province of Thua Thien – Hue in September.


Thirteen leading ophthalmic experts from the UK, the US, Canada and ten Laotian and Cambodian doctors, will deliver lectures to 41 ophthalmologists and nurses at Da Nang Eye Hospital.


In addition, around 100 ophthalmologists, 20 nurses and 15 technicians will receive online lectures from the Orbis Flying Eye Hospital’s surgery ward and will also receive hands-on instruction.


The Orbis Flying Eye Hospital arrived in Vietnam for the first time at Da Nang Airport in October 2006; this is their third visit to Da Nang City.

Source: SGGP

Cathay expands fleet as demand returns

In Uncategorized on August 4, 2010 at 11:20 am

HONG KONG, Aug 4, 2010 (AFP) – Hong Kong’s Cathay Pacific on Wednesday announced plans to buy 30 new airplanes for almost eight US billion dollars, underlining the carrier’s expansion as it reported strong first-half profit.


In a statement to Hong Kong’s stock exchange, Cathay said the total catalogue price for the Airbus A350-900′ would be approximately 7.82 billion US dollars.

Travellers walk past a Cathay Pacific check-in barrier at Hong Kong international airport on August 4, 2010. AFP

The planes, powered by two new generation Rolls-Royce Trent XWB (Xtra Wide-Body) engines, will form the backbone of the airline’s future mid-size widebody fleet and can be used for non-stop flights to Europe and North America.


The carrier said it also intended to exercise existing purchase rights for six Boeing 777-300ER aircraft with a catalogue price of about 1.61 billion US dollars.


The news came as Cathay separately announced its net profit for the first half of 2010 had soared eight-fold to 6.84 billion Hong Kong dollars (880 million US) thanks to robust passenger and freight demand.


“Our passenger and freighter schedules have been restored almost to their pre-downturn levels,” chairman Christopher Pratt said in a statement.


Cathay’s passenger business experienced a “marked improvement from the lows of 2009 with revenues returning to almost pre-financial crisis levels,” he said, noting a particularly sharp increase in demand for business travel originating in Hong Kong.


Pratt said Cathay would continue to strengthen its fleet by adding modern, fuel-efficient aircraft.


The airline is set to take delivery of 12 Boeing 777-300ER passenger aircraft between now and 2013, having added four planes of the same model to its fleet in the first-half of this year, he said.


Cathay has also added Milan and Moscow as its new passenger destinations this year.


Pratt said cargo business had been very robust for the whole of the first half.


“We will significantly increase the operational efficiency of our freighter fleet when we begin taking delivery of a total of 10 Boeing 747-8Fs in January next year.”


Cathay’s share price jumped 2.99 percent to 17.90 Hong Kong dollars following its earnings announcement.


Pratt said the company expected financial results to stay strong in the second half of 2010, subject to further increases in fuel prices or any return to recessionary economic conditions.


The airline swung back to profit in 2009 after suffering a massive net loss of 8.6 billion Hong Kong dollars in 2008 on the back of huge fuel hedge losses and falling cargo revenue amid the global financial crisis.

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Source: SGGP

China returns rescued Conson victims to Vietnam

In Uncategorized on August 2, 2010 at 7:18 am

China returned 23 Vietnamese fishermen it rescued during Typhoon Conson to Vietnam on August 1.

Several of the 23 Vietnamese victims of Typhoon Conson returned by China to Vietnam on August 1 (Photo: DaT Viet)

The hand-over was made at the Mong Cai International border gate, in Mong Cai City, Quang Ninh Province.


Of these victims, 10 came from Quang Nam Province, 11 from Khanh Hoa Province, and two from Ninh Thuan Province.


All of them were in relatively good health when handed over to Vietnam.


They were caught in the tropical storm Conson on July 18 and 19 while fishing on five boats before being saved by a Chinese search and rescue team. Afterward, they stayed in Sanya City, Hainan Province, China.


Vietnam’s agencies concerned are carrying out necessary procedures to return them to their homes.

Source: SGGP

Bear returns to Vietnam’s stock markets

In Uncategorized on July 22, 2010 at 7:16 am

Movements of VN-Index on July 22. (Photo: vietstock.vn)Stocks on the Ho Chi Minh Stock Exchange fell the third day July 22, as global markets tumbled after Federal Reserve Chairman Ben S. Bernanke said the U.S. economic outlook remains “unusually uncertain.”

The VN-Index, which tracks 247 companies and four mutual funds, slumped 1.01 percent, or 5.12 points, to finish at 500.28.


On the index, only 26 stocks advanced, 183 dropped, and 42 remained unmoved.


Trading volume on the market remained above 50 million shares, approximately VND1.46 trillion.


Pomina Steel Corporation (POM) declined 11.24 percent to VND37,900. The company will pay 2009 dividends in cash, with a ratio of 5 percent, on August 13, and by shares with a 15 percent ratio. It will issue 24.45 million additional shares, worth VND244.5 billion, increasing its chartered capital to more than VND1.87 trillion from VND1.63 trillion.


Techno – Agricultural Supplying Joint Stock Company (TSC), located in the Mekong delta city of Can Tho, lost 5 percent to VND26,600.


From July 22 to September 22, Pham Van Hung, brother of Pham Van Tuan – chairman of Techno – Agricultural Supplying Joint Stock Company (TSC), registered to buy 10,000 shares and sell 11,000 shares, sending his holdings to 5 shares, to balance his finances.


Dat Xanh Real Estate Service & Constructions Corporation (DXG) slipped 4.99 percent to VND40,000.


Vietnam Electricity Construction Joint Stock Corporation (VNE), which saw 2.36 million shares change hands, was the most active share in volume today.


Ocean Group Joint Stock Company (OGC) followed with 2.12 million shares.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) came in third with 1.87 million shares.


Among the few gainers, Ho Chi Minh City Metal Corporation (HMC) climbed for the second day, closing up 4.95 percent to VND23,300.


Between June 14 and July 7, Pham Thi Lien, deputy general director of Ho Chi Minh City Metal Corporation (HMC) sold 107,500 shares, reducing her assets to 7,000 shares, accounting for 0.03 percent of the company’s chartered capital, for personal needs.


Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) surged 4.86 percent to VND47,500.


Ha Tien Transport Joint Stock Company (HTV) prolonged its winning streak for the sixth consecutive day, adding 4.76 percent to VND28,600.


HNX-Index closed on a low note for the fourth straight day, eroding 1.29 points, or 0.81 percent, to 157.68. Liquidity fell sharply, to 37.93 million shares, worth VND1.1 trillion.


The UPCoM-Index also lost 1.33 points this morning. A total of 490,270 shares were traded, at VND9.62 billion, as of 11 am local time.

Source: SGGP