DGC expects profit to halve this year
HCMC – Duc Giang Chemicals Group JSC, whose DGC shares are traded on the Hochiminh Stock Exchange (HOSE), looks to obtain nearly VND10.9 trillion in revenue and VND3 trillion in profit after tax in 2023. The figures plunged by 24.7% and 50.3% compared to the 2022 results, respectively. The firm
Businesses prudent with financial targets
Gloomy business conditions are expected to continue through 2023, reflected in Vietnamese enterprises setting modest financial targets for the year Planning in caution Though PetroVietnam Ca Mau Fertilizer JSC saw a sharp spike in profit after tax in 2022, up 2.3 times against 2021 to over
Board member of DHC eyes higher stake
HCMC – Nguyen Thanh Nghia, a board member of Ben Tre-based Dong Hai Joint Stock Company, whose DHC shares are traded on the Hochiminh Stock Exchange (HOSE), has registered to buy more DHC shares. Nghia will acquire one million DHC shares from March 7 to April 5 to raise his stake in the company to
ITA remains on HOSE’s warning list
HCMC – The Hochiminh Stock Exchange (HOSE) has announced it would keep the ITA stock of Tan Tao Investment and Industry Corporation (ITACO) on its warning list. Last August, the bourse warned ITACO of its failure to disclose information as regulated. However, the firm has yet to tackle the issue
PLX to divest from PG Bank
HCMC – The Vietnam National Petroleum Group (PLX) has announced it will auction off its entire stake in the Petrolimex Group Commercial Joint Stock Bank (PGB). It will put up 120 million PGB shares, or a stake of 40% in the bank, for auction on the Hochiminh Stock Exchange (HOSE), with a reserve
Louis Capital’s senior executives face ouster
HCMC – Louis Capital JSC (TGG) has announced it would call for the dismissal of four board members and three supervisory board members at the upcoming general meeting of shareholders. The four board members who are facing removal are Nguyen Mai Long, Trinh Van Bao, Ngo Thuc Vu, and Cao Ba Trung,
Hung Thinh Incons delays dividend payment again
HCMC – Hung Thinh Incons JSC (HTN) will delay the 2021 dividend payment until 2024, according to the firm’s recent announcement. The decision aims to secure enough cash for the firm’s business operations, so the new payment date is July 1, 2024, it said. This is the third time HTN has revised its
Chance for market upgrade
Is the fact that foreign investors, especially those ETFs (Exchange Traded Funds) specializing in emerging and frontier markets, have been net buyers since last year a sign that Vietnam’s stock market is approaching an upgrade? Net buying despite market correction Though the local stock market has
SeABank increases charter capital
HCMC – Southeast Asia Commercial Joint Stock Bank, or SeABank, which trades its SSB shares on the Hochiminh Stock Exchange, raised its charter capital from VND19.8 trillion to over VND20.4 trillion after a share issue under the 2022 employee stock ownership plan. VND594 billion worth of shares
AGM to disband one subsidiary, sell another
HCMC – An Giang Import-Export Company has passed a resolution to disband its subsidiary, Angimex Food Purchasing Company, and sell another subsidiary, Dong Thap Agricultural Development Service Company (DASCO). Financial difficulties prompted the firm to adopt this resolution. Besides, the move is
PNJ reports higher revenue in Jan
HCMC – Phu Nhuan Jewelry Joint Stock Company, which trades its PNJ shares on the Hochiminh Stock Exchange, has announced its January business results, with its net revenue expanding 18.8% year-on-year at VND4.13 trillion. The HCMC-based firm also posted VND302 billion in after-tax profit, up 11.8%
FLC shares to move to UPCoM
HCMC – FLC Group will move its shares to the Unlisted Public Company Market (UPCoM) on Wednesday, February 22, according to the Vietnam Securities Depository (VSD). Although the Hochiminh Stock Exchange has delisted FLC shares for failure to disclose information as required, the firm is still a