Markets

  The Airports Corporation of Viet Nam (ACV) has targeted earning VND19.1 trillion (US$820 million) in revenue and VND8.2 trillion ($355 million) in pre-tax profit in 2019, representing year-on-year increases of 7 per cent and 9 per cent. — Photo tbck.vn The Airports Corporation of Viet Nam (ACV) has targeted earning VND19.1 trillion (US$820 million) in revenue and VND8.2 trillion ($355 million) in pre-tax profit in 2019, representing year-on-year increases of 7 per cent and 9 per cent. ACV holds a positive view of the growth trajectory of the Vietnamese air transport market thanks to the participation of new domestic airlines and the addition of international flights to Phu Quoc, Phu Yen and Phu Cat, said ACV General Director Vu The Phiet at the company’s 2019 Annual General Meeting of Shareholders in HCM City on Saturday. However, the company is expected to encounter some difficulties related to competition from the private sector, policies on flight zones, … [Read more...] about Airports Corporation of Viet Nam aims for 9% higher profit

Liquidity remained low with more than 68 million shares traded on the southern bourse, worth VND1.47 trillion (US$63 million). — Photo ndh.vn Vietnamese markets had a good start on Monday morning but cash flow was still weak making liquidity low. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.58 per cent to close at 964.75 points. The VN-Index increased by total of 0.58 per cent last week. Liquidity remained low with more than 68 million shares traded on the southern bourse, worth VND1.47 trillion (US$63 million). Many blue chips such as Phu Nhuan Jewelry (PNJ), Vietnam National Petroleum Group (PLX), PetroVietnam Power Corporation (POW), Bao Viet Holdings (BVH), FPT Corporation (FPT), Vietinbank (CTG) and Bank for Investment and Development (BID) dropped due to the weak demand, putting pressure on the market. Gainers in the morning included Vinhomes (VHM), Vingroup (VIC), Vietjet Air (VJC), Mobile World Group (MWG), Vincom Retail (VRE), Vietcombank (VCB) and … [Read more...] about Shares gain but demand remains weak

A visual technology produced by FPT Corporation displayed at the group's 30th anniversary in September 2018. Technology remained the driving force that boosted the group's earnings by a fifth in the first five months of 2019. — VNA/VNS Photo Trong Dat Revenue and pre-tax profit in the first five months of the year gained 20-22 per cent year-on-year, tech group FPT has reported. Revenue in the first five months reached VND9.96 trillion (US$428.3 million) and pre-tax profit hit VND1.72 trillion, FPT said in a filing sent to the Ho Chi Minh Stock Exchange. The figures were equal to 103 per cent and 112 per cent of the firm’s targets for 2019. The firm also recorded higher profit margin than last year at 17.3 per cent in the first five months, up from last year’s 17 per cent. The technology and telecommunications divisions remained the driving force for the company’s improvement. Revenue and pre-tax profit in the tech division were up 24 per cent and 45.3 per cent … [Read more...] about FPT posts five-month gains

Vietnamese stock market became quiet on Friday morning as investors were waiting for the finalised quarterly portfolio reviews of exchange-traded funds (ETFs) later in the day. — Photo cafef.vn Vietnamese shares gained at a slower pace on Friday morning amid quarterly portfolio reviews of exchange-traded funds (ETFs). The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.15 per cent to close at 960.60 points. The VN-Index gained as much as 0.24 per cent in early trade. The southern market index increased by 1.60 per cent in the previous two trading days. After having risen strongly in the previous two sessions, the Vietnamese stock market traded with caution as exchange-traded funds (ETFs) completed overhauling their investment portfolios for the next quarter. More than 70 million shares were traded on the southern bourse, worth VND1.53 trillion (US$66 million). Moderate trading liquidity suggested investors were waiting for the ETFs to finalise their decisions. … [Read more...] about VN stocks quiet as ETFs shake up profiles

Vietnamese shares advanced on Thursday morning as investors were upbeat following the Fed meeting. Photo tinnhanhchungkhoan.vn Vietnamese shares advanced on Thursday morning as investors reacted to the Fed’s future plan to lower its interest rates. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.89 per cent to close at 958.12 points. The VN-Index was up 0.60 per cent on Wednesday. More than 94.2 million shares were traded on the southern bourse, worth VND2 trillion (US$86 million). Local stocks followed the upward trend of global markets as investors were upbeat after Fed officials late Wednesday said they supported future rate cuts. Rate cuts by the US central bank Fed are expected to boost the global economy after it has been rocked by the US-China trade war. Large-cap stocks were the driving force of the Vietnamese stock market in the morning. The large-cap VN30-Index increased by 1 per cent to end at 862.87 points. Twenty-four of the 30 largest stocks by … [Read more...] about VN stocks positive following Fed meeting