EU finance ministers were working on a deal to use the eurozone's 410-billion-euro ($447 billion) bailout fund to fight the virus but the bloc remains divided on pooling debt to issue "coronabonds." … [Read more...] about Trump threatens to cut WHO funding, China lifts Wuhan travel ban
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Last weekend, the stock market was covered by negative information, especially the situation of mortgage lien release, including real estate stocks. Firstly, on March 23, HDB Securities Company announced it would lift the mortgage of 3 million ROS shares of Mr. Trinh Van Quyet from March 24. Right after the announcement, FLC Group said that money had been added to the brokerage account of Mr. Trinh Van Quyet. Therefore, HDB Securities Company terminated the mortgage lien release on ROS shares. However, information about mortgage lien release still massively appeared at the end of March when the market plummeted continuously. On March 30, Hoa Phat Joint Stock Company denied the information that the Bank for Foreign Trade of Vietnam (Vietcombank) sold 100 million shares of HPG mortgaged by Mr. Tran Dinh Long, Chairman of the Board of Directors of Hoa Phat Group. Accordingly, the medium and long term contract between Hoa Phat Group and Vietcombank already had collateral. The mortgage of … [Read more...] about Stock market receives positive breeze
Through this transaction, the involved international commercial banks also showed trust in Novaland’s strategy, with a focus on three key product lines, including residential projects in Ho Chi Minh City, satellite townships, and hospitality real estate projects based on a total landbank of nearly 5,000 ha, which is sufficient for the Group to develop in the next 10-15 years. … [Read more...] about Novaland attractive to foreign investors, why?
All but two tickers in the banking sector were in the red this session. Mid-sized banks were at the deeper end of the losing pool, with VPB of private VPBank, EIB of private Eximbank and MBB of state-owned Military Bank dropping 2.8 percent, 1.9 percent and 1.6 percent respectively. … [Read more...] about VN-Index edges up in sixth straight gaining session
On Wednesday, the pillar stocks witnessed strong differentiation with gainers were real estate developer Vinhomes (VHM) (up 6.1 per cent), Bank for Investment and Development (BID) (rising 2.6 per cent), Masan Group (MSN) (up 2.4 per cent) and PVPower (POW) (up 6.9 per cent). … [Read more...] about Shares rebound on increasing demand but worries remain