Strategy to invest in oil and gas stocks based on trend of worldwide prices, illustration photo At a talk show on selecting stock portfolios organised by VIR last week, Hoang Viet Phuong, director of Analysis at SSI Securities, said that liquidity has decreased considerably over the past few weeks, sparking concerns about cash flow. “There has been an obvious decline in the participation of investor groups who speculate or manipulate stocks. Secondly, investors have become more hesitant and worried about the risks in the stock market following its recent dip,” Phuong said. As the VN-Index surpassed the 1,200-point mark, experts have predicted that the market will undergo fluctuations, presenting certain difficulties to investors, especially short-term ones. “We expect the market to go sideways in anticipation of a recovery in the market,” Phuong said. In the third quarter, sectors related to commodity prices or supply chain disruption – such as oil, gas, and marine logistics … [Read more...] about Strategy to invest in oil and gas stocks based on trend of worldwide prices
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Over 1.6 billion shares could enter market in July
Steel wire rod products stored in a warehouse of Hoa Phat Group. — Photo hoaphat.com.vn Stock dividend is a common form on the stock exchanges and after each payment, a large amount of shares are pumped into the market. In July, it is estimated that the market may receive more than 1.6 billion shares. Notably, 1.34 billion shares of Hoa Phat Group (HoSE: HPG) will be issued to shareholders on July 20. The issuance is to pay 2021’s dividends at the rate of 30 per cent. Once it is completed, the total circulation of HPG Shares will increase to 5.8 billion units, the largest on the stock exchange. Previously, on June 20, the steel producer closed the final registration for a list of shareholders receiving cash dividends at the rate of 5 per cent and stock dividends at the rate of 30 per cent. For cash dividends, more than VND2.2 trillion (US$95.6 million) will be transferred to investors' accounts on July 6. Another steel producer - Ton Nam Kim (HoSE: NKG) is also preparing … [Read more...] about Over 1.6 billion shares could enter market in July
HOSE announces list of top 10 securities companies
Investors watch stock prices on an electric board. — Photo vietnamfinance.vn The Ho Chi Minh City Stock Exchange has announced the top 10 largest securities companies this year. VPS Securities Joint Stock Company remained in top spot with a 17.59 per cent market share in the first half of the year though its second quarter share dipped marginally. SSI Securities Corporation continued to be in second position, but increased its market share from 9.66 per cent in Q1 to 10.02 per cent in Q2 to end the half with 9.81 per cent. VNDirect Securities Corporation remained in third place with 7.99 per cent during the year. In the top 10 Ho Chi Minh Securities climbed past Techcom Securities JSC to fourth position in Q2, with their half-year market shares being 5.58 per cent and 5.47 per cent, respectively. Mirae Asset, Viet Capital Securities JSC, MB Securities, KIS Vietnam Securities, and FPT Securities rounded off the top 10. In the year-to-date, especially since April, the … [Read more...] about HOSE announces list of top 10 securities companies
Two Thu Thiem land auction winners still fail to pay land-use fees
Specifically, by the morning of July 6, Dream Republic Joint Stock Company and Sheen Mega Joint Stock Company have not yet paid a total land-use fee of VND7.82 trillion to the tax agency. According to regulations, after the above deadline, the Ho Chi Minh City Auction Service Center will prepare documents to report the above results to the Department of Natural Resources and Environment and submit them to the People's Committee of HCMC on the cancellation of the auction results. According to regulations, if it is more than 180 days from the time the tax agency signed the notice, i.e., July 6, the auction winner still has not paid the land-use fee, the auction result will be canceled. At the same time, these two enterprises will not receive a total of VND319.2 billion of deposit (20 percent of the starting price). Previously on May 6, Thu Duc City Tax Department decided to coerce by deducting money from the bank accounts of these two enterprises. This decision is valid for 30 days. … [Read more...] about Two Thu Thiem land auction winners still fail to pay land-use fees