stock market
The Stock Market category covers market trends, stock indices, corporate earnings, and investor sentiment. It explores regulatory changes, foreign investment, macroeconomic influences, and capital market developments, providing insights into equities, bonds, and overall financial market performance.
Century Synthetic Fiber Corporation: Vietnam Stock Overview
In the first half of 2024, STK’s revenue declined by 18.2 percent year-over-year to US$23 million due to lower sales. In response, STK stopped a number of machines and instead focused on reducing excess inventory. The company also recorded a net loss of US$2.2 million reportedly due to a surge in financial expenses, the result of unrealized exchange rate losses of US$1.7 million on a US dollar-denominated loan used to invest in a new factory…
Vietnam stock exchange pre-funding requirements to be lifted for foreign institutions
Of note, the circular appears to only address foreign institutional investors and not foreign individual investors which account for about 42,446 registered trading accounts in Vietnam. Neither FTSE Russell or MSCI, however, appear to make a distinction between the two in terms of the need to remove pre-funding requirements. With this in mind, this latest announcement should be viewed with cautious optimism…
Mobile World (retail): Vietnam Stock Overview
In the first six months of 2024, MWG’s revenue increased by 15 percent compared to 2023 due to a broader economic recovery, stimulating consumer spending. Profit after tax also surged to US$84.1 million compared to US$1.6 million in the first half of 2023. This improvement was primarily driven by strategic restructuring efforts–the company laid off 5,936 workers and closed a bunch of underperforming stores…
SSI Securities Corporation: Vietnam Stock Overview
Despite positive business results in the second quarter of 2024, SSI shares experienced an 18 percent decline from April 1 to September 16. This downturn was attributed in part to broader market trends with the real estate sector underperforming and significant net selling by foreign investors…
Saigon Beer Alcohol Beverage Corporation: Vietnam Stock Overview
Notably, Sabeco is looking to acquire a majority stake in Saigon Binh Tay Beer Corporation, commonly known as Sabibeco Group, which produces beer under the Sagota brand. If Sabeco succeeds in taking control of Sabibeco, it would overtake Heineken as the largest beer producer in Vietnam…
Phu Nhuan Jewelry: Vietnam Stock Overview
Of note, Vietnam’s gold price exhibited a dramatic upward trend from the start of 2024, culminating in a peak of VND 92.2 million per tael or US$2,981.1 per troy ounce on May 11. This price represented a premium of approximately 20 percent compared to the global gold market at that time…
Asia Commercial Bank: Vietnam Stock Overview
In the first half of 2024, ACB’s total operating income and net profit rose by 5.5 percent and 4.7 percent year-over-year respectively. This positive growth was primarily attributed to a more stable macroeconomic environment and a rebound in credit demand. As a result, the stock price has risen by 21.2 percent from the beginning of 2024 to September 9…
PetroVietnam Fertilizer and Chemicals Corporation: Vietnam Stock Overview
It’s notable that domestic urea production capacity currently exceeds actual demand. While the annual domestic demand for urea is estimated to be between 1.6 and 1.8 million tons, domestic urea production capacity is approximately 3 million tons. To tackle this issue, large fertiliser companies like DPM are concentrating on growing their market share in NPK, a type of fertiliser that includes nitrogen, phosphorus, and potassium…
Vietjet Air: Vietnam Stock Overview
Moving forward, total demand for air passenger transport in 2024 is forecast to reach 84.2 million passengers, an increase of 15 percent compared to 2023. However, the aviation industry has been facing a shortage of aircraft due to a recall of Pratt & Whitney engines. VJC has had to temporarily ground 22 of its 85 aircraft for maintenance and repairs and this may last until 2025…
Vietnam Stock Reviews: Vietnam Rubber Group
GVR has earmarked industrial parks as a future growth driver as opposed to rubber. As the largest natural rubber producer in Vietnam, GVR owns 373,182 hectares of land in Vietnam and. In late 2023, the company received the Prime Minister’s approval for the conversion of nearly 25,000 hectares of this land to industrial parks…
REE Corporation: Vietnam Stock Overview
In the first half of 2024, REE’s revenue reached US$161.5 million, down 11.5 percent year-on-year. This is partly due to the El Niño phenomenon which has seen drought-conditions in parts of Vietnam, reducing water in hydropower catchments. Additionally, a government policy prioritizing coal-fired thermal power plants to conserve water during the dry season has limited hydropower’s participation in the electricity market…
Electronics Retailer Digiworld: Vietnam Stock Overview
As the core business of Digiworld, the electronic devices segment has been challenged by declining demand and intense competition–in the broader market, electronics retail chains like FPT Shop and Mobile World, have also closed a number of underperforming stores. With this in mind, Digiworld has implemented a horizontal development strategy, which involves adding new brands and entering new industries through mergers and acquisitions…
Vinh Hoan (seafood): Vietnam Stock Overview
Vinh Hoan, listed on the Ho Chi Minh Stock Exchange under the ticker VHC, is a leading Vietnamese seafood company. Established in 1997, it has become one of the world’s largest pangasius exporters, with a strong presence in the US and Europe…
Gelex Electric: Vietnam Stock Overview
Of note, in August 2024, 300 million shares in Gelex Electric were officially listed on the Ho Chi Minh Stock Exchange under the ticker GEE. Previously, the stock had been traded on the Unlisted Public Company Market…
Vietnam Stock Reviews: Khang Dien (real estate)
In the first half of 2024, KDH’s revenue declined by 3.5 percent, and profit dropped by 32.5 percent compared to 2023. That said, Khang Dien has two major projects slated for sale in the fourth quarter of 2024, including the Emeria & Clarita—low-rise housing and apartment developments in Thu Duc City, co-developed with Singapore’s Keppel Land, featuring 200 townhouses, villas, and 600 apartments. As these projects are completed and launched, business results are expected to improve.
Vietnam Stock Review: Techcombank
In 2023, pre-tax profit and total operating income went on to decline by 10.5 percent and 1.2 percent year-over-year, respectively, mostly due to rising interest costs on deposits outpacing income from lending. This was common among many banks that had aggressively mobilized capital at high interest rates in late 2022 but subsequently struggled to lend after the housing bubble bursting in October of that year. That said, 2023 was a better year, with the stock price rising 45 percent from November 2022 to December 2023.
Delistings grow for Vietnam’s key stock exchange
Delisted stocks are moved to the Hanoi Stock Exchange or Unlisted Public Companies exchange, but trading on these platforms can be risky. Due to limited information and a smaller trading pool, they can be more susceptible to speculation and price volatility. This can make it challenging to accurately assess a company’s value and increase the risk of investment losses.
Vietnam Stock Reviews: TNG (textiles and garments)
The textile and garment industry is projected to continue growing in the second half of 2024, however, gross margins are expected to remain under pressure. The 6 percent increase in the minimum wage in Vietnam starting in July 2024, coupled with difficulties in raising product prices because of competition from rival countries, will likely hinder margin growth.
Vietnam Stock Reviews: Masan Group (consumer goods)
As of the second quarter of 2024, Masan Group’s net revenue was up by 8.2 percent year-over-year, driven by its core retail consumer businesses. This was in part credited to Masan Consumer Corporation, which trades under ticker MCH on Vietnam’s Unlisted Public Companies stock market…
Vietnam Stock Reviews: FPT Corporation (technology)
While the company’s fundamentals are strong, the current high valuation warrants a cautious approach in the short term. Investors with a long-term horizon may find FPT to be an attractive investment opportunity, but they should carefully consider the potential risks before making a decision…
In today’s Vietnam news: GS TL on AI, Saigon Economic Times last issue, Fuel prices cut, Vinhomes issuing more bonds, Counterfeit Korean cosmetics store,
In today’s Vietnam news: Power supply imports, Hanoi boulevard project protests, Antidumping duties coming for boxes, Maersk container terminal project Hanoi, Vinpearl foreign investment,
In today’s Vietnam news: Credit limits removed for some major projects, Estonian web security company market entry, Vingroup’s Vuong becomes major shareholder LP Bank,
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It