petrolimex loses coin toss on excess stock

Petrolimex loses coin-toss on excess stock

Large amounts of excess stock and low oil prices caused Vietnam National Petroleum Group (Petrolimex, HOSE: PLX), the number one petroleum distributor in Vietnam, to see lower profit in the second quarter of 2017 compared to the same period last year.
mekong capital to divest loc troi

Mekong Capital to divest Loc Troi

Shareholders of Loc Troi Group Joint Stock Company (Loc Troi) are raising concerns about the divestment of foreign shareholder Mekong Capital after the firm's listing on the Unlisted Public Company Market (UPCoM).
mystery company may continue gobbling up failing steel giant

Mystery company may continue gobbling up failing steel giant

Over the last few months, Thai Hung Trading Joint Stock Company (Thai Hung) repeatedly purchased huge numbers of Thai Nguyen Iron and Steel Corporation’s stocks (Tisco—Ticker TIS on HoSE, HNX, and UPCoM), and it is rumoured that it will continue expanding its ownership in Tisco.
loss making shipping company turns down real estate investors

Loss-making shipping company turns down real estate investors

Despite continuous losses for many years, Northern Shipping Joint Stock Company (Nosco, ticker NOS on UPCoM) attracts many investors due to its abundant land reserves.
kido forges ahead in vegetable oil segment

Kido forges ahead in vegetable oil segment

Kido Group JSC, a major player in the domestic food scene, has just finalised increasing its holding in Vietnam Vegetable Oil Industry Corporation (Vocarimex), one of the largest local vegetable oil firms, moving closer to the target of controlling the cooking oil market segment. 
tripartite agreement fuels pjicos hopes

Tripartite agreement fuels PJICO’s hopes

The cooperation between PJICO, one of the biggest non-life insurers of Vietnam, its strategic shareholder Vietnam National Petroleum Group (Petrolimex), and Samsung Fire & Marine Insurance Co., Ltd. (SFMI) is hoped to strengthen PJICO’s position and promote its development in the future.
doubts about upcoming hose heavyweight petrolimexs prospects

Doubts about upcoming HoSE heavyweight Petrolimex’s prospects

A scheduled listing on stock exchange is causing the price of the stock of Vietnam National Petroleum Group, or Petrolimex’s stock (OTC: PLX) to soar, however, there are many factors that may make the stock not as attractive as investors speculate.
pjico to marry foreign investors

Pjico to marry foreign investors

The presence of foreign investors in domestic insurance companies is considered a positive sign for the development of the Vietnamese insurance sector.
competition not cooling down in vietnams electronics retail sector

Competition not cooling down in Vietnam’s electronics retail sector

Vietnamese electronics retailers expect growth and expansion in 2016, as the country continues to present ample opportunities.
more private investments called for improving vietnams healthcare sector

More private investments called for improving Vietnam’s healthcare sector

Vietnam’s healthcare authorities continue to court increased private investments, but making efficient use of private-sector capacity and benefits remains an issue.
one more port to go public in december

One more port to go public in December

Chan May Port Co. Ltd. plans to sell 7.4 million shares, or a 24 per cent stake on December 17 at an initial price of VND10,700 (50 US cents) per share.
real estate developer kinh bac to hold 56m bond issue

Real estate developer Kinh Bac to hold $56m bond issue

Kinh Bac City Development Holding Corporation (HoSE: KBC) is issuing VND1.2 trillion ($56 million) in convertible bonds in December.
stainless steel producer shi to hold new share issue

Stainless steel producer SHI to hold new share issue

Stainless steel product maker SonHa International Corporation (HOSE: SHI) is issuing 10 million new shares to raise the liquidity of its stock.
la hien falls behind target for third year

La Hien falls behind target for third year

Listed Ha Hien Cement Joint Stock Company, in which Vinacomin holds a 51 per cent stake, did not meet its 2013 targets.
vinexad building sale faces shareholder doubts

Vinexad building sale faces shareholder doubts

Late last week, Vietnam Trading Expo and Advertising Joint Stock Company (Vinexad) faced strong disagreement from its shareholders over a proposal to sell its office building on Dinh Le Street, next to Hoan Kiem Lake.