Thursday, September 29 2016

VietNamNews

More stocks join Club 100, VN-Index hits 9-year high

Update: July, 15/2016 - 10:00
Mobile World Investment Corporation (MWG) ends at VND143,000 on July 14 on HCM Stock Exchange. — VNS Photo

HÀ NỘI —  More stocks with outstanding growth rates joined ’Club 100’ (stock valued from VNĐ100,000 or US$4.4 each on the bourses), along with the gain of the local market.

As of July 13, the VN-Index reached its nine-year high of 675.12 points, while several shares also saw major gains.

Before 2016, seven shares of Coteccons Construction Joint Stock Company (CTD), Bình Minh Plastic Joint-Stock Company (BMP), Việt Nam Dairy Products Joint Stock Company (VNM), and Vinacafé Biên Hòa Joint Stock Company (VCF), besides West Coach Station Joint Stock Company (WCS), Nội Bài Cargo Terminal Service Joint Stock Company (NCT) and Đà Nẵng Airports Services Joint Stock Company (MAS) had joined Club 100.

This year, the club has seen more new members. Another six shares of Traphaco Joint Stock Company (TRA), Việt Nam Electric Cable Corporation (CAV), National Seed Joint Stock Company (NSC) as well as Sơn La Sugar JSC (SLS), Phú Tài Joint Stock Company (PTB) and Mobile World Investment Corporation (MWG) have also entered the club.

Sơn La Sugar JSC, made the most impressive growth with a 157 per cent rise from VNĐ49,500 to VNĐ127,000, along with the growth of sugar stocks in the first half, thanks to the thriving business that benefited from the El Nino phenomenon and recovering sugar prices.

The National Seed Joint Stock Company, which is involved in the agricultural sector, has been one of the few listed companies posting stable growth for many years. Even though the national agricultural sector faced difficulties last year, NSC kept growing, while multinational corporations in the industry were affected.

Ending at VNĐ113,000 each on HoSE yesterday, NSC has risen 17.71 per cent since last year and 663 per cent since it was listed on HoSE in 2008.

Based in Hà Nội, NSC is now expanding into the Mekong Delta market with the new rice seeds that promise high productivity and better export performance. This year, NSC plans to earn VNĐ1.27 trillion in revenue, an increase of 2.27 per cent, and pre-tax profit of VNĐ200 billion, up 27.3 per cent.

Vietcombank Securities Company experts said with such well-planned development, NSC would easily achieve its profit and revenue targets this year.

Two other stocks with more than 100 per cent growth were Phú Tài Joint Stock Company (PTB) and Việt Nam Electric Cable Corporation (CAV).

PTB, particularly, has posted a sharp 221 per cent growth over last year, reaching VNĐ135,000 each. The firm, involved in stone extraction and wood products, is one of the listed timber enterprises with the highest revenue growth and profit margins in 2016.

Meanwhile, CAV shares of the Việt Nam Electric Cable Corporation, which produces all kinds of wires and cables in Việt Nam for both local and export markets, ended yesterday at VNĐ104,000. CAV has paid at least 30 per cent dividend in cash to shareholders, corresponding to a dividend yield of 5.8 per cent.

This year CAV aims to earn VNĐ6 trillion in revenue and VNĐ195.6 billion in profits, corresponding to a growth of 5.6 per cent in sales and 21.3 per cent in profits over 2015. Its growth so far has been of 200 per cent higher than 2015.

On the new list, Traphaco Joint Stock Company (TRA) ended at VNĐ114,000 and Mobile World Investment Corporation (MWG) ended at VNĐ143,000 yesterday. — VNS

 

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