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Vietnam Stocks: Hapaco Group, Phuoc Hoa Rubber, Tien Len Steel

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Aug. 24 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, declined for a second day, losing 1.2 percent to 396.68, the lowest since Aug. 17.

Hapaco Group Joint-Stock Co. (HAP VN), a paper maker, declined 1.9 percent to a five-day low of 5,200 dong. The Haiphong-based company had a net loss of 653 million dong in the second quarter, causing its first-half net profit to fall 20.6 percent to about 38 million dong, according to figures on the bourse’s website.

Phuoc Hoa Rubber Joint-Stock Co. (PHR VN), the country’s biggest listed rubber company, slid 1.3 percent to 31,000 dong. Phuoc Hoa’s first-half net profit dropped 39 percent to 189.3 billion dong, according to company figures posted on the exchange’s website.

Tien Len Steel Corporation Joint-Stock Co. (TLH VN), which produces construction, coil, shaped and plate steel, plunged 4.3 percent to 6,700 dong. The company’s net profit dropped 69 percent to 5.2 billion dong in ($249,759) the second quarter, according to an exchange filing.

To contact Bloomberg News staff for this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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