Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Kinh Do Advances to 1-Week High on Mooncake Sales: Hanoi Mover

Kinh Do Corp., Vietnam’s biggest listed confectionery maker, rose to the highest level in a week in Ho Chi Minh City on speculation traditional cake sales during this month’s Mid-Autumn Festival will boost earnings.

The stock rose 4.1 percent to 27,700 dong at the 11:30 a.m. local-time break, heading for the highest close since Sept. 14. The benchmark VN Index advanced 1.3 percent.

Sales of mooncakes have risen 10 percent compared with the same period last year, Phan Hai Long, assistant finance manager of Kinh Do said in a telephone interview today from Ho Chi Minh City. The sales may help full-year revenue gain at least 15 percent, he said.

Mooncakes are traditional gifts during the festival, also known as Moon Tet and one the country’s most popular after the Lunar New Year. The celebration falls on Sept. 30 this year.

Vu Thi Tra Ly, an analyst with Viet Capital Securities, said the company’s revenue in the second half is expected to increase with sales of mooncakes forecast to grow 20 percent to 25 percent.

Ho Chi Minh City-based Kinh Do has rallied 28 percent this year, outpacing the benchmark VN Index, which has advanced 12 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.