Vietnam’s Stocks: Dongthap Trading, Bao Viet, An Pha, Pha Lai
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, rose for the first time in three days, gaining 1.1 percent to 458.50.
Dongthap Trading Corp. (FDG VN), a company based in southern Dong Thap province whose businesses include trading of agricultural products, dropped to 28,000 dong from a reference price of 35,000 dong as 13.2 million shares started trading on the exchange.
Bao Viet Holdings (BVH VN), Vietnam’s biggest insurer and the second-most valuable company on the exchange, jumped 4.7 percent, the most since March 10, to 78,500 dong. The Hanoi- based company is targeting annual profit as much as 1.7 trillion dong ($81.3 million) by 2015, it said in an e-mailed statement yesterday.
An Pha Petroleum Group Joint-Stock Co. (ASP VN), a liquefied petroleum gas importer and trader, gained for the first time since April 8, rising 4.4 percent to 7,100 dong. An Pha expects 2011 profit to jump fivefold to 29.6 billion dong, according to a statement on the company’s website. It didn’t give a reason for the increase.
Pha Lai Thermal Power Joint-Stock Co. (PPC VN), the biggest listed electricity producer, climbed 2.2 percent, the most this month, to 9,400 dong. Pha Lai forecast 2011 pretax will surge to 254 billion dong this year from 6 billion dong last year, according to a filing on the company’s website.
--Nguyen Dieu Tu Uyen. Editor: Reinie Booysen
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