Vietnam Stocks: Bao Viet, Kinh Bac City, PetroVietnam Fertilizer
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 0.1 point, or less than 0.1 percent, to 409.4.
Bao Viet Holdings (BVH VN), Vietnam’s biggest insurer, fell 1.5 percent to 66,500 dong. The Hanoi-based company said second- quarter unconsolidated after-tax profit dropped 39 percent to 183.1 billion dong ($8.9 million) after costs surged.
Financial costs, including a provision set aside for investments in equities, jumped to 134 billion dong in the three months through June 30, from 37.6 billion dong the same period last year, according to a statement on the company’s website.
Kinh Bac City Development Share Holding Corp. (KBC) , Vietnam’s third-largest listed property company, slid 2.9 percent to 13,500 dong, the lowest close since March 2009. The company reported an unconsolidated net loss of 45.5 billion dong in the second quarter, it said in a statement on its website yesterday. Its first-half net loss was 96 billion dong.
Petrovietnam Fertilizer & Chemical Joint-Stock Co. (DPM VN), the country’s biggest fertilizer producer, rose 2.6 percent to 32,000 dong, the largest increase since July 20. Net profit rose 62 percent to 821.4 billion dong in the second quarter, according to a statement on the company’s website. First-half profit increased 60 percent to 1.44 trillion dong.
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