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