Vietnam’s Stocks: Danang Rubber, FPT, Taicera, Thuan An Wood
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose for a third day, gaining 0.7 percent to 390.67, the highest since Dec. 5.
Rubber Stocks: Danang Rubber Joint-Stock Co. (DRC) gained 3.8 percent to 19,000 dong. Southern Rubber Industry Joint-Stock Co. (CSM) advanced 4.2 percent to 10,000 dong, the highest since Nov. 11. Saovang Rubber Joint-Stock Co. (SRC) rose 4.5 percent to 7,000 dong, the highest since Dec. 21.
Rubber extended gains after posting the best monthly advance in two-and-a-half years on speculation that Thailand’s plan to buy the commodity above market rates will reduce global supplies. The July-delivery contract climbed as much as 1.5 percent to 319.7 yen a kilogram ($4,195 a metric ton) on the Tokyo Commodity Exchange.
FPT Corp. (FPT) , Vietnam’s biggest publicly traded telecommunications and software company, rose 1.6 percent to 50,500 dong, the highest since Jan. 16. Its 2011 profit climbed 34 percent to 1.69 trillion dong ($80 million), the company said in an e-mailed statement yesterday. Revenue increased 26 percent to 25.9 trillion dong, it said.
Taicera Industrial Ceramics Joint-Stock Co. (TCR VN), which manufactures and ships ceramic tiles, lost 4.9 percent to 5,800 dong, the biggest drop since Nov. 7. Its fourth-quarter profit plunged 70 percent to 8.83 billion dong on higher raw-material, fuel and labor costs, the company said in an exchange statement.
Thuan An Wood Processing Joint-Stock Co. (GTA VN), a manufacturer and trader of wooden furniture, dropped 3.7 percent to 7,800 dong, the most since Dec. 28. Its fourth-quarter profit fell 15 percent to 2.4 billion dong, according to a filing with the bourse.
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