Vietnam Stocks: Chuong Duong, LIX, PetroVietnam Finance, SSI
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, added 0.6 percent to 447.44. The measure has gained 1.5 percent this week.
Chuong Duong Beverages Joint-Stock Co. (SCD) , a soft- drinks producer, surged 5 percent to 12,600 dong, the most since Jan. 3. Chuong Duong plans to pay a 2011 dividend of 1,500 dong a share on May 20, according to a filing with the exchange.
LIX Detergent Joint-Stock Co. (LIX) , a producer of powder and liquid detergents, fell 3 percent to 32,500 dong, the lowest close since Jan. 19. LIX’s 2012 pretax profit may drop to 80 billion dong ($3.8 million), from 86.4 billion in 2011, it said in a statement on its website. It also plans to pay a 2012 dividend of 2,500 dong a share compared with 3,500 dong in 2011.
PetroVietnam Finance Joint-Stock Co. (PVF) gained for a fourth day, adding 1.5 percent to 13,400 dong, the highest since March 26. The company plans to sell 5 trillion dong of three- to five-year bonds as early as this quarter and 3 trillion dong of convertible notes later this year to help lower borrowing costs, according to Chief Executive Officer Nguyen Thien Bao.
Saigon Securities Joint-Stock Co. (SSI) climbed 1 percent to 20,200 dong, poised for its highest close since March 26. The company was ranked Vietnam’s biggest brokerage with a market share of 11.7 percent as of the end of the first quarter, the stock exchange said in a statement.
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