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Stock market briefs
Friday,  2/1/2019, 17:25 

Stock market briefs

The Saigon Times Daily

HCMC – The Hochiminh Stock Exchange and the Hanoi Stock Exchange will close for the 2019 traditional Lunar New Year holiday, or Tet, from Monday, February 4. Transaction will resume on Monday, February 11.

HCMC – Retail group Vincom Retail (VRE) said its 2018 revenue rose by 64% against the previous year to VND9.1 trillion while its after-tax profit elevated by 19% to VND2.4 trillion, mainly driven by 20 new malls from 2017 to 2018, full-year contribution of 15 malls opened in 2017, along with key deliveries including condotels at Vinpearl Riverfront Da Nang and condos at Suoi Hoa Bac Ninh in the third and fourth quarter, respectively. Its net profit fulfilled 97% of the company’s 2018 guidance of VND2.5 trillion.

HCMC – Vinhomes Company (VHM) recorded 2018 results with revenue of VND38.8 trillion and after-tax profit of VND14.2 trillion, up 154% and 910% versus 2017, mainly driven by stronger deliveries of presold units in the Golden River, Green Bay and Central Park developments, coupled with higher profit sharing from business cooperation contracts with Vingroup (VIC) and residential developments of other VIC subsidiaries, including The Harmony, Imperia and Dragon Bay.

HCMC – Hoang Anh Gia Lai Agricultural Company (HNG), a subsidiary of Hoang Anh Gia Lai Company (HAG), said it had a consolidated loss of VND644 billion in 2018, versus a consolidated net profit of VND530.5 billion in 2017. HNG’s net revenue rose 11.3% to VND3.7 trillion in the year, said Viet Capital Securities Company.

HANOI – The State Treasury raised over VND36.3 trillion worth of government bonds through 18 auctions in January, down 19.2% compared to the previous month. The winning interest rates were from 3.8% to 3.82% for the five-year tenor, 4.17% to 4.35% for the seven-year tenor and 4.8% to 5.1% for the 10-year tenor.

 

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