STB: Trading result of an institution
Listed firm: Saigon Thuong Tin Commercial Joint Stock Bank
Stock symbol: STB
Trader: Australia and New Zealand Banking Group Limited
Position in the listed firm: Member of BOD
Owning volume before trading: 43,784,970 shares
Volume registered to buy: 703,172 shares
Bought volume: 703,170 shares
Owning volume after trading: 44,488,140 shares
VSE
Monday, January 7, 2008
STB: Trading result of an institution
Posted by Language123 at 11:57 PM 0 comments
STB: Trading Result of a member of BOD
07/01/2008 10:05:00 SA
STB: Trading Result of a member of BOD
Listed firm: Saigon Thuong Tin Commercial Joint Stock Bank
Stock symbol: STB
Trader: Mr. Tran Van Ngoc
Position in the listed firm: Member of BOD
Owning volume before trading: 5,127,032 shares
Volume registered to sell: 1,000,000 shares
Sold volume: 1,000,000 shares
Owning volume after trading: 4,127,032 shares
Trading period: from 11/26/2007 to 12/26/2007
VSE
Posted by Language123 at 11:56 PM 0 comments
TSC: Trading of affiliated person
TSC: Trading of affiliated person
Techno – Agricultural Supplying Joint Stock Company has disclosed result of trading of affiliated person as follows:
Stock symbol: TSC
Trader: Pham Van Manh
Having relation to: Pham Van Tuan (brother)
Position of the affiliated person in the listed firm: chairman of BOD – Director General
Owing volume before trading: 12,810 shares (0.15%)
Sold volume: 6,810 shares
Owning volume after trading: 6,000 shares (0.07%)
Trading period: from November 2nd 2007 to December 31st 2007
VSE
Posted by Language123 at 11:55 PM 0 comments
VFMVF1 - NAV from 21 Dec to 28 Dec 2007
VFMVF1 - NAV from 21 Dec to 28 Dec 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||
|
Posted by Language123 at 11:54 PM 0 comments
TIE – approval in principle of listing
TIE – approval in principle of listing
Telecommunications - Industry - Electronics Joint Stock Company (TIE) has been approved in principle of listing 9,569,900 shares on HOSE.
VSE
Posted by Language123 at 11:53 PM 0 comments
VSH: Insider Trading
VSH: Insider Trading
Listed firm: Vinh Son - Song Hinh Hydropower Joint Stock Company
Stock symbol: VSH
Trader: Mr. Nguyen Duc Doi
Position in the listed firm: Chairman of BOD
Owning volume before trading: 503,300 shares
Volume registered to sell: 150,000 shares
Sold volume: 70,800 shares
Owning volume after trading: 432,500 shares
Trading period: from 05/25/2007 to 11/25/2007
Mr. Nguyen Duc Doi did not sell all of the registration volume because the offer price was not matched.
VSE
Posted by Language123 at 11:53 PM 0 comments
VTB: Annual Shareholders’ Meeting
VTB: Annual Shareholders’ Meeting
HOSE announces the record date for the list of shareholders attending the Annual Shareholders’ Meeting 2008 as follows:
Name of the listed firm: Viettronics TanBinh Joint Stock Company (VTB)
Stock symbol: VTB
Stock type: Common stock
Par value: VND 10,000
Ex-right date: January 10th, 2008
Record date: January 14th, 2008
Meeting time: 1:30pm on February 16th, 2008
Meeting venue: White Palace, 194 Hoang Van Thu St., Ward 9, Phu Nhuan Dist., HCMC.
Key contents of the meeting:
Business Operation Report and Financial Report in 2007;
Result of issuing stock to the public;
Approving the profit distribution in 2007;
Approving the Business Plan for 2008;
Approving the plan of setting up subsidiary;
Approving the investment plans for major projects;
Amending the regulation of the company.
Those who cannot present at the meeting may authorize other shareholders, or VTB’s BOD, or VTB’s Supervisory Board with the authorization letter at the website: www.vtb.com.vn.
Vietnam Securities Depository – Hochiminh City Branch will temporarily suspend deposit activity for VTB on January 11th, 14th & 15th, 2008.
VSE
Posted by Language123 at 11:52 PM 0 comments
HAS – approval of listing
HAS – approval of listing
Hanoi P & T Construction & Installation Joint Stock Company (HACISCO) has been approved of listing 1,497,466 shares on HOSE.
VSE
Posted by Language123 at 11:51 PM 0 comments
HRS – share transference
HRS – share transference
Horizon Securities Corporation (HRS) has informed of changing ownership rate of foundation shareholders as follows:
Transferor: Mr Luu Tuong Bach – foundation shareholder
Receiver: Horizon Investment Consultancy Co. Ltd., - foundation shareholder
Transferred stock:
Stock type: common stock
Volume: 360,000 shares, equivalent to 30% of chartered capital
VSE
Posted by Language123 at 11:51 PM 0 comments
FBT: First listing and trading dates
FBT: First listing and trading dates
Pursuant to Listing License No.188/QD-SGDHCM dated December 27th, 2007 granted by the Hochminh Stock Exchange (HOSE), the Ben Tre Forestry and Aquaproduct Import – Export Company will list and trade its shares on the exchange as follows:
Listed firm: Ben Tre Forestry and Aquaproduct Import – Export Company
Short name: FAQUIMEX
Add: 71, Highway 60, Chau Thanh Town, Chau Thanh District, Ben Tre Province
Tel: (84-75) 895 795/610 350 Fax: (84-75) 895 569
Stock type: common stock
Stock symbol: FBT
Par value: VND10,000
Listing volume: 15,000,000 shares
Total value: VND150,000,000,000
Effective date of the listing license: December 27th, 2007
First trading date: January 14th, 2008
Referred price on the first trading date: VND45,000/ share
Price range on the first trading date: 20% compared to the referred price.
Posted by Language123 at 11:49 PM 0 comments
ITA – personnel change
ITA – personnel change
Tan Tao Investment Industry Corporation (ITACO) has informed of personnel change as follows:
Mr Nguyen Tan Minh has resigned the positions of Deputy Director General of ITACO and Director General of ITA supply water joint stock Company as from January 1st 2008.
VSE
Posted by Language123 at 11:49 PM 0 comments
MPC – personnel change
MPC – personnel change
Minh Phu Seafood Joint stock Company (MINH PHU SEAFOOD CORP) has informed of personnel change:
Mr Le Van Diep was appointed to be Deputy Director General and Finance Director as from January 3rd 2008.
VSE
Posted by Language123 at 11:48 PM 0 comments
RAL: Listing and trading the additionally issued shares
RAL: Listing and trading the additionally issued shares
The Hochiminh Stock Exchange (HOSE) announces the details of listing and trading the additionally issued shares as follows:
Name of the listed firm: Rangdong Light Source and Vacuum Flask Joint Stock Company
Short name: RALACO
Add: 87-89 Ha Dinh St, Thanh Xuan Dist, Hanoi City
Tel: (84-4) 8584310 Fax: (84-4) 8585038
Pursuant to Decision No 187/QD- SGDCK dated December 27th, 2007, the Rangdong Light Source and Vacuum Flask Joint Stock Company will list and trade the additionally issued shares on the exchange as follows:
Stock symbol: RAL
Stock type: Common Stock
Par value: VND10,000
Registered volume to issue: 3,585,000 shares
Total value (basing on par value): VND35,850,000,000
Effective date of the listing license: December 27th, 2007
Trading date: January 8th, 2008
Posted by Language123 at 11:47 PM 0 comments
SJ1 – personnel change
SJ1 – personnel change
Seafood Joint Stock Company No 1 (SEAJOCO VIETNAM) has informed of personnel change as follows:
Ms Nguyen Thi Bach Nhan was appointed to be Director General of SEAJOCO VIETNAM instead of Ms Nguyen Thi Lien Phuong.
Ms Nguyen Thi Lien Phuong was appointed to be chairman of BOD instead of Ms Nguyen Thi Bach Nhan.
Changes are effective as from January 1st 2008
VSE
Posted by Language123 at 11:47 PM 0 comments
SSC: The record date for shareholder list
SSC: The record date for shareholder list
HOSE announces the record date for shareholder list as follows:
Name of the listed firm: Southern Seed Corporation (SSC)
Stock symbol: SSC
Stock type: Common stock
Par value: VND10,000
Ex-right date: January 11th 2008
Record date: January 15th 2008
Pay-out dividend ratio for the second time 2007: 6%/par value (VND600/share)
Implementation date: January 31st 2008
Place to receive dividend:
Shareholders whose shares have been deposited: at the securities firms where shares have been deposited
Shareholders whose shares have not been deposited at:
In the South: Southern Seed Corporation
Add: 282 Le Van Sy, Ward 1, Tan Binh Dist., HCMC
Tel: 08.9907974 – 8442414 Fax: 08.8442387
In the North: Branch of Southern Seed Corporation
Add 489/14 Nguyen Van Cu, Long Bien Dist., Hanoi
Tel: 04.8274343 – 8774958 Fax: 04.6500762
Please submit ID and shareholder certificate, legal authorized letter (if any)
Viet Nam Securities Depository – Hochiminh Branch will temporarily suspend the depository activities for SSC on January 14th, 15th & 16th 2008.
VSE
Posted by Language123 at 11:39 PM 0 comments
SFC: INSIDER TRADING
SFC: INSIDER TRADING
Saigon Fuel Company (SFC) has disclosed the insider trading as follows:
Stock symbol: SFC
Trader: Dang Ngoc Dung
Position in the listed firm: Head of Supervisory Board
Current owing volume: 17,200 shares
Registered volume to sell: 7,200 shares
Owing volume after trading: 10,000 shares
Estimated trading period: from January 7th 2008 to April 7th 2008
Posted by Language123 at 11:35 PM 0 comments
PAC: The record date for additional issuance
PAC: The record date for additional issuance
HOSE announces the record date for additional issuance as follows:
Name of the listed firm: Dry Cell and Storage Battery Joint Stock Company (PINACO)
Stock symbol: PAC
Stock type: Common stock
Par value: VND10,000
Ex-right date: January 17th 2008
Record date: January 21st 2008
Issuing volume to existing shareholders: 3,000,000 shares
Issuing method:
Exercise ratio: 4:1 (on the record date, shareholder who owns 1 share will have 1 right; 4 rights can buy 1 share. The number of additionally issued shares is rounded in tens). The remaining shares after being rounded and the shares which shareholders refuse to exercise right will be offered to others at the price not less than the one to existing shareholders.
For example: On the record date, shareholder Nguyen Van A who owns 1,250 shares will have 1,250 rights thus he can buys 1,250 x 1/4 = 312.5 shares. After being rounded, he actually buys 310 shares.
The right is transferable only once.
The additional issued shares are transferable.
Issuing price to existing shareholders: VND25,000/share
Transference period: from January 29th 2008 to March 4th 2008
Time for registering and depositing money to buy shares: from January 29th 2008 to March 6th 2008.
Place to register and deposit money:
Shareholders whose shares have been deposited: at the securities firms where shares have been deposited.
Shareholders whose shares have not been deposited at the following places:
HCMC : PINACO, 321 Tran Hung Dao, Dist.1, HCMC
Hanoi : PINACO – Hanoi Branch, 2 Dang Thai Than, Hoan Kiem Dist., Hanoi
Danang : PINACO – Danang Branch, 212 Dien Bien Phu, Thanh Khe Dist., Danang.
Estimated issuing date: April 8th 2008
Bank for blocking money:
Account No.: 310.10.00.0465119 – Bank for Investment and Development of Vietnam – Ho Chi Minh Branch (134 Nguyen Cong Tru, Dist.1, HCMC)
Viet Nam Securities Depository – Hochiminh Branch will temporarily suspend the depository activities for PAC on January 18th, 21st & 22nd 2008.
Source:VSE
Posted by Language123 at 11:35 PM 0 comments
VNM – ownership rate of foreign investors
VNM – ownership rate of foreign investors
The State Securities Commission has informed of issuing and listing stock of Viet Nam Dairy Products Joint-Stock Company (VINAMILK) on the foreign market.
VINAMILK can issue the whole volume of additional issued shares, equivalent to 5% of current chartered capital. It will be deposited at Singapore Securities Depository which opens depositing account at Vietnam Securities Depository. Vietnam Securities Depository is responsible for supervising and maintaining ownership rate of foreign investors not exceeding 49% of chartered capital, in which Singapore Securities Depository will not hold exceeding 3% of chartered capital after issuance (not exceed total listing share volume on Stock Exchange of Singapore). Therefore, ownership rate of foreign investors on Vietnam stock market is 46% of chartered capital.(VSE)
Posted by Language123 at 11:34 PM 0 comments
VN-Index falls below 900 points
VN-Index falls below 900 points
Source: VNAgency
07/01/2008 -- 3:17 PM
HMC City (VNA) – The VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) shed 16.01 points to slide below the 900 point threshold at the January 7 trading session.
The index stood at 887.08 points at the end of the session, with 9.2 million shares worth more than 870 billion VND changing hands.
Big losers included Nam Viet Seafood (NAV), Binh Dinh Mining (BMC), Tay Ninh Cable Car Tour (TCT) and Hau Giang Pharmaceutical with decreases per share ranging from 8,000-52,000 VND.
The HaSTC-Index at the Ha Noi Securities Trading Centre dipped by 12.86 points to end at 297.59 points. Only 1.9 million shares worth over 171 billion VND changed hands.
According to investors, Viet Nam ’s stock market is showing signs of instability, thus worrying domestic buyers.-Enditem
Posted by Language123 at 4:29 PM 0 comments
Labels: HOSE
VNM: Vinamilk alters cap for foreign owners
Vinamilk alters cap for foreign owners
07/01/2008 -- 11:37 AM
HCM City (VNA) – The Viet Nam Dairy Product Company will lower the cap for foreign ownership of its stock on the HCM City Stock Exchange in compliance with securities regulations limiting foreign stock ownership to 49 percent.
The company will reduce the cap from 49 to 46 percent, HoSE said in a recent statement. The three point reduction comes after Vinamilk committed 3 percent of its foreign-owned stock to the Singapore Depository Centre as part of an overseas share-listing agreement.
As a term of the State Securities Commission’s approval for Vinamilk to list shares overseas, Vinamilk is only allowed to list overseas a quantity of shares equal to 5 percent of the company’s charter capital at the time of issuance.
The shares will be deposited at the Singapore Depository Centre. As per the agreement, the Singapore Depository Centre will be able to hold shares worth up to 3 percent of Vinamilk’s charter capital after the company begins listing shares on the Singapore Stock Exchange.
Vinamilk was one of the first domestic enterprises approved to list shares overseas in the 2008-09 period.
The corporation plans to issues 8.85 million shares overseas, worth a total of 88.52 billion VND, it said in its proposal statement to the HoSE.
Mai Kieu Lien, general director of Vinamilk, said that the listing overseas would help the company mobilise more capital for its projects during 2008, as well as to expand its business worldwide.
She pledged to carry out the listing as soon as possible, right after the company has completed all legal procedures.
Vinamilk on January 4 closed downed by 1.22 percent to 162,000 VND, with 98,260 units traded.-Enditem
Posted by Language123 at 4:27 PM 0 comments
Bao Viet insures A Luoi hydropower plant
Bao Viet insures A Luoi hydropower plant
Source: VNAgency
07/01/2008 -- 11:37 AM
Thua Thien-Hue (VNA) – The Central Region Hydropower Joint-Stock Company and Bao Viet, the country’s leading non-life insurance provider, signed on January 4 an insurance contract for the A Luoi Hydropower Plant.
The plant, located in A Luoi district in central Thua Thien-Hue province, has been insured for 2.1 trillion VND (130.8 million USD).
A Luoi Hydropower Plant, with investment of more than 3.3 trillion VND (207 million USD) can supply 686.5 million kWh per year.-Enditem
Posted by Language123 at 4:24 PM 0 comments
Constrexim to list on HASTC
Constrexim to list on HASTC
Source: VNAgency
07/01/2008 -- 11:37 AM
Ha Noi (VNA) – Ha Noi Securities Trading Centre (HASTC) announced that it received sufficient proceedings from Constrexim No. 8 to allow them to list.
The Viet Nam Construction Investment and Import-Export Corporation (Constrexim) has a charter capital of 19.6 billion VND (1.2 million USD).
The State holds 13.76 percent and the remainder belong to the company’s shareholders and the public.
The company specialises in designing and building civil construction work, as well as appraising and producing construction materials.
Posted by Language123 at 4:24 PM 0 comments
Foreign investors seeking to purchase BVSC shares
Foreign investors seeking to purchase BVSC shares
18/12/2006 01:58:00 PM
Many foreign investors have expressed their desire to make capital contributions to the Bao Viet Securities Company (BVSC) by purchasing shares, according to Nguyen Quang Vinh, BVSC Director General.
Mr Vinh officially announced that BVSC would list at the Hanoi Securities Trading Centre (HASTC) starting December 18.
“These are big and prestigious international financial institutions in the world, which want to make capital contributions to BVSC as strategic shareholders,” said Mr Vinh.
However, BVSC will only consider proposals from investors when it kicks off the plan to increase its chartered capital in the second phase, slated for early 2007.
“The decision will be made after BVSC’s parent group, Bao Viet, the leading insurer in Vietnam, set up its development strategy,” Mr Vinh said.
“If we choose strategic shareholders in advance, our choice may conflict with Bao Viet’s decisions to be made later, when the group is equitised.”
Regarding the increased chartered capital, BVSC will present the detailed plan during the annual shareholder’s meeting to be held in early 2007. The company’s chartered capital will be raised to either VND250 billion (US$15.62 million) or VND300 billion (US$18.75milliom).
BVSC has increased its capital from VND50 billion (US$3.1 million) to VND150 billion (US$9.3 million). However, the capital level proves to be not high enough to meet the requirements to be legalised by the State Securities Commission, which say that securities companies must have the minimum capital of VND200 billion (US$12.5 million). BVSC, like many other securities companies, will have no other choice than increasing its chartered capital.
On Dec 18, BVSC shares are scheduled to put into transaction at the Hanoi Securities Trading Centre. The company will be the third securities companies to list shares on the stock market.
Source: VietNam Agency
Posted by Language123 at 4:17 PM 0 comments
Trading information dated Jan. 07, 2008
Trading information dated Jan. 07, 2008 |
Trading information dated Jan. 07, 2008.xls |
Posted by Language123 at 4:14 PM 0 comments
Labels: HOSE
LBM - The ex-right date for getting shareholders' votes on investment projects and expanding factory
LBM - The ex-right date for getting shareholders' votes on investment projects and expanding factory
Posted by Language123 at 4:10 PM 0 comments
NAV- the ex-right date for bonus shares at the ratio of 10:4 and 2nd 2007 dividend with the ratio of 10:2
NAV- the ex-right date for bonus shares at the ratio of 10:4 and 2nd 2007 dividend with the ratio of 10:2 |
|
Posted by Language123 at 4:08 PM 0 comments
TMS - The record date for 2nd 2007 dividend at the ratio of 7%
TMS - The record date for 2nd 2007 dividend at the ratio of 7%
Posted by Language123 at 4:07 PM 0 comments
SPC.S, Ltd: Notice of Auction
SPC.S, Ltd: Notice of Auction | ||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
Short name: SPC.S, Ltd Head office: Area 1, Nguyen Van Quy, Tan Thuan Dong Ward, Dist.7, HCMC Chartered capital : VND81,000,000,000 Volume for the IPO : 2,140,000 shares Stock type : common stock (Par value: VND10,000/share) Beginning price : VND11,000 / share Auction organizer : Hochiminh Stock Exchange Time for registration and deposit: from 8:00am 01/08/2008 to 11:00am 01/18/2008. Time for settlement: from 01/28/2008 to 02/22/2008 Time for repaying deposit: from 01/30/2008 to 02/04/2008 Time for submitting registration forms: no latter than 3:00pm 01/23/2008. Auction date : 9:00am, Friday, January 25th, 2008 Auction venue : Hochiminh Stock Exchange 45-47 Ben Chuong Duong, District 1, HCMC Place for registration and deposit:
|
Posted by Language123 at 3:38 PM 0 comments
HOSE – new domain name
HOSE – new domain name
Source: VSE
From January 8th 2007, HOSE is put new website into test run with domain name as http://www.hsx.vn.
This website runs along with the current domain name as http://www.vse.org.vn.
For any contribution on the new interface, please send email to market_infor@vse.org.vn.
Posted by Language123 at 3:35 PM 0 comments
Labels: HOSE
FOOCOSA – delay auction time
FOOCOSA – delay auction time
Source: VSE
Food Company of Ho Chi Minh City (FOOCOSA) has informed of delaying auction dated January 11th 2008 as follows:
There are some financial issues in equitized process of the company. The Ministry of Finance has suggested FOOCOSA to re-identify its financial value.
New auction time will be informed later. Investors who register the auction can withdraw deposit.
Posted by Language123 at 3:33 PM 0 comments
LICOGI 16 Joint Stock Company (LICOGI 16): INFORMATION ON AUCTION REGISTRATION
LICOGI 16 Joint Stock Company (LICOGI 16): INFORMATION ON AUCTION REGISTRATION | |||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
|
Posted by Language123 at 3:32 PM 0 comments
HAKIPACK - AUCTION RESULT
HAKIPACK - AUCTION RESULT
Hose announces AUCTION RESULT of Ha Tien Packaging Joint Venture Company (HAKIPACK) as follows:
VSE
File đính kèm:
20080104 - HAKIPACK - AUCTION RESULT - MN.xls
Posted by Language123 at 3:29 PM 0 comments
Bonds - Interest payment
Bonds - Interest payment
Source: VSE
HOSE announces the record date for interest payment of bonds in 2008 as follows:
VSE
File đính kèm:
20080104 - Bonds - Interest payment - MN.xls
Posted by Language123 at 3:27 PM 0 comments
Bonds - Interest payment
Bonds - Interest payment
Source: VSE
HOSE announces the record date for interest payment of bonds in 2008 as follows:
VSE
File đính kèm:
20080104 - Bonds - Interest payment - MN.xls
Posted by Language123 at 3:27 PM 0 comments
BID10107: Notice of the first trading day for bank bond listing
BID10107: Notice of the first trading day for bank bond listing
Source: VSE
HOSE announces the first trading day for corporate bonds as follows:
Name of Listed Company: Bank for Investment and Developmet of VietNam
- Address: 191 Ba Trieu, Hai Ba Trung Dist., Ha Noi city
Tel: (84-4) 2200422 Fax: (84-4) 2200399
Was allowed to list the following bond at HOSE by Decision No.184/QD-SGDHCM dated 12/21/2007:
Securities name: BIDV’s Long-term Bond – Issue No.01/2007
Securities type: Corporate bond
Securities symbol: BID10107
Face value: 100,000 VND
Total listing volume: 30,000,000 bonds
Total listing value: VND3,000,000,000,000
Issuing form: Book entry
Maturity : 5 years
Interest rate: 8.15%/ year (coupon bond)
Payment method: made annually on July 23rd and interest is not cumulated.
Issuing date: 07/23/2007
Due date: 07/23/2012
Effective listing date: 12/21/2007
Trading date: 01/17/2008
Posted by Language123 at 3:25 PM 0 comments
WASECO - AUCTION RESULT
Hose announces AUCTION RESULT of Water Supply & Sewerage Construction and Investment Company (WASECO) as follows:
VSE
File đính kèm:
20080103 - WASECO - AUCTION RESULT - MN.xls
Posted by Language123 at 3:23 PM 0 comments
VietNam: Security Market have always been an effective investment chanel.
Security Market have always been an effective investment chanel.
Enterpreted by vietnamfinance.blogspot.com
Source: Thanhnien
Thanh Nien had a talk with Mr. Lam Minh Chanh, a financial researcher and also Director General of Dai Viet securities Company (DVSC). We discuss the securities market.
In 2007, especially the fouth quarter, VNIndex development has been difficult to predict, what is your opinion about this?
Generally, The Securities Market is developing and profitable. If we started at the beginning of the year (VNIndex=741.27) and sold at the end of the year (VNIndex=727.02), we would get the profit of 25% per year.
Unpredictably, VNIndex, however, did not surge up but stayed abnormally in downtrend. It is because of CT03, of a large number of additional issuances, of the development of real estate, of the hesitation due to the personal income tax on securities trading, of the world markets. Besides, it is said that some organization and “big boy” force the market value to deteriorate for the purpose of buying at cheap prices.
In my opinion, the problem is that we try not to find out all the reasons but accept that. The value has been adjusted, which is normal. It is sooner or later. Anyway, it nearly got 1200 points on its way from 400 points in a quite short time. It is unreasonable to get higher points. It may be a crazy respectation. If it had happened, the market would have been in downward spiral for an extremely long time.
Studying on the Indicator of other markets at other countries, I have found that for the duration of 10-15 years, all the markets’s index got the growth which are in the range of 1.5-3 times compared to the average rates of the development of their economy. When an indicator’s development is about 50-300%/year (Thai Lan in 1990s as such), it will be controlled to return to the normal development rate for a long term. VNIndex was sharply surge, it must be controllable as we know.
So, how to avoid such a long term of downward spiral?
The state organizations are supposed to have a long-term prediction and view in market administration. The state administrators should have statutes to balance of the listed firms’ issuances between capital and debt, supervise trading of major shareholders, administrate the liquidity of OTC market, enact the statute of short sale for the purpose of valorization of the market. And one most importance is that the state should have plan on gaining knowledge of security investment of the citizens. Individual people must be aware of the market, of the investment strategies and of reasonable profit expectations
Can you tell clearlier about reasonable expectations?
Based on my research, most of individual investors were successful in using information and anticipating the right time to participate trading. In order to further succeed, they either prepare good knowledge or get a good consultant.
The fact is that most of the securities company have not paid much attention on counseling their customers while there are a great number of individual investors neither knowing suitable strategy of investment nor analizing the market.
-Absolutely. There are, however, some company doing well in this field, on the whole, many of them should support more to their customers.
How about VNIndex in short term and long term?
Based on the research result of our TA room, VNIndex is coming nearer 900 which is a technical support and an important psychological threshold. In next week, it wil be around the support 900, 875.46 and the resistances are 927 and 952.88. In order to have an short term of uptrend, it will have to exceed 927,00.
Basing on FA, the market value is at a reasonable point for medium and long term of investment. Finance, service, consumer goods… are good to invest into because their P/E is in the range of 24-27% which is much lower than it was before. They will give good profit for medium and long term of investment.
With the profit ratio 15-25%/year, the high liquidity, Vietnam Market have been a good chanel to invest, it will develope in the line with the progress of the Vietnam economy.
Posted by Language123 at 12:39 AM 0 comments
Labels: Other