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New infrastructure invest...
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05-08-2017, 06:46 AM
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HVN - a strange transacti...
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VCB - updated 5 May 2017
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Bank - a strong leader
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VN Stock Market on 5 May ...
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  New infrastructure investments called for Asia and the Pacific growth
Posted by: davidlee - 05-08-2017, 06:46 AM - Forum: Stock forum - No Replies

New infrastructure investments called for Asia and the Pacific growth

[Image: Nakao902123518PM.jpg]

YOKOHAMA — Asian Development Bank President Takehiko Nakao has called for more investments in infrastructure to support continued growth in Asia and the Pacific amidst a range of emerging challenges. 
Investment infrastructure will remain a priority for ADB as the bank prepares a new long-term strategy to respond to a rapid regional changes, Nakao confirmed while making his opening remark at the 50th Annual Meeting of ADB’s Board of Governors today morning. 
“Asia will need US$1.7 trillion per year in investment in power, transport, telecommunications and water through 2030,” the ADB president said, adding that this figure is more than double ADB’s previous estimate, which is an evidence for the region’s huge demands for infrastructure.
Deputy Prime Minister of Japan and the Chairperson of the Board of Governors Taro Aso said that infrastructure needs in Asia are getting larger both in terms of quality and quantity due to economic development.
Thus, private sector funds should also be mobilised, including through Public-Private Partnerships model, Aso said.
Enhancing quality of infrastructure in terms of lifecycle cost and environmental and social considerations is important, he said, emphasising “It is crucial to utilise infrastructure in an open, transparent and non-exclusive manager to enhance its connectivity.”
President Nakao said that ADB will step up efforts to mobilise private sources for development by promoting greater and more effective use of Public-Private Partnerships or PPPs. 
He noted that Japan has experiences in this approach, giving an example that in the late 19th century in Japan, many railways and electricity services were started through innovative private companies with the government’s concession loans.
Infrastructure should be incorporated with more advanced technologies, as maintenance costs and the resilience of infrastructure now is also paid much attention, Nakao said.
He added that ADB has initiated reforms to promote greater use of advanced technology during its project preparation and procurement process.
It would establish a trust fund to promote the integration of high-level technology (HLT) and innovative solutions in the design and implementation of its projects in Asia and the Pacific, Nakao said.
Deputy Prime Minister Aso said that Japan would provide $40 million over 2 years to the new trust fund for HLT. With the provision, Japan becomes the first donor of the fund.
Initiatives to improve PPP business environment
Earlier, in an attempt to promote PPPs, ADB announced two new initiatives to improve and monitor the business environment for PPPs in Asia and the Pacific. 
The measures aim to strengthen the bankability and implementation of PPPs.
The first initiative is the Infrastructure Referee Program (IRP), which is the first program of its kind in the PPP market. 
Under the program, ADB will provide independent third party advice through qualified consultants to help public and private parties resolve disagreements that may arise over the life of a PPP project.
“Disagreements between public and private parties over risk allocation can arise during tendering, negotiation, construction, or operation, potentially triggering protracted delays, increased costs, and failure to deliver critical services,” said Ryuichi Kaga, head of ADB’s Office of Public–Private Partnership (OPPP). 
“ADB, through the IRP, will help resolve disagreements between public and private stakeholders and support successful delivery and implementation of PPP projects in Asia and the Pacific.”
The second initiative, the PPP Monitor, is a new ADB publication that tracks the development of the PPP business environment across ADB member countries and provides insight for the public sector on structuring a sound environment for PPPs.
“We know from experience that there is substantial interest from both public and private sectors in PPPs, but they often lack essential information on the PPP environment,” Kaga said. 
“The PPP Monitor will provide country-specific information critical not only for sound policy formulation but also for the private sector to make informed business decisions.”
The PPP Monitor tracks each country’s regulatory framework, institutional capacity for project implementation, market maturity, and financial facilities. It also features sector-specific information for each country covered.
The PPP Monitor’s first edition includes information on Bangladesh, the People’s Republic of China, Indonesia, Kazakhstan, Papua New Guinea, the Philippines, Thailand, and Việt Nam. Future editions are expected to cover more countries and include a broader range of factors.
As many as 6,000 government officials, academics, business offices, civil society representatives and members of media gathered at this year’s Annual Meeting themed "Building Together the Prosperity of Asia". The meeting is also a celebration of ADB’s 50 years of development work in Asia and the Pacific. 
The opening ceremony was also addressed by Japan’s Crown Prince Naruhito.

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Photo HVN - a strange transaction from foreign investors ?
Posted by: davidlee - 05-08-2017, 04:52 AM - Forum: Stock forum - No Replies

HVN is a 4-star air firm and I dont know why its price has been gradually reduced  in the recent 2 months.

But in the recent time, foreign investors have purchased significantly. what is a strange? or a significant signal?

you can see the following link for more information of foreign investors' transactions: https://www.vndirect.com.vn/portal/giao-...cale=en_GB

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  VCB - updated 5 May 2017
Posted by: peterfund - 05-08-2017, 02:59 AM - Forum: Stock forum - Replies (1)

Today's price is tested at VND36 k before increasing at VND36.3K. The positive point is the selling pessure at VND36K is not much, successfully transferred at VND35.9 K that was only 2,7k shares by 3 small orders. Buying at VND36K was quite suitable. However, buying demand is not much, foreigner stopped buying (only purchased of 61,5k shares at VND36.17K).

[Image: blogVCB-62b3f.jpg]

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  Bank - a strong leader
Posted by: davidlee - 05-08-2017, 02:15 AM - Forum: Stock forum - No Replies

Increase of bank's charter capital is a compulsory requirement as now the VN economy developed. it needs larger bank to control the market "mood". I think bank securities will be a leader of VN index.

Banks seek increased charter capital

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) has disclosed plans to issue nearly 329.4 million shares for VNĐ1.4 trillion this year to increase its capital to over VNĐ14 trillion ($622 million).— Photo laodong.com.vn
HÀ NỘI — It is the bank shareholders meeting season, and topping the agenda, besides the dividend payout ratio, is increasing their regulatory capital.                                       

On April 15 Techcombank announced it would hike its charter capital by VNĐ5 trillion (US$220 million) to nearly VNĐ14 trillion ($616 million) this year by selling more shares.

Hồ Hùng Anh, its chairman, said the higher capital is needed to improve financial strength and competitiveness.
Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) has disclosed plans to issue nearly 329.4 million shares for VNĐ1.4 trillion this year to increase its capital to over VNĐ14 trillion ($622 million).

The money would be used to ensure the bank’s business activities are well funded and also help meet various ratio requirements, a spokesman said.

Banks have also been issuing debt instruments like bonds and certificates of deposit that make up their tier II capital.
Vietcombank and ACB, for instance, successfully issued 10-year bonds last December to raise VNĐ2 trillion and VNĐ3 trillion respectively.

In February and March this year Sacombank and Nam Á Bank issued certificates of deposits for seven years.
But analysts said despite their efforts banks would find it very difficult to increase their capital, with bad debts remaining the biggest hurdle, causing apprehension in the minds of investors about putting their money in banks.
Not long ago three struggling banks were bought by the State Bank of Việt Nam (SBV) for zero đồng.

Other banks have been placed under the SBV’s control to manage possible risks and prevent the erosion of their assets because their bad debts are almost equivalent to shareholders’ capital.

Why are banks looking to increase their capital at this difficult juncture?

The answer lies in the series of new regulations issued or to be by the central bank to improve banks’ health.
One of them is a road map for reducing from 60 per cent to 40 per cent the maximum ratio of short-term deposits that can be used for medium- and long-term loans. The 60 per cent ratio will remain unchanged this year before being reduced to 50 per cent next and 40 per cent in 2018.

Some 85-90 per cent of banks’ deposits are short-term (up to 12 months), while long-term loans account for 65-70 per cent of the total.

In this scenario a sudden decrease in the ratio of short-term funds used for medium- and long-term loans would cause an increase in loan interest rates and hit credit growth.

The SBV has issued a circular in preparation for the adoption of BASEL II standards by the banking system.
It says banks must have a capital adequacy ratio (CAR) of at least 8 per cent by 2020. CAR is the ratio of capital to risk-weighted assets.

As of last December, the average ratio stood at 12.8 per cent.

To be able to adopt Basel II standards, banks would have to increase capital as their capital adequacy ratio (CAR) would reduce.

This is because the capital requirements are stringent and the assets they have are risk-weighted, meaning the riskier the assets, the greater value they are assigned.

Lenders like BIDV, for instance, which has a CAR of around 9 per cent, would definitely have to increase their capital.
It goes without saying that increasing the capital will also help the banks improve their lending ability. 

Analysts believe the banks’ effort to increase their regulatory capital is the first step in preparing for a new period of development.

VN investors eye Laos
Vietnamese companies have invested US$5.1 billion in 269 projects in Laos, the second biggest by any country.
A majority of their projects are in property, particularly in hotels and housing areas.

Among the biggest investors are Long Thành, Hoàng Anh Gia Lai, Mường Thanh, Bim Group, and Hà Đô.
Long Thành Golf Investment and Trading Joint Stock Company’s $1 billion project will comprise a five-star hotel, an 18-hole golf course, luxury villas, schools, and a hospital on an area of 557.4 hectares.

Hoàng Anh Gia Lai Group will invest $35 million to build hospitals, transport infrastructure and housing in Attapeu and Sekong provinces.

Hà Đô Group is investing $250 million in building the first new urban area in Vientiane, the country’s capital.
Vietnamese real estate businesses are greatly interested in building hotels.

Bim Group and the Lao Ministry of Security have jointly invested in building the country’s first five-star hotel, Crowne Plaza. The hotel, which opened late last month, provides luxury accommodation for tourists in Vientiane.
In recent years Laos has been among the fastest growing economies in the region, with growth averaging around 7 per cent.

The tourism sector is also growing at a rate of knots -- 15.6 per cent a year on average – and contributing significantly to the country’s growth, meaning demand for accommodation and transport is also surging.
According to Savills, the retail space in Vientiane averaged just 0.10 square metres per capita, rather lower compared to other countries in the region, meaning the development potential for retail space is huge.
Besides, Vientiane’s office building market is only 0.6 per cent the size of Bangkok’s, 1 per cent of Jakarta’s and 3 per cent of Hà Nội and Hồ Chí Minh City’s.   

The apartment market is equivalent to 3 per cent of Bangkok’s and 13 per cent of Hà Nội’s.
The rapid economic growth and undeveloped real estate market have encouraged Vietnamese companies to intensify investment in this country.

Analysts are confident the Lao property market is set to boom.
Political and social stability, a rich and unique culture and a comfortable geographical position are huge advantages that enable Laos to attract more and more foreign investors, including Vietnamese, and tourists from around the world.

Higher fines for violations

A new Government decree imposes fines of VNĐ200,000 and 500,000 on people publicly distributing advertising leaflets that affect urban beauty and traffic safety, and VNĐ5 million and 10 million on the owners of the advertised products or services.

According to the decree, which amends regulations related to penalties for such violations, those putting up advertisements on electric poles, traffic lights and trees will be fined VNĐ1-2 million and the owners, VNĐ5-10 million.
Another new decree amending the penalties for administrative violations in fisheries and animal husbandry increases the fines drastically.

The decree, to come into effect on May 20, increases the fines for pumping water or other substances into animals before slaughtering or into animal products by four to five times to VNĐ20-30 million.

The fine for using banned substances in animal husbandry also quadruples to VNĐ40-50 million.

Those found transporting, trading or possessing animals or animal products containing banned substances will be fined VNĐ40-50 million. — VNS

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  VN Stock Market on 5 May 2017
Posted by: riorio - 05-07-2017, 08:24 PM - Forum: Stock forum - Replies (2)

is this change in trend?
VN-Index falls to 720 on bank losses

The benchmark VN-Index retreated to 720 points on Friday which represented a decline of 0.28 per cent as bank and agribusiness shares lost steam.
 [Image: VN-Index-falls.jpg]
Five of six listed banks on the HCM Stock Exchange lost value, including banks that rose in the previous sessions like BIDV (BID), Vietinbank (CTG), Vietcombank (VCB), Sacombank (STB) and Eximbank (EIB) with decreases of 0.3-2.5 per cent. Only Military Bank (MBB) bucked the trend with gains of 1.2 per cent.

Agribusiness like Hoang Anh Gia Lai Co (HAG) and Hoang Anh Gia Lai Agricultural Investment (HNG) and food producers like Masan Group (MSN), Vinamilk (VNM) and Kido Group (KDC) also fell.

“Negative trading today was mainly driven by profit-taking selling pressure on large-cap stocks which have gained substantially in the previous sessions such as Vinamilk and banks,” analysts at BIDV Securities Joint Stock Company (BSC) wrote in a note.

The VN-Index bouncing back to 720 points after the gauge dropped below this level in mid-session showed investors’ confidence in this level, BSC’s analysts said.

On the bright side, PetroVietnam Drilling and Wells Service (PVD) recovered following four consecutive losing sessions, rising by the maximum of 7 per cent in a single session on HCM City’s bourse to VND16,450 (US$0.72) a share.

Hoa Sen Group (HSG) was another big gainer among the top 30 shares by market value and liquidity, up 2.2 per cent to VND49,650 a share, after the steelmaking company announced a dividend rate of 50 per cent and bonus shares of 20 per cent.

On the Ha Noi Stock Exchange, the HNX-Index was up 0.21 per cent to end at 89.71 points. The northern gauge decreased 0.33 per cent on Thursday.

According to BSC’s analysts, cash flows seemed to withdraw from large-cap stocks and channel into medium- and small-cap stocks.
Most of the 10 most active stocks on the two exchanges on Friday had prices below VND10,000 a share.

Liquidity declined substantially in the two markets with a total of nearly 243 million shares worth a combined VND4.3 trillion ($189.4 million) traded, down 9.3 per cent in volume and 17.3 per cent in value compared to Thursday’s figures.

Foreign investors were mixed on Friday. They were net sellers in HCM City’s market for nearly VND33 billion but remained net buyers on the Ha Noi’s exchange with a net value of nearly VND3 billion.

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