Bloomberg News

Vietnam Stocks: Cuu Long Petro, Hoa Phat, Royal International

October 31, 2011

Oct. 31 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped for the first day in four, falling 0.3 percent to 420.81. The gauge lost 1.6 percent this month, the first loss since July.

Cuu Long Petro Urban Development and Investment Co. (CCL VN), a property trader and developer, fell for a fourth day, slumping 4.6 percent to 10,500 dong, the lowest since Oct. 11. The company’s third-quarter net profit fell to 2.8 billion dong ($133,269), from 19.9 billion dong a year earlier, according to a statement on the exchange’s website.

Hoa Phat Group Joint-Stock Co. (HPG VN), Vietnam’s biggest listed steel producer, fell 2.2 percent to 26,700 dong. Hoa Phat’s net income declined to 102 billion dong in the third quarter, from 324 billion dong a year earlier, according to the company figures on the bourse’s website.

Royal International Joint-Stock Co. (RIC VN) plunged 4.4 percent to 8,600 dong. Vietnam’s biggest casino operator reported net income dropped 35 percent to 11.3 billion dong, according to a statement filed on the exchange’s website.

--With assistance from Diep Ngoc Pham in Hanoi. Editor: Matthew Oakley

To contact the Bloomberg News staff on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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