Bloomberg News

Vietnam Stocks: Minh Phu, Danang Rubber, Ben Tre Aquaproduct

January 16, 2012

Jan. 16 (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, rose 1 percent to 357.87, the highest close since Dec. 22. The gauge rallied for a sixth day, the longest winning streak since a 13-day gain through Sept. 13.

Minh Phu Seafood Joint-Stock Co. (MPC VN), Vietnam’s second-biggest listed seafood company, climbed 4.6 percent to 18,200 dong. The company will establish a fish farm unit to ensure supplies for its seafood production, according to a statement on the exchange’s website.

Danang Rubber Joint-Stock Co. (DRC VN) added 4.7 percent to 17,900 dong, the most since Dec. 28. The company’s 2011 net profit reached 197.3 billion dong ($9.4 million), exceeding its target by 32 percent, according to a filing on the bourse’s website.

Ben Tre Aquaproduct Import & Export Joint-Stock Co. (ABT VN), a seafood exporter and processor, climbed 1.4 percent to 36,500 dong. The company plans to pay a 2011 dividend of 1,500 dong a share on Feb. 17, according to a company statement on the exchange’s website.

--Nguyen Dieu Tu Uyen. With assistance from Giang Nguyen. Editor: Chan Tien Hin

To contact the reporter 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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