Bloomberg News

Vietnam’s Stocks: Danang Rubber, FPT, Taicera, Thuan An Wood

February 01, 2012

Feb. 1 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, rose for a third day, gaining 0.7 percent to 390.67, the highest since Dec. 5.

Rubber Stocks: Danang Rubber Joint-Stock Co. (DRC VN) gained 3.8 percent to 19,000 dong. Southern Rubber Industry Joint-Stock Co. (CSM VN) advanced 4.2 percent to 10,000 dong, the highest since Nov. 11. Saovang Rubber Joint-Stock Co. (SRC VN) rose 4.5 percent to 7,000 dong, the highest since Dec. 21.

Rubber extended gains after posting the best monthly advance in two-and-a-half years on speculation that Thailand’s plan to buy the commodity above market rates will reduce global supplies. The July-delivery contract climbed as much as 1.5 percent to 319.7 yen a kilogram ($4,195 a metric ton) on the Tokyo Commodity Exchange.

FPT Corp. (FPT VN), Vietnam’s biggest publicly traded telecommunications and software company, rose 1.6 percent to 50,500 dong, the highest since Jan. 16. Its 2011 profit climbed 34 percent to 1.69 trillion dong ($80 million), the company said in an e-mailed statement yesterday. Revenue increased 26 percent to 25.9 trillion dong, it said.

Taicera Industrial Ceramics Joint-Stock Co. (TCR VN), which manufactures and ships ceramic tiles, lost 4.9 percent to 5,800 dong, the biggest drop since Nov. 7. Its fourth-quarter profit plunged 70 percent to 8.83 billion dong on higher raw-material, fuel and labor costs, the company said in an exchange statement.

Thuan An Wood Processing Joint-Stock Co. (GTA VN), a manufacturer and trader of wooden furniture, dropped 3.7 percent to 7,800 dong, the most since Dec. 28. Its fourth-quarter profit fell 15 percent to 2.4 billion dong, according to a filing with the bourse.

--Diep Ngoc Pham. Editor: Matthew Oakley

To contact Bloomberg News staff for this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

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


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