Bloomberg News

Vietnam Stocks: Ben Thanh, Vietcombank, Techno-Agricultural

March 22, 2012

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

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, was little changed, at 445.67. The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, fell 0.3 percent to 505.54.

Ben Thanh Trading & Service Joint-Stock Co. (BTT) , which offers trading, financial and real-estate services, rose 1 percent to 20,100 dong, the highest close since Feb. 1. Ben Thanh’s pretax profit increased 12 percent from a year earlier to 7.5 billion dong ($360,000) in the first two months of 2012, according to a company statement on the exchange’s website. Revenue rose to 54.6 billion dong, 27 percent more than the same period last year, it said.

Joint-Stock Commercial Bank for Foreign Trade of Vietnam (VCB VN), the country’s biggest listed lender by market value, increased 0.7 percent to 30,000 dong, the highest close since March 5. The bank forecast pretax profit in 2012 will rise 15 percent to 6.55 trillion dong, it said in a statement on its website.

Can Tho Techno-Agricultural Supplies Joint-Stock Co. (TSC) , one of Vietnam’s biggest fertilizer importers, dropped 0.8 percent to 13,000 dong, falling for the first time in three days. The company forecast pretax profit will fall 23 percent to 22 billion dong this year, according to the exchange’s website.

To contact 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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