Bloomberg News

Vietnam Equity Movers: Thien Nam Trading, Bourbon Tay Ninh

April 10, 2012

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. local-time close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 0.12 point, or less than 0.1 percent, to 450.85.

Thien Nam Trading Import Export Corp. (TNA) , an importer of confectionery and trader of electrical appliances, steel and truck components, gained 2.1 percent to 19,900 dong, the highest close since March 5.

The company forecast net income will rise 3.7 percent to 112.5 billion dong ($5.4 million) this year, it said in a statement filed on the bourse’s website.

Societe de Bourbon Tay Ninh Joint-Stock Co. (SBT VN), Vietnam’s largest-listed sugar company, rose by daily limit of 5 percent to 16,800 dong, the highest level since March 2008. The stock may have surged on news the company will pay a 2012 dividend of 2,000 dong, General Director Nguyen Ba Chu said in a phone interview.

“Investors may see that our company has good foundation and is moving in the right direction,” he said.

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

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


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