Bloomberg News

Vietnam Stock Movers: Chuong Duong Corp., Hoa Binh Rubber

April 13, 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. close in Ho Chi Minh City.

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped for the first time in seven days, losing 0.6 percent to 462.52. The gauge advanced 3.4 percent this week.

Chuong Duong Corp. (CDC) , an infrastructure construction company, rose 2.5 percent to 8,100 dong, the highest close since March 26. The company forecast pretax profit will rise 6.7 percent to 25 billion dong ($1.2 million) this year, it said in a statement. Chuong Duong also plans to pay a dividend of 1,500 dong a share, according to the statement.

Hoa Binh Rubber Joint-Stock Co. (HRC) fell 4.6 percent to 41,300 dong, the biggest decline since April 5. Hoa Binh Rubber expects net income to fall to 108 billion dong this year, Dau Tu Chung Khoan magazine cited the company as saying. Revenue is forecast to drop to 462 billion dong, according to the report. Net income and revenue last year was 128 billion dong and 688 billion dong, respectively, according to a company filing on the stock exchange’s website.

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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