Bloomberg News

Vietnam Stocks: Huu Lien, Hung Vuong, Tan Dai Hung, Sao Vang

April 27, 2012

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 (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 0.8 percent to 473.77. The measure climbed 1.7 percent this week, its fourth weekly gain.

Huu Lien Asia Corp. (HLA) , which manufactures steel and stainless-steel pipe, slid 1.5 percent to 6,500 dong. The company posted a loss of 19.24 billion dong ($922,560) in the first quarter, according to a statement on the bourse’s website. It didn’t give a reason for the loss.

Hung Vuong Corp. (HVG) , the third-largest listed seafood producer and exporter, gained 3.7 percent, to 36,500 dong. Hung Vuong plans to pay a dividend of 1,000 dong a share on Jun. 29, it said on the exchange’s website.

Tan Dai Hung Plastic Joint-Stock Co. (TPC) , a Ho Chi Minh City-based company that makes plastic bags, jumped by the maximum daily limit of 5 percent to 14,800 dong, the highest close since May 7, 2010. Tan Dai Hung’s first-quarter net profit rose to 33.9 billion dong from 226 million dong a year ago, according to a statement posted on the stock exchange’s website.

Saovang Rubber Joint-Stock Co. (SRC) surged 4.9 percent to 17,000 dong, the highest close since Jul. 14. The company’s first-quarter net profit surged 9.5 billion from 1.1 billion dong a year earlier, it said in a statement.

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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