Bloomberg News

Vietnam Stocks: Anvifish, Hoa Phat, Phuoc Hoa, Tay Ninh Rubber

May 02, 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, fell 0.3 percent to 472.46.

Rubber Stocks: Phuoc Hoa Rubber Joint-Stock Co. (PHR) , the country’s biggest listed rubber company by market value, jumped 4.3 percent to 36,400 dong, the highest close since March 24, 2011. Tay Ninh Rubber Joint-Stock Co. (TRC) increased 3.8 percent to 47,000 dong. Thong Nhat Rubber Joint-Stock Co. (TNC) gained 4.2 percent to 17,500 dong.

Rubber climbed to a three-week high after data showed manufacturing in the U.S. grew and auto sales topped analysts’ forecasts in April, boosting the demand outlook for the commodity used in tires and gloves.

Anvifish Joint-Stock Co. (AVF) , a fish-farm operator, dropped 4.9 percent to 15,400 dong, the biggest decline since Feb. 1. Its unconsolidated net profit fell 33 percent to 14.3 billion dong ($0.7 million) in the first quarter, according to an exchange filing.

Hoa Phat Group Joint-Stock Co. (HPG) , Vietnam’s biggest listed steel producer, slid 3.1 percent to 25,200 dong. Its first-quarter net income plunged 63 percent to 195.3 billion dong, according to a statement with the bourse.

Thuan An Wood Processing Joint-Stock Co. (GTA) , a manufacturer and trader of wooden furniture, advanced 4.6 percent to 9,100 dong, the highest close since Sept. 19. The company will pay a 2011 dividend of 900 dong a share on May 31, according to an exchange statement.

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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