More stocks join Club 100

Hanoi (VNA) - More stocks with outstanding growth rates joined 'Club 100' (stock valued from 100,000 VND each on the bourses), along with the gain of the local market.

As of July 13, the VN-Index reached its nine-year high of 675.12 points, while several shares also saw major gains.

Before 2016, seven shares of Coteccons Construction Joint Stock Company (CTD), Binh Minh Plastic Joint-Stock Company (BMP), Vietnam Dairy Products Joint Stock Company (VNM), and Vinacafé Bienhoa Joint Stock Company (VCF), besides West Coach Station Joint Stock Company (WCS), Noi Bai Cargo Terminal Service Joint Stock Company (NCT) and Da Bang Airport Services Joint Stock Company (MAS) had joined Club 100.

This year, the club has seen more new members. Another six shares of Traphaco Joint Stock Company (TRA), CAV, National Seed Joint Stock Company (NSC) as well as Son La Sugar JSC (SLS), Phu Tai Joint Stock Company (PTB) and Mobile World Investment Corporation (MWG) have also entered the club.

Son La Sugar JSC, made the most impressive growth with a 157 percent rise from 49,500 VND to 127,000 VND, along with the growth of sugar stocks in the first half, thanks to the thriving business that benefited from the El Nino phenomenon and recovering sugar prices.

The National Seed Joint Stock Company, which is involved in the agricultural sector, has been one of the few listed companies posting stable growth for many years. Even though the national agricultural sector faced difficulties last year, NSC kept growing, while multinational corporations in the industry were affected.

Ending at 113,000 VND each on HoSE on July 14, NSC has risen 17.71 percent since last year and 663 percent since it was listed on Hose in 2008.

Based in Hanoi, NSC is now expanding into the Mekong Delta market with the new rice seeds that promise high productivity and better export performance. This year, NSC plans to earn 1.27 trillion VND in revenue, an increase of 2.27 percent, and pre-tax profit of 200 billion VND, up 27.3 percent.

Vietcombank Securities Company experts said with such well-planned development, NSC would easily achieve its profit and revenue targets this year.

Two other stocks with more than 100 percent growth were Phu Tai Joint Stock Company (PTB) and Vietnam Electric Cable Corporation (CAV).

PTB, particularly, has posted a sharp 221 percent growth over last year, reaching 135,000 VND each. The firm, involved in stone extraction and wood products, is one of the listed timber enterprises with the highest revenue growth and profit margins in 2016.

Meanwhile, CAV shares of the Vietnam Electric Cable Corporation, which produces all kinds of wires and cables in Viet Nam for both local and export markets, ended on July 14 at 104,000 VND. CAV has paid at least 30 percent dividend in cash to shareholders, corresponding to a dividend yield of 5.8 percent.

This year CAV aims to earn 6 trillion VND in revenue and 195.6 billion VND in profits, corresponding to a growth of 5.6 percent in sales and 21.3 percent in profits over 2015. Its growth so far has been of 200 percent higher than 2015.

On the new list, Traphaco Joint Stock Company (TRA) ended at 114,000 VND and Mobile World Investment Corporation (MWG) ended at 143,000 VND on July 14.-VNA