Vietnamplus

Shares in securities companies seem to have lost their shine for investors in the face of fierce competition from foreign-invested firms.

Many leading Vietnamese securities firms reported lower profits in the first half of 2019, according to the Ho Chi Minh Stock Exchange (HOSE).

Liquidity of the banking system has been plentiful again after the Lunar New Year (Tet), helping the central bank net withdraw more than 51.55 trillion VND (2.2 billion USD) in the past week.

Interest rates for VND deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast.

Authorities need to closely control the rapid increase in Vietnam’s credit-to-GDP gap so as not to cause high inflation as in the past, experts have warned.

Property developers are looking to other channels to raise capitals, such as bond issuance, as credit policies for property development are gradually being tightened.

Vietnam National Shipping Lines (Vinalines) is due to sell more than 280 million shares in its initial public offering (IPO) at the Hanoi Stock Exchange (HNX) in early August.

The derivatives market proved its attractiveness when the value of transactions in this market rose threefold in April, when the stock market posted a downward trend, according to the Saigon Securities Inc. (SSI).

SSI targets pre-tax profits of 1.615 trillion VND (70.8 million USD) on revenues of 3.41 trillion VND (149.56 million USD) this year, year-on-year increases of 12 percent and 15 percent.

Saigon Securities Inc (SSI) issued convertible bonds worth a total 1.15 trillion VND (50.4 million USD), the company said on February 9.

Saigon Securities Inc. (SSI) was the biggest brokerage on the Hanoi Stock Exchange’s derivatives market last year with a 28.28 percent market share, according to an exchange report on the derivatives market.

Saigon Securities Inc (SSI) was the top brokerage by market share on the southern bourse in the second quarter.

Shares bounced back on July 5, boosted by strong capital inflows for large-cap stocks.

Shares advanced during the first session on May 3 after the National Reunification and International Labour holidays as investors remained positive about the market outlook.

Saigon Securities Inc (SSI) is collecting opinions of shareholders on an unlimited ownership rate of foreign investors in the company.