Vietnamplus

AirAsia Group of Malaysia said on November 24 that its net loss for the third quarter widened year-on-year due to the depreciation of right-of-use assets and lower travel demand.

Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) will pay its first cash dividend for the 2020 financial year on December 18.

Many banks have gained significant profit increases from foreign exchange (forex) trading this year, figures show.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits of 3.61 trillion VND (155.5 million USD) for the first nine months of 2020, a year-on-year increase of 31.9 percent and equivalent to 107 percent of the target.

The mobile phone retail business is believed to be saturated and will continue to face difficulties in growth.

Domestic and foreign capital flow is expected to bolster real estate shares after the COVID-19 pandemic as many investors are paying attention to the industry.

Despite short-term difficulties, the prospects for industrial park stocks will increase after the COVID-19 pandemic is over, driven by the relocation of global firms to diversify supply chains, with many picking Vietnam as their destination.

The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has been named among the top 50 best performing listed companies in Vietnam in 2019 (Top 50) by the “Nhip Cau Dau Tu” (Investment Bridge) magazine and the Thien Viet Securities JSC.

Some 329 listed companies on the Hanoi and Ho Chi Minh stock exchanges have met all information disclosure requirements, 70 companies more than last year, according to a survey on information disclosure on the stock market conducted by the IR Awards 2020 programme.

The successful global introduction of a Vingroup product – whether it’s a car or a ventilator – could change the way the world sees Vietnam.

Bank Central Asia (BCA), Indonesia’s largest lender by market capitalisation, reported 6.58 trillion rupiah (444 million USD) in net income in the first quarter of this year, up 8.5 percent against the first quarter of 2019, when it reported net income of 6.06 trillion rupiah.

Industrial park infrastructure development companies continue to do well amid the COVID-19 pandemic, and the industrial property sector is expected to thrive since Vietnam is considered among the most attractive investment destinations post-pandemic.

Masan Group Corporation (HOSE: MSN) has reported consolidated net revenues of 17.632 trillion VND (753.08 million USD) in the first quarter of financial year 2020, a year-on-year increase of 116.1 percent.

Thailand's Stark Corporation has completed the acquisition of Vietnam-based Thinh Phat Cables (Thipha) and Dong Viet Non-Ferrous & Plastic (Dovina) for a combined value of 240 million USD.

Natural rubber firms are making profits from non-core activities despite falling rubber prices on global markets.

Financial reports released by some banks in the first quarter have reflected the adverse impacts of the COVID-19 pandemic on their business activities, with declining profits and rocketing bad debts.

The Vietnam Maritime Commercial Joint Stock Bank (MSB) said it has completed the second pillar of Basel II standards that is supervisory review nearly one year ahead of the schedule set by the State Bank of Vietnam.

KB Kookmin bank, the biggest retail lender of the Republic of Korea, announced on December 26 that it has decided to acquire Cambodia's largest microfinance company in its latest move to bolster its presence in Southeast Asia.

The banking sector has recorded many important hallmarks in 2019, especially the adjustment of a series of policies to help stabilise credit institutions.

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