Vietnamplus

Increasing demand for green, environmentally-friendly materials and devices may help Viglacera earn higher-than-expected pre-tax profits this year.

VNDirect Securities Corporation (VNDS) expects its post-tax profit to grow 31 percent year on year in 2019 to 487 billion VND (20.9 million USD), attendees heard at the firm’s annual shareholder meeting on April 18.

Vietnamese shares are forecast to advance in March as investors may seize the chance to invest in companies that are about to provide clearer visions for 2019 at their annual shareholder meetings.

Shareholders of Vietnam Airlines will gather at the annual general meeting in Hanoi on May 10, the third one since the company completed equitisation in 2015, to discuss a series of important issues including the modification of the internal management regulations.

Foreign investors can now acquire more than 49 percent of shares, the previous limit on foreign ownership, in PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), the operator of Phu My fertilizer plant.

Low-cost airline Vietjet Air aims to earn nearly 51 trillion VND (2.24 billion USD) in revenue and over 5.8 trillion VND (254.4 million USD) in profit, up 20.5 percent and 10 percent, respectively in 2018.

The Saigon – Hanoi Bank (SHB) plans to raise its charter capital by more than 1.2 trillion VND (52.8 million USD) to 13.24 trillion VND (582.56 million USD) in 2018.

Agriculture firm Hoang Anh Gia Lai (HAGL) has predicted 6.33 trillion VND (281.5 million VND) in total revenue and 552 billion VND in pre-tax profit in 2017, the company announced at its recent annual shareholder meeting.

Truong Thanh Furniture Corporation may issue 100 million shares, worth 1 trillion VND (44.4 million USD), to raise capital for restructuring its debt and improving production.

Shares recovered on the two local markets on April 26 after gloomy trading sessions as investor confidence was picked up by positive moves in global markets.

Vietnam Airlines convened an extraordinary general meeting on Feb 20 to discuss reports on selecting strategic investors amendments to statutes, and elect additional members to the Board of Directors.

The State Bank of Vietnam has recently approved in principle a merger between the Song Da Finance Company (SDFC) and the Military Commercial Joint Stock Bank (MBBank).

Hanoi-based brokerage IB Securities JSC and its shareholders decided on September 21 to become the second financial firm in Vietnam to allow foreign investors to own up to 100 percent of its company.