Vietnam 

State-owned blue chips not suitable for covered warrant trading – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Phú Nhuận Jewellery store in District 1, HCM City. The company is among the six stocks being traded on the covered warrant market. – Photo pnj.com.vn HÀ NỘI – Securities companies participating in the new covered warrant market may find it less attractive to trade covered warrants of large-cap State-owned companies due to their low free-floating ratios. Covered warrants are a new investment tool that allows holders to buy or sell a specific amount of equities, currency or other financial instruments, usually to or from a bank or similar financial institution, at a specified…

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Vietnam 

Blue chips drag markets down – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Gas bottles being filled at the Vietnam Gas Corporation in the southern province of Cần Thơ. — VNA/VNS Photo Hà Thái HÀ NỘI — Shares tumbled yesterday on low liquidity due to profit-taking pressure, moving in reverse to regional markets. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 1.67 per cent to close at 943.11 points. Liquidity remained low with about 159 million shares traded on the southern bourse worth VNĐ3.5 trillion (US$80 million). The index slid 0.10 per cent to close Wednesday at 959.13 points. In recent days, the global…

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Home 

Hong Kong insurer Blue Cross adopts blockchain to speed up medical claims, eliminate fraud

Hong Kong’s insurance firms are fast embracing technology to keep up with their more nimble rivals.On Tuesday, Blue Cross (Asia-Pacific) Insurance said it has become the first insurer in the city to launch a blockchain-backed solution to speed up medical insurance claims and prevent fraud, adding that the distributed ledger technology will also help the company cut costs.Rivals Prudential, HSBC Life and Bowtie Insurance have started selling insurance products and processing insurance claims… Source link

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Vietnam 

Stocks fall, dragged down by blue chips – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares declined for a third session on Thursday as the market reversed quickly at the end of the trading session, dragged down by blue chips in the banking and energy sectors. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 2.05 per cent to close at 981.78 points, finally falling below the 1,000-point level maintained during the last seven sessions. More than 200 million shares were exchanged on the southern bourse, worth VNĐ4.3 trillion (US$184 million). The…

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Vietnam 

Global ETFs may eye eight VN blue chips – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Eight large-cap stocks may be included in the Financial Times Stock Exchange (FTSE) Emerging Markets Index if Việt Nam gets upgraded from a frontier to an emerging market in 2020. — Photo vietnambiz.vn HÀ NỘI — Eight large-cap stocks may be included in the Financial Times Stock Exchange (FTSE) Emerging Markets Index if Việt Nam gets upgraded from a frontier to an emerging market in 2020, according to Bảo Việt Securities Company (BVSC). In a recent report,…

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Vietnam 

Blue chips drive indexes upwards – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares gained again on Monday afternoon as cash continued to pour into some individual large-caps, supporting the indices. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 1.09 per cent to close at 961.30 points. The southern market index gained 4.64 per cent last week. More than 194.6 million shares were traded on the southern bourse, worth nearly VNĐ4.1 trillion (US$175.3 million). In the afternoon, strong gains of blue chips such as DHG Pharmaceutical Joint…

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Singapore 

Did you notice the sky ‘split’ into 2 shades of blue over some areas in Singapore? Here’s what it is, Singapore News

If you were out and about on Wednesday evening (Feb 13), you may have noticed a strange phenomenon in the sky. Stomp contributors Lynette and Albert noticed the sky had been ‘split’ into two shades of blue and shared photos of what they saw. Lynette witnessed the unusual sight in the sky over the Jurong area at about 7pm while Albert told Stomp he noticed it as he was driving from Tampines to Bedok Reservoir at around 7.10pm. Albert said: “The sky appeared two have two colours, a darker side and…

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Vietnam 

Prosthetics start-up wins Việt Nam Blue Venture Award – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – Vulcan Augmetics, a start-up that produces modular, affordable prosthetics for everyone, has been named winner of the first Việt Nam Blue Venture Award. The award is part of a global entrepreneurial award, The Venture, that honours social entrepreneurs who aspire to promote positive changes in the world and spread the message that a company can both do business well and create a social impact. It also seeks to create a platform for young entrepreneurs, enabling them to reach out internationally to…

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Vietnam 

Shares rally on upbeat blue chips – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The markets rallied on Thursday thanks to strong investor interest in large-cap stocks and positive information from the global market. The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.20 per cent to 924.42 points. It added 0.39 per cent to close at 922.56 points on Wednesday. On the Ha Noi Stock Exchange, the HNX-Index climbed 0.63 per cent to end at 104.55 points. It slipped 0.01 per cent to end at 103.90 points on Wednesday. Nearly…

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Home 

Short-seller Blue Orca puts Pinduoduo in its sights, betting on a 59 per cent plunge in stock price

The share prices of Pinduoduo, a Chinese e-commerce platform that lets shoppers use social networks for group discounts, are poised for a 59 per cent fall because the company inflated its 2017 revenue, according to a short-selling firm. The Shanghai-based retailer, backed by China’s dominant social network operator Tencent Holdings, inflated its gross merchandise volume (GMV) figure – a measure of goods sold over its platform – for five quarters until the three months that ended in March 2018, and inflated its 2017 revenue by 40 per cent, said Blue…

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