Vietnam 

TPBank to buy back 24 million treasury shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  TPBank’s trading office in HCM City’s Thủ Đức District. The bank plans to buy back 24 million treasury shares in 2019-20. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Tiên Phong Joint Stock Commercial Bank (TPBank) has announced it will buy back 24 million treasury shares. Transactions are expected to start on June 10 after the bank gets approval from the State Securities Commission. TPBank is holding nearly 5.55 million treasury shares. The bank has charter capital of VNĐ8.56 trillion (US$368.3 million). In 2019 and 2020, TPBank plans to raise its charter…

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US stocks fall as Huawei ban fallout hits tech shares

US stocks slid on Monday as the White House’s restrictions on Chinese telecoms equipment maker Huawei Technologies weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.Since the White House added Huawei to a trade blacklist last week, several companies have suspended business with the world’s largest telecom equipment maker.Alphabet Inc’s Google has moved to stop providing Huawei with access to its… Source link

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Vietnam 

Khang Điền House to issue 130 million shares for dividend and bonus payments – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HÀ NỘI — Khang Điền House Trading and Investment JSC (HoSE: KDH) plans to issue 130 million bonus shares for dividend payments and employee stock ownership plan (ESOP) distribution. Five per cent of the 130 million shares, equal to 20.7 million shares, will be paid as dividends to shareholders. The issuance rate is 5 per cent. The remainder will be bonus shares issued at a rate of 25 per cent.  In addition, the company plans to issue 6.2 million ESOP shares for its employees at a rate of 1.5…

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Vietnam 

VN shares rise despite global losses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Workers at PetroVietnam Power Corporation (POW). POW hit its ceiling price on Tuesday. — Photo petrovietnam.petrotimes.vn   HÀ NỘI — The escalation of the US-China trade war continued to cast a shadow over global markets on Tuesday, but Vietnamese shares still posted gains.   The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.71 per cent to end at 965.34 points. Liquidity improved and stayed above the 20-day average, meaning that cash flow was gradually returning to the market. More than 158 million shares were traded on the southern bourse,…

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Vietnam 

Shares gain despite regional troubles – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vinamilk dairy farm in the southern province of Tây Ninh. The company’s shares yesterday increased 2.92 per cent to VNĐ133,900 per each. — VNA/VNS Photo Đức Hoảng HÀ NỘI — In spite of the drop of other Asian markets, Việt Nam had a good start on Monday as many large-caps gained ground. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.63 per cent to end at 958.54 points. More than 232 million shares were traded on the southern bourse, worth VNĐ4.5 trillion (US$193 million).…

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HKEX posts bright first-quarter profit, boosted by surge in foreign trading of A shares

Hong Kong Exchanges and Clearing (HKEX), the city’s stock exchange operator, reported better-than-expected first-quarter earnings, as investment income and surging cross-border trading of mainland Chinese shares boosted revenue.The operator of Asia’s third-largest stock market reported on Wednesday a 2 per cent rise in net profit to HK$2.6 billion (US$332 million) for the January-to-March quarter from the same period last year, beating the market consensus estimate of a 6 per cent decline,… Source link

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Vietnam 

Foreign funds to offload GTN shares, paving way for Vinamilk’s acquisition – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Mộc Châu dairy cow farm. GTNFoods holds about 75 per cent in Vietnam Livestock Corporation (Vilico), which holds 51 per cent of Mộc Châu Dairy Cow JSC, the largest dairy cow farm in the North. — Photo of GTNFoods HÀ NỘI — Tael Two Partners Ltd, one of the two major foreign stakeholders of GTNFood Joint Stock Company, has registered to offload its entire holding in the Vietnamese food company.   The deal will pave the way for Vinamilk to acquire a larger stake in the ownership of Mộc Châu Milk.…

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Vietnam 

Shares end week negatively with low liquidity – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Photo shows an office of Bảo Việt Bank, a member of the insurance-finance group Bảo Việt Holdings (HoSE: BVH). Bảo Việt’s shares dipped 6.9 per cent on Friday, totalling a two-day sharp fall of 13.9 per cent. — VNA/VNS Photo Trần Việt HÀ NỘI — Markets concluded the week on a negative note due to poor investor sentiment and low liquidity. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.45 per cent to close at 974.14 points on Friday. The VN-Index inched down 0.12 per cent on Thursday.…

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Vietnam 

Quảng Ngãi Sugar JSC to issue 58.5 million dividend shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A production line at one of Quảng Ngãi Sugar JSC’s factories. The company will issue 58.5 million dividend shares for 2018 and finalise the list of beneficial shareholders on May 10. — Photo vietnamfinance.vn HÀ NỘI — Quảng Ngãi Sugar JSC (UPCoM: QNS) will issue more than 58.5 million dividend shares for 2018 at the rate of 20 per cent. That means each shareholder will receive 20 new shares for every 100 shares they own. The value of the deal is VNĐ585 billion (US$25 million). The share issuance will help increase…

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Shares in Chinese health care firms, beer and liquor makers set to benefit from higher weighting in MSCI global benchmarks, says HSBC

Shares in Chinese health-care firms, beer and fiery liquor makers are likely to get a boost when the MSCI quadruples the weighting of the country’s stocks in its global benchmarks, according to fund managers at HSBC’s investment arm.The index compiler announced plans to boost the representation of Chinese stocks on February 28, raising the inclusion of yuan-traded shares – known as A shares – to 20 per cent from the current 5 per cent by November.“We are quite positive about health-care… Source link

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