The marketplaces increased today as well as in decent volumes. Market breadth expanded
as well as we additionally see that 41 problems went to the ceiling while 13 stocks was up to the
flooring. Foreigners were fairly energetic and internet buyers to a modest degree. The
executed market saw a huge trade in VCF and PVI then a smaller sized
sell VNM.
The marketplaces increased today as the revived FOL style pulled in much more investors.
Regional markets offered a steady backdrop while crude oil rates
trended higher. That was enough to allow capitalists to buy a residential
theme; particularly growing indicators that a variety of companies are increasing
their FOL. This style truly began to restore energy after Tet
with VNM announcing plans to tidy up their charter funds. And since then
names such VHC; EVE; MBB as well as BIC have all raised their FOL for one factor
or one more. With indications that one more handful of companies will certainly follow suit operating
approximately the AGM season.
• Financial institutions were extensively mixed to higher today led by QUOTE & VCB. Also as
EIB & STB fell back. While MBB; ACB as well as CTG were unchanged.
• BVH picked up speed while SSI as well as HCM delighted in very solid gains on the
broad FOL motif. News that Daiwa protections strategies to raise its risk
in SSI was welcomed well.
• Core SCIC 10 names such as VNM; FPT and also BMP all made wonderful gains.
While several newer FOL relevant names such as HHS; MWG & FCN
showed really strong gains today.
• Resource names were relatively solid led by GAS & PVD although they
shut here the highs of the day.
• Realty names were more soft today with minor actions by VIC &
BCI.
• Pharmaceutical names ran greater led by DHG again on continuing supposition.
The VN index just about verified a near term outbreak today with solid turn over
and modest international net purchasing. For now residential financiers will certainly do a lot
of the running as a lot of these FOL names are currently near to foreigners.
Nevertheless with MBB merely opened for the first time also we are most likely to
continuously see strong overseas passion there. The VN index will certainly proceed
to content greater for the time being as long as the abroad markets play along
to some extent. However for the first time given that last November we have the
probability of partly decoupling from the abroad markets.
FOL theme remains to excite market. A loads or two
names entailed.
Head of Research study - Fiachra Mac Cana
The marketplace took hold of the FOL style today again and pushed up the
rates of stocks where (1) the core business has no limitations and where
the FIGURE have either revealed the intent to raise the FOL and (2) the
core business has no limitations yet BODY has not made any statement
concerning its intents.
For some companies they only need to clean up the firm charter
- In the very first situation, the difficulties are fairly straightforward; specifically eliminating
recommendations to any sort of limited companies from the company charter (these.
are heritage issues when firms looked for to mention as many businesses.
as feasible in the business charter and in most cases never ever participated in.
a lot of them). Generally the timeline to eliminate these hurdles can be.
measured in weeks as well as the FOL of another 3-4 companies might open quickly.
(Proceeded overleaf).
Industry Moving companies.
(composite).
1D chg Weight.
Materials +0.42 % 6.39 %.
Consumer Staples +1.51 % 23.05 %.
Consumer Discernment +1.36 % 3.92 %.
Financials +1.16 % 43.25 %.
Healthcare +3.68 % 1.28 %.
Industrials +1.23 % 8.69 %.
Energy +2.46 % 1.29 %.
Infotech +0.88 % 2.06 %.
Utilities +0.79 % 10.07 %.
The Vietnam Daily.
February 22nd 2016.
HO CHI MINH CITY SECURITIES CORPORATION.
MARKET DISCOURSE.
Page 2.
FOL related tickers.
Companies whose core company is not restricted. As well as BODY has actually suggested it intends to enhance FOL.
Ticker Market capitalisation (VNDmn) Market capitalisation (US$ mn) Notes.
VHC 2,993,888 133.66 VHC has simply been provided authorization to enhance FOL to 100 %.
SSI 10,705,279 477.91 The very first business to raise their FOL to 100 % last September. Possession.
already over 51 % foreign possessed. As well as Daiwa Securities will obviously.
rise stake from 10-15 %.
BIC 2,251,716 100.52 Announced lifting of FOL to 49 %.
VNM 156,018,122 6,965.09 Functioning to amend the company charter by delting recommendations to limited.
companies. Likely to finish in March.
STK 1,437,957 64.19 No limited businesses. Waiting for official guidance.
BMP 5,957,681 265.97 No restricted company in the company charter and the business wishes to.
boost FOL.
HHS 2,563,995 114.46 No restricted company in the company charter as well as the company wants to.
rise FOL.
HTL 1,092,000 48.75 No restricted business in the firm charter as well as the business wants to.
rise FOL.
FCN 909,885 40.62 FCN would love to open up the FOL to 100 %. The FOL is full at 32.4 %.
presently as some is reserved for the CB conversion. FCN will certainly submit the.
ask for FOL open up in the annual investors' meeting which probably.
will certainly be held by the end of March.
CII 5,682,818 253.70 In October investors authorized to get rid of restricted companies from.
firm charter. Nevertheless ever since the firm has made little progress.
offered worries over the real estate business.
Firms whose core company is not restricted. Yet no intention from BOD to enhance FOL yet.
Ticker Market capitalisation (VNDmn) Market capitalisation (US$ mn) Notes.
HVG 3,102,839 138.52 No restricted company in the company charter. However the business has not.
made a decision to take any kind of action yet.
MSN 55,630,481 2,483.50 There is no limited business in the company charter. But they have no.
plan to raise FOL until now.
VCF 4,119,766 183.92 There is no restricted company in the business charter. However they have no.
strategy to raise FOL so far.
KDC 4,524,545 201.99 Unrestricted. However the firm does not want to raise FOL. Treasury.
buyback suggest that they are tightening ownership actually.
HCM 3,726,533 166.36 Unrestricted. The business has actually thought about raising the FOL. Issues over.
operational restrictions it were to end up being a foreign owned firm.
TCM 1,428,795 63.79 There are 2 limited businesses in the charter specifically medical services.
and also transport by road. BOM is considering just what to do.
MWG 11,146,943 497.63 Unrestricted. Nonetheless concerns over whether they would be.
treated as an international company. As a seller this is important.
Other firms favor to wait as well as see for now - Then we have a listing of firms where the core business isn't.
limited, nevertheless management hasn't made any type of clear-cut choice on whether or not to raise the foreign space. In.
some situations they could be simply waiting and also seeing particularly if the room is currently open as well as there is consequently little stress.
to act. In various other cases the absence of standards looks the [1]