Week 23/10 – 27/10

bid.vn, cii.vn, kbc.vn, pdr.vn, ssi.vn, vhm.vn, vpb.vn,

Company

BID VN: plans to increase its charter capital by a maximum of VND6,419 bn through issuing shares to pay stock dividends in 2021 at the rate of 12.69%.

BID VN: successfully issued VND2,500 bn in bonds to finance environmental projects.

CII VN: announced that CII Bridge and Road Investment Joint Stock Company (CII B&R) has been approved by state agencies to officially hold 89% of shares at Trung Luong – My Thuan BOT Joint Stock Company.

KBC VN: approved increasing the charter capital of its subsidiary, Trang Cat Tu Urban Development One Member LLC from VND6,630 bn to VND12,681 bn. The latest time to complete capital contribution is November 15th.

KBC VN: wants to borrow a maximum of VND5,500 bn from two subsidiaries.

PDR VN: announced that the Binh Dinh Department of Construction has issued construction license No. 08/GPXD for the residential area project combined with urban renovation of Bac Ha Thanh with total value of VND2,000 bn.

SSI VN: plan to issue shares to increase charter capital to nearly VND19,645 bn. Firstly, SSI will issue 10 mn ESOP shares. Secondly, SSI plans to issue 302.2 mn bonus shares at the rate of 20%. Lastly, SSI will offer shares to existing shareholders at the rate of 10% at the price of VND15,000 /share (equivalent to 151.1 mn shares).

Comment: All the local brokers are going to have to raise a LOT OF EQUITY in the coming 12 months as they’ll need the balance sheet necessary to stay in business as the SSC is determined to move the country from a “frontier market” to “emerging market status”

VHM VN: Green City Development Joint Stock Company  (a subsidiary of VHM) was approved as the investor of a 200ha project with a total investment capital of VND28,000 bn in Long An

VIC VN: is offering a maximum of $300 mn in convertible bonds for VHM shares, due in 2028. Bond interest rates range from 9.5% – 10%/year and interest is paid quarterly.

Comment: This funny money group just killed the market.

VPB VN: announced the completion of the private placement of 15% shares to SMBC with total value of VND35,900 bn (equivalent to $1.5 bn).

Comment: And now the financial status of VPB is secured, so onwards and upwards (after cleaning out all those pesky NPLs from FE Credit)

Country

• Remittances to Ho Chi Minh City surpassed US$6.6 bn in 9M, a record high for the three-quarters-of-a-year mark. The amount, a 40% surge yoy, is more than all HCMC remittances recorded last year.
• In 8M, Vietnam attracted more than 18.15 bn USD of foreign investment capital, +8% yoy. Among these, capital from Singapore continues to lead with 3.83 bn USD.
• Outstanding loans owed by real estate businesses had reached VND986.5 tn as of August 31, up 27% yoy.
• In the first half of October, the nation earned US$14.2 bn from exporting, raising the total export value from the beginning of the year to October 15 to US$272.74 bn, a decrease of over US$24 bn yoy. Phone and components took the lead with US$41.47 bn throughout the reviewed period, followed by computers, electronic products and components, machinery, equipment, tools, spare parts, along with garments and textiles.
• Singapore has issued permits to a company to import 1.2 gigawatts of low-carbon electricity from Vietnam as part of its plan to import 4 GW by 2035.
• According to statistics, total interest from margin and receivables of securities companies in 3Q is estimated to reach more than 4,800 bn VND, + 13% yoy and +21% QoQ.
• The overnight interbank interest rate soared from 1.47%/year to 2.22%/year on October 23rd, the highest level since June 12th.
• The total foreign investment capital (FDI) registered in Vietnam reached nearly $25.76 bn (+14.7% YoY). In which, the real estate business continues to rank second with a total registered investment capital of nearly $2.14 bn (-45% YoY).

Earnings

DGC VN: recorded, in Q32023, net revenue of VND2,463 bn (-33% YoY) and PAT of VND761 bn (-46% YoY). For 9M2023, DGC’s net revenue reached VND7,360 bn (-35% YoY) and PAT reached VND 2,389 bn (-47% YoY), achieving 66% of the revenue plan and 84% of the year’s profit target. Also, DGC announced to pay in advance cash dividends in 2023 at a rate of 30%. The closing date is December 20th, corresponding to the ex-dividend date is December 19th.

HCM VN: recorded, in Q32023, revenue of VND824 bn (+8.5% YoY) and PAT of VND266 bn (+29% YoY). For 9M2023, revenue and PAT reached VND2,042 bn and VND617 bn, respectively (-32% YoY).

TCB VN: announced PBT of VND5,843 bn in Q32023 and PBT of VND17,115 bn in 9M2023.

PNJ VN: recorded, in Q32023, net revenue of VND6,918 bn (-6% YoY) and PAT of VND253 bn (same as last year). For 9M2023, PNJ recorded VND23,377 bn in net revenue (-9% YoY) and VND1,340 bn in PAT, achieving 66% of revenue target and 69% of yearly profit target.

PDR VN: recorded, in Q32023, net revenue of VND355 bn and PAT of VND102 bn (-86% YoY). For 9M2023, PDR recorded VND550 bn in net revenue and VND401 bn in PAT (-63% and -72% respectively YoY).

TPB VN: recorded, in Q32023, revenue of VND4,214 bn (+11.9% YoY) and PAT of VND1,262 bn (-26.2% YoY). For 9M2023, TPB recorded VND11,790 bn in revenue and VND3,969 bn in PAT (-1.4% and -16.3% respectively YoY).

VND VN: recorded, in Q32023, revenue of VND1,751 bn (+22% YoY) and PAT of VND636 bn (nearly 6 times higher YoY). For 9M2023, VND recorded VND4,628 bn in revenue and VND1,197 bn in PAT (-8% and -13% respectively YoY).

NLG VN: recorded, in Q32023, revenue of VND357 bn (-63% YoY) and PAT of VND66.3 bn (8 times higher YoY). For 9M2023, NLG recorded revenue of VND1,545 bn (-43% YoY) and PAT of VND194 bn (+63% YoY), completing about 23% of the year’s plan.

ANV VN: recorded, in Q32023, net revenue of VND1,099 bn (-11% YoY) and PAT of VND1 bn (-99% YoY). For 9M2023, ANV’s net revenue reached VND3,328 bn, PAT was VND42 bn (-11% and -93%, respectively YoY), achieving 64% of the revenue plan and 21% of the profit target.

HAX VN: recorded, in Q32023, net revenue of VND1,115 bn (-43% YoY) and PAT of VND8.3 bn (-86% YoY). For 9M2023, HAX reached VND2,905 bn in net revenue, nearly VND13 bn in net PAT (-44% and -93%, respectively YoY).

VHM VN: recorded, in Q32023, net revenue of VND32,700 bn (+84% YoY). For 9M2023, VHM’s net revenue reached VND94,600 bn and PAT was VND32,400 bn (+62% YoY).

VIC VN: recorded, in Q32023, net revenue of VND47,948 bn (+66.8% YoY) and PBT of VND4,475 bn. For 9M2023, VIC’s net revenue reached VND134,207 bn (+122% YoY) and PBT reached VND12,375 bn (+42% YoY), completing 78% of the year plan.

DCM VN: recorded, in Q32023, net revenue of VND3,011 bn (-9% YoY) and PAT of VND74 bn (-90% YoY). For 9M2023, DCM’s net revenue is VND9,036 bn and PAT is nearly VND617 bn (-21% and -81% respectively YoY), completing 47% of the year plan.

VRE VN: recorded, in Q32023, net revenue of VND3,333 bn (+66% YoY) and PAT of VND1,317 bn (+66% YoY). For 9M2023, VRE’s net revenue reached VND7,449 bn, PAT reached VND3,341 bn (+43% and +72%, respectively YoY).

ACB VN: recorded, in Q32023, net revenue of VND5,556 bn (+21.7% YoY) and PAT of VND4,038 bn (12.6% YoY). For 9M2023, ACB’s net revenue reached VND16,507 bn (+23.9% YoY) and PAT reached VND12,038 bn (+11.3% YoY).

DBC VN: recorded, in Q32023, net revenue of VND2,709 bn (-24% YoY) and PAT of VND12 bn (-94% YoY). For 9M2023, DBC recorded VND8,496 bn in net revenue and nearly VND19 bn in PAT (-9% and -92% respectively YoY).

SAB VN: recorded, in Q32023, net revenue of VND7,415 bn (-14% YoY) and PAT of VND1,044 bn (-22% YoY). For 9M2023, SAB recorded VND21,941 bn in net revenue and VND3,171 bn in PAT (-12% and -24% respectively YoY). Also, SAB has more than VND22,000 bn in bank deposits, accounting for 67% of assets.

VGC VN: recorded, in Q32023, net revenue of VND3,471 bn (+8% YoY) and PAT of VND413 bn (+87% YoY). For 9M2023, VGC’s net revenue reached nearly VND10,174 bn (-10% YoY) and VGC’s PAT reached VND1,200 bn (-23% YoY), achieving 65% of the revenue plan and exceeded the profit target for 2023 by 31%.

VIB VN: recorded, in 9M2023, total revenue of over VND16,300 bn (+22% YoY) and PBT of VND8,325 bn (+7% YoY). Also, VIB total assets reached VND384,500 bn (+11% YoY).