Masan Acquires Tuong An Vegetable Oil
May 17, 2012 (Vietnamica) — Rumor about Masan (HOSE: MSN) acquiring Tuong An Oil Company (HOSE: TAC) has been on the market for months. Believe it or not, let’s look at the following rationales.
May 16, 2012 (Vietnamica) — Sacombank (HOSE: STB) is planning to issue 5-year US$200 million international bonds those are unsecured and nonconvertible (Intellasia, May 16).
How Long Is DPM Going Remain This Low
May 16, 2012 (Vietnamica) — This is a very short update on the “diamond” ticker – DPM, which is buy-rated by Vietnam Finance. Let’s see the real profit generating ability of DPM in Q1.2012 reports as follows.
May 15, 2012 (Vietnamica) – Want a very quick solution to the privatized gains and socialized losses of modern financial services…? As I was reading of yet another spectacular mismatch between bank managers’ competence and their remuneration, and this time at JP Morgan no less, I realized there is a simple solution which really could be implemented.
Vietinbank Sold 5-year US$250 Mln International Bond; Offered Yield of 8.25 Pct
May 11, 2012 (Vietnamica) — Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank, HOSE: CTG), on May 10, sold 5-year US$250 million international bonds. This is the first ever international bond offering by a Vietnamese financial institution. The bond was priced at 98.992 percent with a coupon of eight percent to offer a yield of 8.25 percent (The Asset, May 11).
CSM (Casumina) Is Turning Blue Chip
May 11, 2012 (Vietnamica Finance) – Casumina (HOSE: CSM) is turning a blue chip on the Vietnamese stock market. CSM dived to the bottom of VND8,200 (~US$0.40) at the beginning of Jan. 2012. Its price was double in mid-Apr. CSM closes today session at new record high VND29,700 (US$1.4). The company’s fundamentals and future success make the story.
