Vietnam: Police Arrested Vinalines’ Executives
May 19, 2012 (Vietnamica) — Police has detained Mai Van Phuc (former CEO, currently Deputy Director of Transportation Department, Ministry of Transport), Tran Huu Chieu (vice CEO of Vinalines, deputy Secretary of Communist Party Committee at Vinalines). The Police also tried but failed to arrest Duong Chi Dung, former chairman of Vinalines and currently head of Maritime Department, MoT. Dung did not appear in both his office and home (Lao dong, May 19).
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.
Vietnam: Urea Prices Surged; Supply Reportedly SufficientMay 16, 2012 (Vietnamica) —Vietnam Agriculture Magazine (May 14) reported that urea prices kept going up. In the last 2 weeks, Phu My urea fertilizer was up from US$0.537 per kilogram to USD0.584. Meanwhile, the Fertilizer Association of Vietnam affirmed that there is no shortage of supply as compared with the current demand for agricultural production.
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.
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.
Some Business Performance and Financial Indications of Masan Group
May 4, 2012 (Vietnamica) — Masan Group (HOSE: MSN) was listed on Ho Chi Minh Stock Exchange on Nov 5, 2009 at the price of VND43,000 per share. On Sep 16, 2011, MSN reached its peak of VND158,000 per share. When today trading session closed, MSN was traded at VND108,000 per share.
