Monday, November 18, 2019 6:58:23 PM - Markets open
VN-INDEX 1,002.91 -7.12/-0.70%
HNX-INDEX 105.15 -0.88/-0.83%
UPCOM-INDEX 56.91 -0.09/-0.15%
More listed businesses post profit gains in first half - 7/11/2018 1:56:16 PM
 (0 ratings. You must sign in to rate.)
In the early days of July, many listed companies have reported positive earnings for the first half of this year. Most are leading companies in their industries.
At the end of June, some commercial banks have updated their business results with high profit growth and the prospect of exceeding their full-year target.
Vietcombank (VCB), the biggest listed bank by market value, posted pre-tax profit of over VNĐ7.72 trillion (US$335.7 million) in the first half, up 53 per cent against the same period of last year and equivalent to 55 per cent of its yearly target.
The financial indicators which measure the bank’s profitability, such as net interest margin (NIM), return on average asset (ROAA) and return on average equity (ROAE) have also outperformed the general market ratios and increased sharply compared to 2017.
In terms of profit growth, Tiên Phong Bank (TPB) led the sector with first-half pre-tax profit of over VNĐ1 trillion, a rise of 121 per cent year-on-year and exceeding its six-month target by 12 per cent.
The second-largest listed lender Vietinbank (CTG) also estimates its six-month pre-tax profit of about VNĐ5.2 trillion, up over 8 per cent against last year.
In the securities sector, Saigon Securities Inc (SSI) was the first firm to report first-half profit, bringing in VNĐ885 billion and registering 20-per-cent growth.
The HCM City-based company continues to lead the brokerage market in both exchanges in HCM City and Hà Nội. Its marketshare reached 20.91 in the first six months, far exceeding second-place Hồ Chí Minh Securities Corp with 11.73 per cent.
In the retail sector, Digiworld Corp (DGW) posted first-half earnings of VNĐ42 billion on total revenue of VNĐ2.63 trillion, up 45 per cent in profit and 69 per cent in revenue against the same period of last year.
According to the company, strong growth in sales of mobile phones (up 345 per cent) and office equipment (52 per cent) drove its strong performance.
State-owned glass and construction material producer Viglacera estimates its pre-tax profit hit about VNĐ500 billion, equivalent to last year’s first half number. But its second-quarter profit alone surged 33 per cent to VNĐ353 billion.
The company said it has faced strong competition from other domestic producers and import sources. However, as it is operating in both the construction and real estate sectors, the company still expects the full-year results to increase by 7 per cent against last year.
Many other companies have also updated their shareholders with their estimates of first-half earnings, including Vicostone (VCS), PetroVietnam Technical Services Corp (PVS), Sao Ta Foods (FMC) and Vnsteel-Vicasa (VCA). – VNS
Read original article here
Newer News
16:08 E1VFVN30: Announcement of the change of listing
16:05 Warrant. SBT.KIS.M.CA.T.01: Notice of issue of covered warrant
16:03 Warrant. MSN.KIS.M.CA.T.02: Notice of issue of covered warrant
15:54 FUCTVGF2: NAV week from 08 Nov 2019 to 14 Nov 2019
15:48 FUCTVGF1: NAV week from 08 Nov 2019 to 14 Nov 2019
15:45 FUESSV50: Basket of component securities 18 Nov 2019
15:43 E1VFVN30: NAV 17 Nov 2019
15:42 E1VFVN30: Basket of component securities 18 Nov 2019
15:40 E1VFVN30: Announcement after exchange trading 15 Nov 2019
15:25 VNM: Report on results of trading of shares by affiliated organization - Platinum
Older News
11/07 TPB: IFC arranges $100m loan for TPBank to promote digital financial services to MSMEs
10/07 BSR changes to joint stock model
06/07 VNM: Vinamilk’s products present in 43 countries
03/07 Masan Consumer inks strategic partnership with South Korean meat producer
02/07 Vietcombank’s pre-tax profit up 52 percent in six months
02/07 HPG: Hoa Phat Dung Quat Steel JSC improves administration capacity
28/06 VCB: Vietcombank to apply Basel II next month
28/06 Banks optimistic about growth rate this year
28/06 NLG: Nam Long kicks off Waterpoint township in Long An province
28/06 Traphaco and Cadivi fined for tax arrears
Newsletter Signup
Top Stories
VN30 firms take 92% of all top listed firms’ total Q3 profits
Reference exchange rate unchanged on November 13
VN-Index slides for second day
Reference exchange rate reverses downward trend on October 23
Prices of Grade A office space rise due to low supply
Market Update
Last updated at 3:10:01 PM
VN-INDEX 1,002.91 -7.12/-0.70%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.