Bioalpha dividend

The company’s unreviewed operating results for Q2/2022 registered revenue from sales of VND101.7 trillion (US$4.4 billion), a flat q-o-q and an increase 14 percent y-o-y mainly due to higher sales across all businesses from higher product prices in-line with market prices. Profit for the period is VND6.6 trillion (US$289 million), a decrease of 42 percent y-o-y from rising feedstock costs in the chemicals business following global oil prices as well as lower equity information at the chemicals business. Profit for the period registered an increase of 12 percent q-o-q due to dividend income from investment businesses. Long Son Petrochemicals Company Limited (LSP) in Vietnam SCG’s revenue from sales for the first half of 2022 rose 19 percent y-o-y to VND207.3 trillion (US$9 billion). SCG’s revenue from sales of high-value added products & services (HVA) for H1/2022 reached VND69.6 trillion (US$3.1 billion), or 34 percent of total revenue from sales. Development … [Read more...] about SCG announces Q2/2022 and H1/2022 operating results

SCG’s Q2/2022 operating results show continuous revenue growth despite energy costs’ effects on profits, maintaining robust financial standing. Roongrote Rangsiyopash, president and CEO at SCG disclosed, “Despite volatile situations with crisis upon crisis such as inflation, rising interest rates, increased energy and raw material costs, and climate change, SCG continues to adapt, resulting in strong overall business and financial performance. Innovative product and service developments are in full gear, especially eco-friendly items with SCG Green Choice labels and innovations to meet consumers’ demands for safety and convenience, catering to the tourism and service sector’s recovery as borders fully open." "Moreover, strategic investments are being prioritised, resulting in the delay of new projects that are non-urgent while still going through with quick-return projects and ones that are aligned with the company’s long-term growth plans. This includes the Long Son … [Read more...] about SCG accelerating strategies to address myriad of challenges

Pre-tax earnings sank 15 percent to US$9.2 billion after it took a $1.1-billion hit on possible credit losses "to reflect heightened economic uncertainty and inflation", HSBC said. The result "reflected a more normalised level of expected credit losses compared with the Covid-19 releases made last year, as well as the macroeconomic impact of the Russia-Ukraine war", added Chief Executive Noel Quinn. HSBC H1 pre-tax profit falls, dismisses calls for split - illustration photo / ISAAC LAWRENCE / AFP However, net profit rose 14 percent to US$8.3 billion in the reporting period partly on a large one-off tax credit. - Quarterly dividends - The annual revenue outlook was positive, Quinn noted, with net interest income expected to reach at least US$31 billion this year and US$37 billion next year as interest rates rise. The group was confident of achieving its best returns in a decade in 2023. "We also intend to revert to quarterly dividends in 2023," he added. … [Read more...] about HSBC H1 pre-tax profit falls, dismisses calls for split

Although all the micro-economic and macro-economic advantages are available, it seems that there is no key catalyst for trending towards a new growth level at the stock market. Profits vary Initial statistics show that around 600 corporations have made public their financial statements in the second quarter of 2022. The number could be a bit higher if all the estimated figures were actively made public. Figures will continually be updated over the next few days, but the sales and profits of listed corporations will rise positively. For instance, as estimated by Vndirect Securities Corporation, considering 590 corporations listed by 26 July the total sales and profits in the second quarter increased by 25.3% and 17.9% respectively, over the same period last year. Stocks with high capitalization of more than VND 10,000 bln have recorded an average of 34.3% increase in sales and 24.9% in net profits. It is certainly normal for the stock trading market to have dark and bright … [Read more...] about Stock market showing no indication of growth