Nnrx stock buy or sell

Vietcombank divested over $9 million from the share sale at the national airline Over the time period of January 25-February 8, the commercial bank was reported to conduct the stock transaction which subsequently downsized the bank’s proportion of shareholding at the national airline from the initial volume of 22.4 million shares to 14.8 million shares, commensurate with a reduction in the bank’s shareholding from 1.83 per cent to 1.21 per cent. As opined by the stock market’s analysts along the whole duration of the share deal, the commercial bank’s decision to divest such a hefty amount of stock at Vietnam Airlines was pondered as a “smart move” as the airline’s stock was regarded as an overweight on the domestic bourse with an unprecedented surging price of the ticker at VND70,000 ($3.07) per share. Briefly after the sale, the airline’s stock price plunged below VND50,000 ($2.2), a drop of roughly 30 per cent. The bottom of the … [Read more...] about Vietcombank sell-down sends national airline crashing

Overall, on the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, 101 stocks gained and 206 stocks lost at the end of Monday session. Vietnam’s index for its 30 highest market cap stocks, the VN30-Index, fell 0.89 percent to 892.48 points. The HNX-Index, which represents a separate market for smaller and mid-cap stocks, fell 0.43 percent, and the UPCoM-Index for unlisted public companies fell 0.71 percent. Blue-chips, real estate and oil and gas stocks were mostly losers in this session, with 12 stocks falling by above 2 percent. GAS shares of state-owned oil and gas corporation PetroVietnam Gas JSC fell 2.5 percent, and CTD shares of construction giant Coteccons dropped 2.9 percent. VIC shares of private conglomerate Vingroup and VHM shares of its real estate arm, the two largest market cap stocks on HoSE, also lost 0.2 and 1.1 percent respectively. The only exception to the general selling trend of the market were some banking stocks, such as MBB of … [Read more...] about Stock market down as trade war escalates

AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. The tie-up will likely face intense scrutiny by U.S. antitrust enforcers worried that AT&T might try to limit distribution of Time Warner material. AT&T will pay $107.50 per Time Warner share, half in cash and half in stock, worth $85.4 billion overall, according to a company statement. AT&T said it expected to close the deal by the end of 2017. Dallas-based AT&T said the U.S. Department of Justice would review the deal and that the companies were determining which Federal Communications Commission licenses, if any, would be transferred to AT&T in the deal. … [Read more...] about AT&T to buy Time Warner for $85 bln, create telecom-media giant

The shareholder meeting of Yeah1 took place on May 9 Yeah1’s management board on July 19 issued Resolutions No.1907A and No.1907B. Resolution No.1907A approves the loan guarantees for the company's subsidiaries, including TNT Advertising Communication JSC ($6 million), Yeah1 Entertainment JSC ($2 million), and Yeah1 Brand Development JSC ($2 million). In addition, Resolution No.1907B approved the parent company to take up additional loans of VND20 billion ($869,565). Thus, Yeah1’s total loan capital is VND250 billion ($10.87 million), including domestic- and foreign-currency loans. According to Yeah1’s management board, the loans will be used to supplement floating capital, optimising and expanding Yeah1's production activities. In the middle of June, Yeah1’s Board of Management approved Resolution No.1406B about setting a provision of $3.6 million for receivables related to the capital transfer at ScaleLab LLC. As Yeah1’s business performance has been … [Read more...] about Yeah1 announces plans to take up million-dollar loans

A BIDV office. The bank has been recognised for meeting the requirement of minimum capital adequacy ratio (CAR) set by Basel II. — Photo vietnambiz.vn The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has become the 16th Vietnamese bank to meet the minimum capital adequacy ratio set by Basel II standards. Another 15 banks including Vietcombank, TPBank, Asia Commercial Bank (ACB), Techcombank and Military Bank (MB). Two foreign-invested banks having met Basel II standards are Shinhan Bank and Standard Chartered Viet Nam. Basel II requires banks to have a capital adequacy ratio (CAR) of at least 8 per cent. BIDV in early November completed the biggest deal in the Vietnamese banking sector after selling 603.3 million shares to the South Korean bank KEB Hana to raise its charter capital by VND20.3 trillion (US$876 million) to VND40.22 trillion. The State Bank of Viet Nam (SBV) in 2016 set a deadline of January 1, 2020 for 17 banks to meet Basel II … [Read more...] about BIDV meet Basel II standards