Sabeco

According to SABECO, its consolidated financial statement for the second quarter saw an increase of 67 per cent in after-tax profit, which reached $78 million. SConsumers stuck inside for many months last year want to spend more on a good time this year At the end of the first six months of the year, SABECO recorded revenues of VND16.3 trillion ($708.7 million), up 24.7 per cent over the same period; and profit after tax reached VND3 trillion ($130.4 million), up 47.2 per cent on-year. In which, the gross profit margin in the period reached 32.3 per cent, the highest since 2016. SABECO explained in its filing to the stock market that in the first half of 2022, net sales and profits have improved and are higher than last year as the country emerged from lockdowns and various consumer promotion programmes for its brands were unveiled. “The company has enhanced production efficiency and implemented cost-saving measures that have helped to minimise the impact of the … [Read more...] about SABECO results brewing up success

At the signing ceremony of the agreement (Photo: VNA) Hanoi (VNA) - Vietnam's largest brewer Sai Gon Beer-Alcohol-Beverage JSC (SABECO) has agreed a deal to become the leading and exclusive partner for Vietnam’s national football teams from July 2022 to July 2025. agreement , which was signed between SABECO, the Vietnam Football Federation (VFF) and the VTVcab Sport Development Joint Stock Company (VTVCab Sport), was announced by SABECO on July 4 in Hanoi. SABECO was the diamond sponsor for SEA Games 31, the sole sponsor for the doping control programme at SEA Games 31, and a sponsor of the 7-player national football championship – SaiGon Beer Cup. VNA … [Read more...] about SABECO renews deal to sponsor national football teams for three years

The market fell on Thursday morning, weighed by risk-lowering sentiment. However losses were capped by gains of big stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index dropped 1.21 points, or 0.1 per cent, to 1,248.55 points. It had rose for three consecutive sessions this the week. The market's breadth was negative, with more stocks declining, while liquidity remained low. The benchmark index's reversal was due to losses of some large-cap stocks, especially in the energy sector. But the VN30-Index, tracking the 30 biggest stocks on the HoSE, still ended the morning trade with an increase of 3.35 points, or 0.26 per cent, to 1,273.18 points. In the VN30 basket, 11 stocks jumped, while 17 slid and two stayed flat. The HNX-Index on the Ha Noi Stock Exchange (HNX) dropped 0.77 points, or 0.26 per cent, to 297.34 points. Leading the bearish trend was PV Gas (GAS), down 2.05 per cent. It was followed by BIDV (BID), Masan Group (MSN) and Sabeco (SAB), both down at … [Read more...] about Market reverses rally on losses of oil stocks

The figure included the 885 million USD equity purchase of Korean KEB HANA Bank for 15 percent stake of the Bank for Investment and Development of Vietnam (BIDV) announced on July 22. Since 2018, Vietnam has emerged as a big M&A market in the Southeast Asian region with many big value deals. Total M&A value last year reached 7.64 billion USD, down 25 percent compared to 2017’s record value of USD 10.2 billion. However, if excluding the USD 5 billion deal of ThaiBev’s purchase of Sabeco’s equity in 2017, the 2018’s M&A value still increased by 41.4 percent year-on-year. Dang Xuan Minh, General Director of AVM Vietnam, said foreign investors were seeking opportunities in the consumer goods manufacturing and real estate industries in Vietnam to capitalize on the huge market of more than 96 million people. “At a Bloomberg’s investment conference in Thailand recently, many foreign investors expressed their keen interest in Vietnam’s market and want to seek opportunities … [Read more...] about M&A value reaches USD 5.43 billion in seven months

A customer at Vietcombank's transaction office in Hau Giang Province. The bank shares surged in the afternoon trade, lifting the market benchmark VN-Index. — VNA/VNS Photo Hong Thai Benchmark indices traded differently on Thursday, as selling pressure countered risky asset demand. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) picked up slightly 4.39 points, or 0.35 per cent, to 1,254.15 points. It fell in the morning trade due to rising sell-off force. The market’s breadth was positive, while liquidity was still low. Accordingly, investors poured over VND17 trillion (US$726.8 million) into the southern bourse, equivalent to a trading volume of nearly 724.75 million shares. The index escaped the downtrend thanks to the breakthrough of Vietcombank (VCB) and increases in some pillar stocks, and set a fourth straight daily gain. The VN30-Index, which tracks the 30 biggest stocks by market capitalisation on HoSE, rose 7.9 points, or 0.62 per cent, to 1,277.73 points. … [Read more...] about Market struggles due to mixed forces

The market was mixed on Friday morning as lingering selling pressure continued to weigh on investor sentiment. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) declined by 3.34 points, or 0.27 per cent, to 1,250.81 points. The index fell sharply since the market opened, but gains in some large-cap stocks cushioned the losses. The market’s breadth was negative with 258 stocks decreasing, while 174 increased. Liquidity continued its recent downtrend, of which the matching value on the HoSE dropped 17.5 per cent to VND7.8 trillion (US$336.4 million), equal to a matching volume of 353 million shares. The market benchmark’s pull back was due to losses in pillar sectors, including banking, manufacturing and real estate industries. The VN30-Index also posted a slide of 5.37 points, or 0.42 per cent, to 1,272.36 points. In the VN30 basket, only nine stocks picked up, while 20 were down and one stayed flat. Leading the bearish trend, Vinhomes (VHM) plunged by 1.43 per cent … [Read more...] about VN-Index slides lightly on low-risk sentiment

On the Ho Chi Minh Stock Exchange, the VN-Index edged down 0.11 per cent to close Friday at 1,252.74 points. It had gained nearly 4 per cent in the previous four sessions. An investor makes transaction at a brokerage in Ha Noi. The VN-Index edged down 0.11 per cent on Friday after rising for four straight days.-VNA/VNS Photo Tran Viet Liquidity also declined with nearly 699 million shares worth VND15.6 trillion (US$672.4 million) being traded, down 3.5 per cent in volume and 8.5 per cent in value compared to the previous session and the lowest of the week. “Given the rising streak over the past week, the demand became timid, meaning the VN-Index was unable to extend its gaining force and retreat to the reference level,” said Phuong Pham, a stock analyst at Viet Dragon Securities Co. Blue chips' slump weighed on the market. Only eight of the top 30 shares by market value and liquidity gained value while 18 declined and four were flat. Securities companies surprised … [Read more...] about Shares retreat after four-day rally, liquidity declines