Sabeco

Last October, false information reached the public about SAB being under the ownership of a Chinese company. However, the news was quickly stamped out as Deputy Minister of Industry and Trade Do Thang Hai affirmed that ThaiBev subsidiary Vietnam Beverage seized 53.59 per cent of SAB’s shares at a National Assembly meeting in the same month. … [Read more...] about Sabeco streamlines operations fueled the profit

The company, owned by Thai beverage giant ThaiBev, said that the profit plunge came as Vietnam imposed social distancing measures and closed "non-essential" businesses to contain the novel coronavirus. Authorities ordered most businesses, including restaurants and bars, to close in March and April. … [Read more...] about Brewer Sabeco sees profits plummet

Large-caps were weighed down by selling pressure, including Bank for Development and Investment (BID), Hoa Phat Group (HPG), Military Bank (MBB), Vietcombank (VCB), PetroVietnam Gas JSC (GAS), Vinamilk (VNM), Vietinbank (CTG), FPT Corporation (FPT), Vietjet (VJC), Sabeco (SAB), Techcombank (TCB) and Phu Nhuan Jewelry (PNJ). … [Read more...] about Shares decline on selling pressure, bottom purchase supports market

REE, in the past few years, has identified hydropower as an alternative long-term direction in addition to manufacturing refrigeration appliances, and has consistently been raising its stakes in several hydropower plants in central and southern Vietnam, Mirae Asset noted. … [Read more...] about VN-Index down slightly as liquidity surges

Best performing blue-chips included dairy firm Vinamilk (VNM), rising 0.7 per cent, Techcombank (TCB), gaining 1.2 per cent, PetroVietnam Gas JSC (GAS), up 0.4 per cent, Refrigeration Electrical Engineering Corporation (REE), increasing 5 per cent, Phat Dat Real Estate Development JSC (PDR), growing 3.7 per cent, Mobile World Group (MWG), rising 0.5 per cent, Techcombank (TPB), climbing 1.1 per cent, HDBank (HDB), rising 0.7 per cent. ‘ … [Read more...] about Shares struggle as large caps vary