Why is renault stock so cheap

Before the trading session, investors received positive information from the global stock market, especially the US stock market. The stock market of the world-leading economy rallied in the first trading session of a new week after dropping at the end of last week in the context that investors' concerns about the Fed's decision to raise interest rates were higher than the forecast and risks of economic depression. Specifically, the Dow Jones Industrial Average jumped 641.47 points, or 2.15 percent, to 30,530.25 points. The S&P 500 also rose by 2.45 percent to 3,764.79 points. Both indexes recorded the strongest increase in June. The Nasdaq Composite alone surged 2.51 percent to 11,069.30 points. The prosperity of the US stock market is the motivation for investors to jump in and catch the bottom right from the first minutes of the morning trading session. Although the VN-Index suffered the selling pressure from large-cap stocks and sometimes retreated sharply to 1,160 points, … [Read more...] about VN-Index declines for five straight days despite support from banking stocks

Curbs to stop the virus in Shanghai, China's fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port. The city's re-opening this month saw a flood of goods ship from warehouses to store shelves already laden with merchandise unsold during two months of lockdown. Normally around a fifth of all imported goods coming into China pass through Shanghai's port. Days after Covid-19 curbs eased, large "sales" signs went up across Shanghai, with retailers from Lululemon to Victoria's Secret offering discounts to lure shoppers. Even online retailers have struggled to clear a glut caused by lockdowns and supply interruptions. "This affected us a lot," said Josh Gardner, founder and chief executive of China market e-commerce partner Kung Fu Data, which manages online stores for 10 fashion brands, including G-Star Raw. "In April, May on (China's major … [Read more...] about Shanghai’s fashion stores struggle to clear lockdown stock hangover

The Land Cruiser LC300, a new version of one of the most sought-after SUVs made by the Japanese automaker, has not been available for pre-order at many dealerships in the two cities since March. Some customers who were able to place pre-orders do not know when exactly their cars would be delivered. Dealerships say it could take nearly a year. Toyota is facing issues with supply of some models, including the Land Cruiser, due to the shortage of parts, a company representative said. Because of the shortage, customers are now buying pre-order contracts from those who have placed the order but no longer have a demand for the car. The new Land Cruiser was first sold in Vietnam in August last year with a price tag of VND500 million ($21,517), but on the secondary market it is being sold at VND700 million or even VND1.6 billion, which is 40-320 percent higher. Toyota ranked second in sales behind Vietnam's Truong Hai Auto Corporation in the first months with 37,906 units, up 57 … [Read more...] about Toyota Land Cruiser out of stock in Vietnam

Indices advanced on Thursday morning, backed by recoveries in energy and seafood stocks after a strong sell-off in the previous session. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) struggled as it curbed the early loss to end higher in the morning trade. Of which, the benchmark rose 0.64 points, or 0.05 per cent, to 1,169.91 points. It gained despite the 30 biggest stocks tracker VN30-Index still losing 2.08 points, or 0.17 per cent, to 1,225.1 points. The southern market's breadth remained in negative territory with more stocks declining than increasing. Liquidity also fell sharply compared to the previous session. Accordingly, the matching value on the HoSE tumbled 35.3 per cent to VND4.42 trillion (US$190.1 million). However foreign investors net bought more than VND140 billion on the southern bourse in the morning session. On the Ha Noi Stock Exchange (HNX), the HNX-Index climbed 1.82 points, or 0.68 per cent, to 271.21 points. Leading the … [Read more...] about Market inches higher on energy, seafood stocks

A worker operating a production line inside a Duc Giang Chemical plant in Hung Yen Province. In 2022, Duc Giang Chemical Group Joint Stock Company (DGC) sets a target of VND12.1 trillion in revenue and VND3.5 trillion in profit after tax. — Photo ducgiangchem.vn Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors. The stock market last week recorded four out of five declining sessions, of which the first session of the week recorded the strongest decline with the VN-Index losing more than 57 points. Some investors see this as an opportunity to hunt for cheap stocks. Pham Dinh Cong from Ha Noi told tinnhanhchungkhoan.vn that he had taken the opportunity to buy some stocks in the past week, prioritising the enterprises with good financial status and growth potential, such as the chemical group. According to ACB Securities Company (ACBS), in May 2022, the industrial production index of the chemical … [Read more...] about Chemical firms see growth potential thanks to rising selling prices

The index closed 3.2 points lower after losing over 41 points this week. Trading on the Ho Chi Minh Stock Exchange fell by 15.6 percent to VND13.31 trillion ($572.7 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gain, with SSI of leading brokerage SSI Securities and STB of HCMC-based lender Sacombank closing at ceiling prices. They gained 6.9 and 6.8 percent, respectively. Three bank stocks, TCB of Techcombank, MBB of MBBank and VPB of VPBank, followed, rising 4.4 to 5.5 percent. Other winners included HPG of steel giant Hoa Phat, up 3.4 percent, and ACB of lender Asia Commercial Bank, up 3.3 percent. Twelve blue chips fell, led by two energy tickers: GAS of Petrovietnam Gas and POW of Petrovietnam Power. They both hit floor prices, losing 6.8-6.9 percent. FPT of IT giant FPT Corp closed 5.2 percent lower, and MWG of electronics retailer Mobile World dropped 5 percent. Foreign investors were net buyers to the tune of VND24.1 … [Read more...] about VN-Index hits 14-month low

About 2.47 quadrillion VND was raised for the State budget in the primary G-bond market over the last 12 years. (Photo: VNA) Hanoi (VNA) – The Government bond market of Vietnam officially became operational at the Hanoi Stock Exchange (HNX) on September 24, 2009. Since then, about 2.47 quadrillion VND (108.5 billion USD) has been raised for the State budget from the primary market to support socio-economic development in the country. More than 206 trillion VND worth of G-bonds has been raised for the State budget annually, accounting for almost 10 percent of total investment in society in 2020 and 28.3 percent of that by the State sector last year. Bond issuance volume up, interest rates down The HNX said that in order to mobilise the above mentioned sum of money, it has organised more than 2,600 auctions, with 60 - 70 percent of the bonds offered successfully sold on average. Notably, interest rates in the G-bond market have declined considerably over the past 12 … [Read more...] about Over 108.5 billion USD raised from primary G-bond market in 12 years

People buy smartphones at Mobile World Investment's store in Hà Nội. MWG shares lost more than 5 per cent yesterday. — VNS Photo Mai Hương HÀ NỘI — Shares continued to slide in HCM City but recovered in Hà Nội on Wednesday as liquidity decreased on widening divergence. On the Hồ Chí Minh Stock Exchange, the VN-Index inched down 0.27 per cent to close at 1,169.27 points. The VN-Index has dropped for four consecutive sessions with a total loss of 5.5 per cent. The market breadth was positive, however, with 300 stocks rising, 196 declining and 68 closing flat. Divergence also widened with 125 stocks hitting the ceiling and 55 dropping to the floor prices. Industries performing positively recently such as retail, information technology, fisheries and utilities declined sharply. Meanwhile, steel, banking and securities stocks soared. In the red side, big losers included PV Gas (GAS), PV Power (POW), FPT Corp (FPT), Mobile World Investment (MWG) and top three … [Read more...] about Shares mixed on sliding liquidity

A chart showing the number of listed companies meeting stock market information disclosure requirements in 2011-22. — VNS Photo Some 385 listed companies on the Ha Noi and Ho Chi Minh stock exchanges, or 52 per cent, have met all information disclosure requirements, according to a survey conducted by the 2022 IR Awards programme. The survey, done between May last year and April this year by Vietstock, the Viet Nam Association of Financial Executives and FILI magazine, was based on criteria for disclosure of information set by the Ministry of Finance and other agencies. According to the organisers, the percentage of listed companies meeting information disclosure standards has risen since 2011 from only 3 per cent to 52 per cent. In 2021 and 2022 the number exceeded 50 per cent, showing that businesses are increasingly paying more attention to compliance, they said. Of the 385 listed companies that complied with information disclosure obligations, the banking industry led … [Read more...] about Only half of listed companies comply with information disclosure norms

It was led by angel investor Clement Benoit and U.S.-based startup accelerator Y Combinator. The money will be used to improve its app by building a social network in it so users can share their investment knowledge. Anfin was launched in October last year and has raised around $7 million to date. Its app allows users to invest as little as VND10,000. Its CEO, Phuoc Tran, said the app has over 100,000 active accounts with a total transaction value of $10 million. Benoit said creating a product that serves many groups of people in society is the right move in a big market such as Asia. He hoped the company would branch out to other countries and succeed in its social investing business model. Interest in stocks remains sky-high in Vietnam, with 476,300 new accounts opened in May, a new record. Phuoc said despite the volatility in the market, stocks remain an asset class with great prospects. Data from investment fund Dragon Capital Vietnam shows that in the last five … [Read more...] about Financial startup Anfin raises $4.8 mln