Can Tho Techno-Agricultural Supplies Joint-Stock Co., (TSC VN), one of Vietnam's biggest fertilizer importers, rallied 1,500 dong, or 2.3%, to 66,500. The stock hasn't dropped since June 20. Pham Van Manh, brother of Chief Executive Officer Pham Van Tuan, has purchased 2,000 shares and will buy 10,000 shares more to complete his plan in raising his stake to 0.4%, or 32,600 shares, from 0.25%, the bourse said on its Web site yesterday.
Thien Nam Trading Import-Export Joint-Stock Co. (TNA VN), based in Ho Chi Minh City, rose 600 dong, or 2.8%, to 22,300 dong, the highest since May 23. The company reported pretax profit surged 52% to 9.35 billion dong in the first six months this year, the exchange said in its today bulletin. Revenue increased 59% to more than 471 billion dong in the period, the report said.
Hoa Binh Construction & Real Estate Joint-Stock Co., (HBC VN) a Ho Chi Minh City-based builder and property developer, fell for a second day, sliding 800 dong, or 2.2%, to low of 36,200. Hoa Binh plans to issue more than 1.6 million additional shares to pay dividends, the bourse said today.
Major shareholder KITMC Worldwide Vietnam RSP Balance Fund also said it's sold 50,000 shares in Hoa Binh to cut its stake to 793,036 shares, or 5.87%, from 6.24 percent.
Ben Tre Aqua-Product Import-Export Joint-Stock Co., (ABT VN) which processes and exports seafood products, slipped 1,100 dong, or 2.9%, to 37,400 dong. Deutsche Asset Management, a unit of Deutsche Bank AG, sold 2,130 shares to cut its holdings to more than 1 million shares in Ben Tre, according to a statement posted on the bourse's Web site late yesterday. (Bloomberg)
