Q2 2024 - Vinamilk (VNM VN)
Vietnam's largest, listed, dairy company posted its highest profit in 11 quarters. Q2 revenue was VND16.656 trillion, was up +10% YoY, and was also a new 'quarterly' record. Profit After Tax (PAT) was VND2.695 trillion (up +21%, YoY). Over the first six months of 2024, Vinamilk revenue was VND30.768 trillion (up +6%, YoY) and Profit After Tax (PAT) was VND4.309 trillion (up +19%, YoY). VNM VN closed at VND X per share ( 1m, and 6M).
PVI Holdings (PVI VN)
Institutional investors related to IFC collectively sold 87.7% of their registered-to-sell shares
According to the latest disclosure, three institutional investor related to IFC which are: (1) IFC Emerging Asia Fund, LP; (2) IFC Financial Institutions Growth Fund, LP; and (3) International Finance Corporation (World Bank); reported that they had sold 2.76 million, 2.76 million, and 2.37 million PVI VN shares respectively, out of 3 million registered-to- sell shares of each investor. Collectively, they already sold 7.89 million shares, which means 87.7% complete of their initial plan of selling 9 million shares. IFC also explained that the market momentum was not favorable.
Meanwhile, the strategic investor and the indirect parent company of PVI Holdings, HDI Global SE, had registered to buy 7 million PVI VN shares at the same time and 4.98 million shares were purchased at the time of writing. PVI VN closed at VND53,000 per share on 1 August 2024, down -13.1% from it's all-time high of VND61,000 per share in June 2024.
Adani Group (India) - Expresses Investment Interest In Vietnam
Prime Minister Pham Minh Chinh and Chairman Gautam Adani meet as a part of a State Visit to India. In the meeting Chairman of Adani has expressed interest in the possible disbursement of funds into key projects in Vietnam. Of which being Lien Chieu Port (Da Nang), Vinh Tan 3 thermal-electric power plant with a possible investment value of USD 2 billion, and USD2.8 billion respectively. Further discussions mentioned Adani Group's interest in participating in the phase 2 construction of Long Thanh International Airport. LTI is among the latest airports to be managed by the Airports Corporation of Vietnam (ACV VN) ; its stock closed at VND113,000 per share (down -4.8, 1M; up +44.1%, 6M).
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