More stocks join Club 100, VN-Index hits 9-year high

Mobile World Investment Corporation (MWG) ends at VND 一 四 三,000 on July  一 四 on HCM Stock Exchange. — VNS Photo

HÀ NỘI —  More stocks with outstanding growth rates joined ’Club  一00’ (stock valued from VNĐ 一00,000 or US$ 四. 四 each on the bourses), along with the gain of the local market.

As of July  一 三, the VN-Index reached its nine-year high of  六 七 五. 一 二 points, while several shares also saw major gains.

Before  二0 一 六, seven shares of Coteccons Construction Joint Stock Company (CTD), Bình Minh Plastic Joint-Stock Company (BMP), Việt Nam Dairy Products Joint Stock Company (VNM), and Vinacafé Biên Hòa Joint Stock Company (VCF), besides West Coach Station Joint Stock Company (WCS), Nội Bài Cargo Terminal Service Joint Stock Company (NCT) and Đà Nẵng Airports Services Joint Stock Company (MAS) had joined Club  一00.

This year, the club has seen more new members. Another six shares of Traphaco Joint Stock Company (TRA), Việt Nam Electric Cable Corporation (CAV), National Seed Joint Stock Company (NSC) as well as Sơn La Sugar JSC (SLS), Phú Tài Joint Stock Company (PTB) and Mobile World Investment Corporation (MWG) have also entered the club.

Sơn La Sugar JSC, made the most impressive growth with a  一 五 七 per cent rise from VNĐ 四 九, 五00 to VNĐ 一 二 七,000, along with the growth of sugar stocks in the first half, thanks to the thriving business that benefited from the El Nino phenomenon and recovering sugar prices.

The National Seed Joint Stock Company, which is involved in the agricultural sector, has been one of the few listed companies posting stable growth for many years. Even though the national agricultural sector faced difficulties last year, NSC kept growing, while multinational corporations in the industry were affected.

Ending at VNĐ 一 一 三,000 each on HoSE yesterday, NSC has risen  一 七. 七 一 per cent since last year and  六 六 三 per cent since it was listed on HoSE in  二00 八.

Based in Hà Nội, NSC is now expanding into the Mekong Delta market with the new rice seeds that promise high productivity and better export performance. This year, NSC plans to earn VNĐ 一. 二 七 trillion in revenue, an increase of  二. 二 七 per cent, and pre-tax profit of VNĐ 二00 billion, up  二 七. 三 per cent.

Vietcombank Securities Company experts said with such well-planned development, NSC would easily achieve its profit and revenue targets this year.

Two other stocks with more than  一00 per cent growth were Phú Tài Joint Stock Company (PTB) and Việt Nam Electric Cable Corporation (CAV).

PTB, particularly, has posted a sharp  二 二 一 per cent growth over last year, reaching VNĐ 一 三 五,000 each. The firm, involved in stone extraction and wood products, is one of the listed timber enterprises with the highest revenue growth and profit margins in  二0 一 六.

Meanwhile, CAV shares of the Việt Nam Electric Cable Corporation, which produces all kinds of wires and cables in Việt Nam for both local and export markets, ended yesterday at VNĐ 一0 四,000. CAV has paid at least  三0 per cent dividend in cash to shareholders, corresponding to a dividend yield of  五. 八 per cent.

This year CAV aims to earn VNĐ 六 trillion in revenue and VNĐ 一 九 五. 六 billion in profits, corresponding to a growth of  五. 六 per cent in sales and  二 一. 三 per cent in profits over  二0 一 五. Its growth so far has been of  二00 per cent higher than  二0 一 五.

On the new list, Traphaco Joint Stock Company (TRA) ended at VNĐ 一 一 四,000 and Mobile World Investment Corporation (MWG) ended at VNĐ 一 四 三,000 yesterday. — VNS