Tiêu đề
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Ngày
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Nguồn
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Ngôn ngữ
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Loại
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Số trang
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Kích thước
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Review 2011 and Outlook 2012
The 2011 macroeconomic picture in Vietnam saw some mprovements with record low trade deficit, balance of payment surplus, decreased budget deficit, and stable domestic consumption. Inflation, however, remained high despite...
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13/01/2012
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Horizon Securities
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Tiếng Anh
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10
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269 Kb
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Refrigeration Electrical Engineering Corporation - Company visit note
We believe that a sum of the parts valuation is most appropriate given REE’s diversified business lines. For the M&E and ReeTech businesses, we have applied a 12x and 13.4x...
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08/03/2010
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Horizon Securities
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Tiếng Anh
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8
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131 Kb
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CMC Corporation - Company note
At VND28,700 (US$1.55) per share, CMG will be valued at 12.7x FY2010 P/E, a 34% premium to its regional peers in the technology sector. Since its debut on HOSE, CMG...
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25/02/2010
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Horizon Securities
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Tiếng Anh
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8
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87 Kb
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Hau Giang Pharmaceutical JSC - Company visit note
Established in 1974 as a state-owned company, DHG was equitized in 2004 and listed on HOSE in 2006. The company is mainly engaged in manufacturing pharmaceutical products with four main...
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25/02/2010
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Horizon Securities
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Tiếng Anh
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7
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189 Kb
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Coteccons Group - Company note
Established as a division of Technical Construction and Building Material Company (part of Building Material Corporation No.1), Cotec Construction (Coteccons) was equitized in 2004 and will list 18.45mln shares on...
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08/02/2010
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Horizon Securities
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Tiếng Việt
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7
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136 Kb
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Hung Vuong Corporation - Company note
Hung Vuong Corporation is the largest pangasius exporter in the world with total designed production capacity of 910 tons/day. Its four main business segments are: (1) Fish feed (2) Fish...
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25/11/2009
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Horizon Securities
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Tiếng Anh
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7
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97 Kb
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Sacombank SecuritiesJoint Stock Company - Company Note
Sacombank-SBS was established in 2006 as a subsidiary of Sacombank Financial Group. Its businesses include brokerage, stock depositary, proprietary trading, underwriting and investments. The company is headquartered in Ho Chi...
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13/11/2009
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Horizon Securities
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Tiếng Anh
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10
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216 Kb
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Hoang Anh Gia Lai Corp - Company visit note
Found in 1993, HAG was privatized in June 2006 and listed on HOSE at the end of 2008. HAGL focuses on four primary business operations: (1) real estate development mostly...
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03/11/2009
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Horizon Securities
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Tiếng Việt
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7
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317 Kb
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Vietnam Export Import Commercial Joint Stock Company
Established in 1989, the bank is known to have a competitive advantage in settlement and foreign exchange trading. Once listed, the bank will have the fifth largest market cap in...
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26/10/2009
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Horizon Securities
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Tiếng Anh
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7
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154 Kb
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Phu Nhuan Jewelry JSC - Company visit note
Established in 1988, Phu Nhuan Jewelry Joint Stock Company (PNJ) is the leading jewelry manufacturer in Vietnam with two jewelryfactories (total capacity of 3 million products per year), 17 branches ...
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21/10/2009
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Horizon Securities
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Tiếng Việt
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8
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224 Kb
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Petro Vietnam Transportation Corp - Company visit note
PVT Established in 2002 as a subsidiary of the Vietnam National Oil and Gas (PetroVietnam) the company was privatized in 2006 and listed on HOSE in 2007. The company’s principle...
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06/10/2009
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Horizon Securities
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Tiếng Anh
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8
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173 Kb
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Societe De Bourbon Tay Ninh.,JSC Report
STB is a Vietnam-based company mainly engaged in sugar manufacturing sector. The company produces, distributes and trades sugar and sugar related products, and also manages sugacane plantations for production supply..
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23/09/2009
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Horizon Securities
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Tiếng Anh
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9
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262 Kb
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Gemadept Corporation Report
Gemadept Corporation (GMD): Gemadept Corporation (GMD): Gemadept Corporation(GMD): Established in 1990 as a state-owned company, Gemadept Corporation (GMD) was privatized in 1993 and listed on HOSE in 2002. The...
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18/09/2009
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Horizon Securities
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Tiếng Anh
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10
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188 Kb
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Petrovietnam Fertilizer and Chemical Joint Stock Company Report
Given the improvement of urea price estimates over the long-term and better visibility of the company’s upcoming projects, we upgrade our rating to BUY. We’ve value DPM on a DCF...
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27/08/2009
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Horizon Securities
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Tiếng Anh
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7
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223 Kb
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Vietnam Dairy Products 1HFY09 – Downgrade to UNDERPERFORM
Vinamilk’s 1HFY09 came mostly in line with our estimates. Units sold increased 27.5% while revenue jumped 35.5% in the first half of 2009 compared to the same period last year. ...
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24/08/2009
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Horizon Securities
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Tiếng Anh
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8
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247 Kb
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Hau Giang Pharmaceutical - Ahead of the Pack but Fully Valued
Hau Giang Pharmaceutical (DHG) established in 1974 as a state-owned company, DHG was equitized in 2004 and listed on HOSE in 2006. The company is mainly engaged in manufacturing pharmaceutical...
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22/08/2009
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Horizon Securities
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Tiếng Anh
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21
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468 Kb
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Pha Lai Thermal Power Joint Stock Company Report
Pha Lai Thermal Power JSC was first incorporated in 1982 as a state-own enterprise. The company was later converted to a public company and its shares were listed on the ...
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10/08/2009
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Horizon Securities
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Tiếng Anh
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13
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188 Kb
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Vietnam Bank for Industry and Trade Securities Joint Stock Company - Company note
Established in September 2000, VietinBankSc is the brokerage unit of Joint Stock Commercial Bank for Industry and Trade (VietinBank). The company has a chartered capital of VND789.9bln (US$44.5mln), of which...
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30/07/2009
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Horizon Securities
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Tiếng Anh
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6
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172 Kb
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Joint Stock Commercial Bank for Industry and Trade - Company note
Established in March 1988 as a spin-off of the State Bank of Vietnam, the bank became a joint stock commercial bank on July 3rd 2009. Once listed the bank will...
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15/07/2009
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Horizon Securities
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Tiếng Anh
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7
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127 Kb
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Hoang Mai Cement JSC - Company Factsheet
Hoang Mai Cement was established in 1995 on the North Central coast of Vietnam as a state-owned enterprise and was privatized in 2007. The company is primarily engaged in the...
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08/07/2009
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Horizon Securities
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Tiếng Anh
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7
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184 Kb
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