Many shipping companies are targeting double digit growth this year, mainly based on higher freight rates and recovering demand from the manufacturing sector. Vietnam’s largest listed shipping company Gemadept Corporation expects a 19 percent rise in revenues this year to VND3.8 trillion ($165.4 million), and profits to grow by 24 percent to VND1 trillion. The .
Oil and gas, fertilizer and steel stocks will benefit from the crisis in Russia-Ukraine, but animal husbandry-related ones will be hurt, BIDV Securities (BSC) has said. - VnExpress International
Update: June, 05/2021 - 07:56 | Inside Century Synthetic Fiber s plant. The company is on the list of recommended stocks of VNDIRECT in June. Photo courtesy of Century Synthetic Fiber HÀ NỘI In the recent monthly outlook report for June, VNDIRECT Securities Corporation (VND) said that besides large-cap stocks, some mid-cap stocks from steel, real estate, financial services, textile and seafood industries will attract cash flows this month. In May, the market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) continued its rally despite the outbreak of COVID-19 in late April. On May 31, the index closed at 1,328.05 points, up more than 18.5 per cent compared to the beginning of the year.
Vietnamese shares ended on a positive note on Tuesday morning but in the afternoon session Hồ Chí Minh Stock Exchange shut down due to high transaction value affecting system safety.
Tuesday, 14:02, 18/05/2021
Vietnamese logistics enterprises reported outstanding business results in the first quarter of 2021.
The Port of Hai Phong JSC recorded a growth of 41.7% in profit after tax in Q1. (Photo: haiphongport.com.vn)
In the quarterly financial report, Transimex Joint Stock Company (TMS) said that its net revenue jumped 104.9% year-on-year to nearly VND1.1 trillion.
As cost of goods sold increased during the period, Transimex’s gross profit rose 55% against same period last year to VND112.56 billion. After diminishing expenses, its profit after tax reached VND101.2 billion, up 75.7%.
Transimex is a logistics service provider with businesses in international freight forwarding, warehousing, domestic transportation and distribution.