Vietnam Adds Two Stocks on Bourse Next Week
Vietnam will add two more firms, Commercial Equipment Company (Comeco) and Thanh Thanh Ceramic Company, on the Ho Chi Minh City Securities Trading Center early next week, a stock exchange statement said on August 2.
Comeco will make its debut on August 7 with the trading code of COM, while Thanh Thanh will follow a day later with the code of TTC.
The Ho Chi Minh City-based Comeco has registered capital of VND34 billion ($2.14 million), providing oil and gas retail, warehousing and transportation services in the city and neighboring provinces.
The firm will become the third energy trading firms on the market beside the Petroleum Mechanical Company (PMS) and the Saigon Fuel Company (SFC).
Last year, Comeco netted profit of VND10.2 billion from revenue of VND1.3 trillion. The figures were VND5.5 billion and VND781.7 billion in the first half this year, respectively.
The Dong Nai-based Thanh Thanh, meanwhile, is bigger with registered capital of VND40 billion ($2.5 million), specializing in producing ceramic tile and construction materials. It will be the second ceramic producer on the market after the newly-listed Chang Yih.
In 2005, Thanh Thanh earned net profit of VND5.8 billion from revenue of VND229 billion, compared with the 2004 figures of VND2 billion and VND176 billion, respectively. It targets profit up 15.5 per cent and revenue up 18.5 per cent this year.
Vietnam’s stock exchange now has 45 corporate stocks, with a combined registered capital of VND7.96 trillion.
HSTC
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