Kelly Gilblom and Kevin Crowley, Bloomberg 5:27 am CDT, Tuesday, July 24, 2018 Photo: Gary Coronado, Staff Image 1of/1 CaptionClose Image 1 of 1 Aerial of Exxon Mobil Houston Campus, Tuesday, May 17, 2016, in The Woodlands, Texas. ( Gary Coronado / Houston Chronicle ) Aerial of Exxon Mobil Houston Campus, Tuesday, May 17, 2016, in The Woodlands, Texas. ( Gary Coronado / Houston Chronicle ) Photo: Gary Coronado, Staff Big oil is raking in cash. Investors are asking: Now what? 1 / 1 Back to Gallery The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to generate enough cash to pay dividends and still have … [Read more...] about Big oil is raking in cash. Investors are asking: Now what?
How profit is calculated in stock market
Housing market recovery helps property firm shares Dang Tran Hai Dang, the company's research and analysis deputy director, told a seminar on an overview of the real estate market and investment opportunities that most shares in the sector had outperformed the VN Index in the past three months though they gave up some of the gains in November when the market retreated. In the past six months, the property sector accounted for the highest trading value, with 18.7 per cent of the total. In terms of market capitalisation, the sector accounted for 12 per cent, second only to banking. But Dang pointed out that in the first nine months of the year almost 40 per cent of the listed real estate companies saw profits fall while 22.4 per cent suffered losses. In the short term investors should consider companies with projects at strategic locations, like near the railway route in Ha Noi, the metro lines in HCM City, and ports, airports and beach resorts in Da Nang, Nha Trang, and Phu Quoc. … [Read more...] about BUSINESS IN BRIEF 7/12
Gas traders claim compensation Some 800 small and medium sized gas trading companies have submitted a proposal to the Prime Minister Nguyễn Xuân Phúc and Minister of Industry and Trade Trần Tuấn Anh on gas trading requirements. They have asked to maintain the current regulations on requirements for gas trading under Decree No. 19/2016/NĐ-CP. The businesses proposed that if the government reduces the requirements, they would claim compensation for the several billions of đồng they had invested in gas infrastructure. Recently, several gas traders complained about shortcomings in the decree, leading to difficulties. They said the decree's regulations stipulating that gas companies have storage tanks and total LPG bottle capacities of at least 2.62 million litres were hard to fulfill, especially for those in remote and mountainous areas with low population density. Therefore, they asked for a review and amendment of the rules to facilitate trading as each gas company would have to invest … [Read more...] about BUSINESS IN BRIEF 20/10
Increasing Supplies for Vietnam's Stock Market “State stakes in big companies will be sold,” Le Song Lai, Deputy General Director of State Capital Investment Corporation (SCIC) affirmed in an exchange with Vietnam Business Forum at the 2ndVietnam Investment Forum. Set up in 2005 with initial chartered capital of VND5,000 billion (US$312.5 million) growing to VND30,000 billion (US$1.88 billion), SCIC is entitled to receive and represent ownership of state capital invested, State-run one-member limited liability companies, limited liability companies with one or two members, and joint-stock companies transformed from independent state companies or newly established ones. At present, the supply-demand balance on the stock market is overwhelmed by buyers. As the holder of State capital in more than 200 enterprises, does SCIC have any plans addressing this imbalance?Among 200 SCIC-holding companies, SCIC only manages State capital in 17 listed companies. When the stock … [Read more...] about Increasing Supplies for Vietnam’s Stock Market
HCM City aims to attract Finnish investment Vice chairman of the HCM City People's Committee Lê Văn Khoa said he hoped to strengthen co-operation with Finland's investors, particularly in technology during a meeting on Thursday with Lenita Toivakka, Finland's Minister for Foreign Trade and Development in HCM City. The city is investing heavily in road infrastructure and different kinds of public transport, Khoa said at a reception held for Minister Lenita Toivakka and a Finnish business delegation. Information technology, communications, education, energy, environment and waste-water treatment are all areas in which HCM City and Finland will cooperate. In HCM City, Finland has invested in six projects worth a total of US$2 million, mostly in the information and communications, science and technology and processing industry. The figure is moderate compared to the total of US$48 billion in foreign direct investment that has poured into the city, he said. Toivakka suggested that the … [Read more...] about BUSINESS IN BRIEF 13/3