SSI Daily Call on Factory and FPT and NTP_BMP 4Q13

Visit SSI Research on Bloomberg at SSIV

No part of this material may be (i) copied, photocopied or duplicated in any form by any mean or (ii)

redistributed without the prior written consent of Saigon Securities Incorporation.

1

VN Index Intra Day

HNX Index Intra Day

MARKET SUMMARY (click here)

VIETNAM MACRO SUMMARY (click here)

MARKET WRAP

On HOSE

- Top 5 big caps diverged as VIC dropped 0.66%; VNM stayed flat; while BVH, GAS and MSN jumped up under strong buying force. Real estate tickers diverged as CII, DIG, HAR, HQC, IJC, ITC, KDH, SC5, SII, VNI, VPH tumbled down; DRH, DXG, KBC, LCG, MCG, NTL, PDR, TDC, TDH, VRC moved sideways; while BCI, HAG, HBC, HDC, HDG, ITA, LGL, NLG, NVN, NVT, PTL, PXL, QCG, SJS, UDC advanced or even hit ceiling in the end. Banking group also diverged as BID, EID and STB slumped; CTG remained unchanged; while MBB and VCB hiked 0.66% and 0.97% respectively. Divergence was also seen among the securities brokerage as HCM and SSI decreased 1.14% and 0.38% each; while AGR and BSI altogether moved up or even scored a homerun at market close.

- ITA topped of the liquidity list with over 9.45 mil shares changing hands. The ticker closed the day at VND 8,900, up 2.3%.

- Put-through value amounted to approx. VND 132.36 bil VND. VNM was the most crossed ticker (235,540 shares) with net crossing value of approx. 35.04 VND bil.

- Foreign investors maintained their net sell status on HOSE with net value of approx. 41.1 bil VND. They mostly registered net buys of HAG with net value of approx. VND 15.17 bil while net sells of OGC with net value of approx. VND 18.17 bil.

On HNX

- Top leading market indicators diverged as KLS, VND SCR suddenly plunged; ACB and SHB stayed flat; while BVS, PVX and, VCG accelerated under strong buying pressure.

- PVX topped the liquidity list with over 20.4 mil shares being exchanged. The ticker closed the day hit ceiling, at VND 5,100.

- Foreign investors continued to register as a net seller on HNX with value of approx. 2.89 bil VND. KLS was the most accumulated ticker with net value of approx. 3.06 bil VND while PVS was the most unloaded name with net value of approx. 8.78 bil VND.

It was reported that Samsung Thai Nguyen began operation on March 10, 2014. The initial output would be 2

mil phones/month starting from July, and 8-9 mil phones/month from August, 2014. To put everything in

perspective, Samsung Bac Ninh currently produces around 13-15 mil phones/month with export revenue

reaching roughly USD 24 bn in 2014 (Samsung data) and USD 21 bn (Vietnam customs data). So a rough

estimate reveals that Samsung Thai Nguyens export revenue might reach anywhere from USD 7 bn in 2014

(while initial plan from Samsung would be around USD 14-15 bn), and if this is the case, it would solidify our

initial estimate and we would not have to revise up our foreign trade estimate for the time being. We will

continue to monitor the trade data to scan for any abnormal growth for handphone export.

On March inflation, the Ministry of Finance announced that food & foodstuff price remained stable, and

upward pressure could only come from gasoline price. At the moment, calculations revealed that traders lost

nearly VND 200/liter for gasoline, and if the global price rally continues, chances are high for a retail price hike

within a week.

ECONOMIC WRAP

MA

RK

ET

MO

VE

ME

NT

S

SSI DAILY CALL

March 12 2014

HNX- I NDEX 83.64 0.83 (1.01%) Value: VND 1,111.9 bn

Foreigner (net): VND (2.9) bn

Market wrap: Both indexes continued the rally as demand forces overwhelmed selling forces and propelled the market. Investors boisterous conviction remained unharmed and thus helped liquidity increase given optimistic investing atmosphere.

Macro wrap: Update on Samsung Mobile Factory

Equity wrap: Update on FPT, NTP, BMP 4Q13

SUMMARY

VN Index YTD

HNX Index YTD

Source: Stockbiz .vn

VN- I NDEX 588.50

4.81 (0.82%) Value: VND 2,560.8 bn Foreigners (net):VND (41.1)bn




2

FPT Corporation (FPT:HOSE)

Analyst: Kien Nguyen, [email protected]

FPT has announced its Mar2013 resolution of BOM as followed:

- Increase 2013 cash dividend to 30% from the initial plan of 20%. 15% cash dividend was advanced in 2013. The

remainder will be paid in 2Q14.

- Pay 25% stock dividend in 2Q14, increasing its charter capital to VND 3,439bn. The new 25% shares will be listed

immediately after issuance.

Although FPT is trading at high PER of 10x, we believe the news will positively impact the shares prices in the short term.

For 1Y horizon, we reiterate our HOLD recommendation at 1Y target price of VND 69,500/share.

Binh Minh Plastic JSC (BMP:HOSE) and TienPhong

Plastic JSC( NTP:HNX)

Analyst: Kien Nguyen, [email protected]

As expected, price war has dampened profit margin

- BMP's gross profit margin remained high but revenue growth reduced due to NTPs discount policy, affecting BMP in

the North

- NTPs revenue is boosted but margin contracted as NTP increased its discounts to agents.

Whats new?

BMP posted its 2013 revenue and profit before tax of VND 2,088bn and 496bn, increasing 10.4% and 3.4% YoY

respectively, a result from output growth in 2013. In 2013, output reached 48mn tons, similar to that of NTP. Gross profit

contracted to its normal level of 30% due to resin price hike. In 2013, BMP recorded one third of the bad debt provision for

Duc Thanh Agent, limiting PBT margin and growth.

It should be noted that BMP already paid VND 71bn of tax collection to the HCMs Taxation Department but recorded the

amount as other receivable before a final decision was made on whether BMP must pay the amount. BMP has not yet paid

the fine on the tax of more than VND 30bn. However, we believe that BMP is not obligated to pay the fine as BMP strictly

complied with the guidance of HCMs taxation department.

NTP posted its 2013 revenue and PBT of 2,481bn and 385bn, adding 5% and 0% YoY respectively. NTPs output remained

flat in 2013. By contrast to BMP, NTPs gross profit improved slightly by 1% YoY as the company speculated low cost

materials by the end of 2012, which helped boost profit margin of NTP in 1H13.

It should be noted that NTPs selling expense continued to expand faster than its revenue. As mentioned in our 3Q earnings

review, NTP increased its discounts to its exclusive agents by 3%/revenue to gain more market share. According to NTP,

there are 250 direct agents selling NTPs products, of which 70% are exclusive agents. NTP targets the proportion will be

100% in 2014, and NTP will gain 10% of the countrys market share in the next 2 years.

EQUITY WRAP




3

What to expect?

BMP: In 2014, we expect BMPs revenue will expand modestly by 6% YoY, lower than that in 2013 as NTPs discount policy

will lower the output of BMP in the North. Profit margin will continue to decline when resin price increases as it is difficult to

transfer the risk to end users due to fierce competition. BMP will continue to record VND 11bn of bad debt provision for Duc

Thanh Agent in 2014.

NTP: Contrastingly, NTPs revenue is expected to grow by 10% YoY in 2014 thanks to its discount policy. However, due to

high selling expenses, NTPs PBT is expected to remain flat in 2014.

NTP completed the construction of its factory in the Central of Vietnam on Sept 2013. Thanks to tax incentives, (4 years of

tax exemption), NTP will transfer 15% of its revenue to this branch in 2014. We expect NTP in Central Vietnam will

contribute 15% and 20% to revenue and PBT to consolidated NTP. Tax incentives will help save 18-20bn in corporate

income tax in 2014.

NTP is going to pay 30% stock dividend in 2014, increasing its charter capital to 563.4bn in 2014.

What we recommend?

With 2014 diluted EPS of BMP and NTP of VND 8,672 (+ 6.4 % YoY) and VND 5,563 (+ 8.2% YoY), BMP and NTP are

trading at PER of 8.6x and 9.3x. We recommend BUY for BMP at 1Y target price of VND 86,700/share and HOLD NTP at

1Y target price of VND 72,300/share.




4

Market Data VN - INDEX LEADING MOVERS HNX - INDEX LEADING MOVERS

Ticker ClosePrice Change %Change Index pt Vol


1 GAS 85,000 1500 1.80% 1.67 368,430 1 PVS 28,200 800 2.92% 0.23 2,415,278

2 BVH 49,800 2300 4.84% 0.92 1,303,120 2 VCG 15,700 500 3.29% 0.14 4,889,305

3 FPT 67,000 3500 5.51% 0.57 2,154,020 3 PVX 5,100 400 8.51% 0.10 20,402,383

4 MSN 99,000 1000 1.02% 0.43 114,670 4 OCH 32,000 500 1.59% 0.06 36,200

5 VCB 31,100 300 0.97% 0.41 1,555,240 5 SD9 15,900 1400 8.50% 0.03 100

VN INDEX LAGGING MOVERS HNX - INDEX LAGGING MOVERS



1 VIC 75,000 -500 -0.66% -0.27 167,180 1 CTX 11,200 -1200 -9.68% -0.02 200

2 STB 20,500 -300 -1.44% -0.22 1,170,840 2 TAG 29,000 -2000 -6.45% -0.02 269

3 BID 16,600 -100 -0.60% -0.17 752,790 3 KLS 12,300 -100 -0.81% -0.01 7,279,633

4 EIB 13,800 -100 -0.72% -0.07 1,247,690 4 VND 16,000 -200 -1.23% -0.01 2,279,273

5 VCF 145,000 -3000 -2.03% -0.05 30 5 SCR 9,200 -100 -1.08% -0.01 6,954,623

TOP 5 GAINERS (MARKET CAP>100 BIL. VND, AVER. VOL>30,000) TOP 5 GAINERS (MARKET CAP>100 BIL. VND, AVER. VOL>30,000)

Ticker ClosePrice Change %+/- T %+/-T+3 Volume


1 VOS 4,600 300 6.98% 17.95% 2,394,270 1 HNM 12,600 800 6.78% 27.27% 660,690

2 TSC 15,900 1000 6.71% 17.78% 239,920 2 ICG 10,700 -100 -0.93% 18.89% 585,214

3 AGR 6,000 300 5.26% 17.65% 847,300 3 VTV 16,500 500 3.13% 16.20% 25,740

4 BGM 4,700 300 6.82% 17.50% 1,911,560 4 APS 6,000 200 3.45% 15.38% 2,621,510

5 LCM 8,600 500 6.17% 16.22% 2,504,750 5 S99 8,400 -400 -4.55% 15.07% 20,850

TOP 5 LOSERS (MARKET CAP>100 BIL. VND, AVER. VOL>30,000) TOP 5 LOSERS (MARKET CAP>100 BIL. VND, AVER. VOL>30,000)



1 GTT 11,200 -800 -6.67% -18.84% 34,750 1 SCL 29,400 100 0.34% -8.13% 111,000

2 BT6 8,600 -100 -1.15% -10.42% 18,420 2 CMI 23,300 -400 -1.69% -6.43% 89,600

3 PXT 6,500 -200 -2.99% -4.41% 1,040,410 3 BCC 7,700 -100 -1.28% -4.94% 656,505

4 CII 25,100 -500 -1.95% -4.20% 899,590 4 CVT 18,100 -100 -0.55% -2.16% 51,000

5 DMC 45,300 0 0.00% -4.03% 61,960 5 PVB 28,500 -600 -2.06% -2.06% 45,710

TOP 5 LEADING VOLUME TOP 5 LEADING VOLUME

Ticker Vol (share) ClosePrice Change %+/- T %+/-T+3

Ticker Vol (share) ClosePrice Change %+/- T %+/-T+3

1 ITA 9,456,540 8,900 200 2.30% 12.66% 1 PVX 20,402,383 5,100 400 8.51% 13.33%

2 FLC 7,606,580 13,700 100 0.74% 6.20% 2 SHB 8,936,981 9,300 0 0.00% 0.00%

3 OGC 7,292,990 12,800 300 2.40% 4.07% 3 KLS 7,279,633 12,300 -100 -0.81% 6.96%

4 HQC 6,369,550 9,000 -100 -1.10% 5.88% 4 SCR 6,954,623 9,200 -100 -1.08% 3.37%

5 HAG 5,481,060 27,000 300 1.12% 0.37% 5 VCG 4,889,305 15,700 500 3.29% 3.97%

TOP 5 VOLUME RISING SURPRISES TOP 5 VOLUME RISING SURPRISES

Ticker Volume %Change ClosePrice Change %+/-T

Ticker Volume %Change ClosePrice Change %+/-T

1 SPM 38,970 162275% 24,900 900 3.75% 1 SFN 5,100 25400% 18,000 1300 7.78%

2 TRC 101,950 2439% 42,600 -400 -0.93% 2 ALT 1,000 2400% 11,400 0 0.00%

3 QCG 1,028,060 1735% 8,400 500 6.33% 3 CTA 265,710 2387% 4,000 300 8.11%

4 SRF 31,730 1138% 22,400 1400 6.67% 4 VGP 10,999 2080% 22,000 2000 10.00%

5 HAS 140,490 1022% 6,800 400 6.25% 5 SIC 151,110 1589% 8,100 700 9.46%

TOP 5 NET BUY VOLUME BY FOREIGN TOP 5 NET BUY VOLUME BY FOREIGN

Ticker ClosePrice Buy Vol. Sell Vol. Net Vol. Net Value


1 HAG 27,000 1,391,060 823,960 567,100 15.17 1 KLS 12,300 246,700 - 246,700 3.06

2 GAS 85,000 150,390 1,110 149,280 12.64 2 SDT 17,400 110,000 2,400 107,600 1.86

3 PVD 79,500 341,200 285,300 55,900 4.45 3 SHB 9,300 201,700 2,000 199,700 1.85

4 SZL 27,200 142,610 - 142,610 3.87 4 LAS 48,000 30,000 - 30,000 1.44

5 PPC 24,600 248,620 102,320 146,300 3.59 5 PHH 8,500 115,500 11,000 104,500 0.83

TOP 5 NET SELL VOLUME BY FOREIGN TOP 5 NET SELL VOLUME BY FOREIGN



1 OGC 12,800 105,760 1,519,000 -1,413,240 -18.17 1 PVS 28,200 127,200 439,900 -312,700 -8.78

2 KBC 12,900 - 1,253,710 -1,253,710 -16.18 2 VND 16,000 90,100 430,000 -339,900 -5.48

3 HVG 27,600 17,500 492,690 -475,190 -13.20 3 HDO 6,200 - 103,000 -103,000 -0.63

4 PET 21,800 - 373,530 -373,530 -8.26 4 NET 56,100 100 4,500 -4,400 -0.24

5 DPM 44,200 94,820 223,400 -128,580 -5.71 5 HPC 5,600 - 40,000 -40,000 -0.22

TRADING STATISTICS




5

Market Vectors Vietnam ETF

Ticker Exchange Shares Weight Trading volume on 10.3

5 days Trading volume

Price (VND)

EPS PE Price

T+3 Price T+15

Net Profit Growth

4Q13/4Q12

VIC HOSE 10,083,124 7.33% 43,640 218,200 75,000 7,379 10.2 0.7% -3.8% 275%

VCB HOSE 26,396,018 7.83% 114,300 571,580 31,100 1,878 15.9 3.7% 7.2% n.a

DPM HOSE 15,378,920 6.58% 66,600 333,000 44,200 5,841 7.5 1.1% -4.3% -51%

PVS HNX 29,372,450 7.75% 127,200 636,000 28,200 3,568 7.7 1.1% -10.5% 142%

BVH HOSE 15,012,736 6.87% 65,020 325,100 49,800 1,610 28.9 7.6% 4.2% 3%

STB HOSE 29,068,711 5.82% 125,880 629,400 20,500 1,978 10.5 2.0% -1.9% n.a

PVD HOSE 7,003,456 5.23% 30,320 151,600 79,500 7,424 10.5 1.3% 3.9% 124%

ITA HOSE 50,321,871 4.22% 217,920 1,089,600 8,900 73 111.6 12.7% 14.1% 1388%

PPC HOSE 12,951,640 3.06% 56,080 280,400 24,600 5,128 4.8 0.8% -7.2% -57%

SHB HNX 45,088,600 4.04% 195,200 976,000 9,300 854 10.9 0.0% 9.4% n.a

OGC HOSE 24,425,146 2.94% 105,780 528,900 12,800 352 35.2 4.1% 0.0% 141%

GMD HOSE 7,569,136 2.55% 32,780 163,900 36,400 1,213 28.9 3.1% 2.5% -202%

HPG HOSE 5,330,900 2.51% 23,080 115,400 49,900 4,663 10.4 1.8% 2.9% 180%

HAG HOSE 9,135,945 2.35% 39,560 197,800 27,000 1,372 19.3 0.4% 4.2% 369%

DRC HOSE 4,227,240 1.79% 18,300 91,500 44,200 4,518 9.8 -1.1% -6.8% 1%

VCG HNX 14,608,797 2.14% 63,200 316,000 15,700 1,233 12.2 4.0% 12.9% 671%

db x-trackers FTSE Vietnam UCITS ETF Last updated on: 5-Mar

Ticker Exchange Weight Price (VND) EPS PE Price T+3 Price T+15 Net Profit

Growth 4Q13/4Q12

MSN HOSE 15.61% 99,000 611 158.7 1.0% 7.0% 31.0%

VIC HOSE 13.65% 75,000 7,379 10.2 0.7% -3.8% 275.1%

HPG HOSE 11.24% 49,900 4,663 10.4 1.8% 2.9% 179.5%

HAG HOSE 8.96% 27,000 1,372 19.3 0.4% 4.2% 368.9%

PVD HOSE 9.39% 79,500 7,424 10.5 1.3% 3.9% 124.2%

DPM HOSE 7.59% 44,200 5,841 7.5 1.1% -4.3% -50.6%

VCB HOSE 6.33% 31,100 1,878 15.9 3.7% 7.2% n.a

STB HOSE 3.81% 20,500 1,978 10.5 2.0% -1.9% n.a

BVH HOSE 2.87% 49,800 1,610 28.9 7.6% 4.2% 3.1%

HSG HOSE 2.99% 58,500 5,770 10.1 -0.8% 18.4% -17.7%

ITA HOSE 2.70% 8,900 73 111.6 12.7% 14.1% 1388.0%

GMD HOSE 2.12% 36,400 1,213 28.9 3.1% 2.5% -201.6%

PPC HOSE 1.84% 24,600 5,128 4.8 0.8% -7.2% -57.2%

VSH HOSE 1.56% 15,900 980 16.0 2.6% -3.0% 7.3%

KBC HOSE 1.59% 12,900 238 55.0 -0.8% 1.6% 195.9%

CSM HOSE 1.56% 42,300 5,359 7.8 1.2% -2.5% 52.1%

DRC HOSE 1.32% 44,200 4,518 9.8 -1.1% -6.8% 1.3%

PVT HOSE 1.36% 14,800 1,012 14.8 -0.7% 7.2% 433.3%

DIG HOSE 1.15% 16,900 318 55.0 -0.6% 2.4% 199.1%

OGC HOSE 0.96% 12,800 352 35.2 4.1% 0.0% 140.9%

PET HOSE 0.82% 21,800 2,278 9.5 -0.9% -4.0% -47.5%

SBT HOSE 0.60% 12,500 1,746 7.2 0.0% -1.6% -42.6%

FOREIGN FUND FLOWS




6

iShares MSCI Frontier 100 Index Fund Last updated on: 7-Mar

Ticker Exchange Shares Weight Price (VND) EPS PE Price T+3 Price T+15 Net Profit Growth

4Q13/4Q12

MSN HOSE 1011240 0.85% 99,000 611 158.7 1.0% 7.0% 31.0%

VIC HOSE 829978 0.54% 75,000 7,379 10.2 0.7% -3.8% 275.1%

DPM HOSE 661440 0.25% 44,200 5,841 7.5 1.1% -4.3% -50.6%

VCB HOSE 782280 0.20% 31,100 1,878 15.9 3.7% 7.2% n.a

STB HOSE 814076 0.15% 20,500 1,978 10.5 2.0% -1.9% n.a

BVH HOSE 238500 0.10% 49,800 1,610 28.9 7.6% 4.2% 3.1%

Source: Bloomberg

75%

85%

95%

105%

115%

125%

135%

145%

155%

Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14

MXFMEAS Index VNINDEX Index

-200

-150

-100

-50

0

50

100

150

200

250

300

bn

VN

D

12-Feb 13-Feb 14-Feb 17-Feb 18-Feb 19-Feb 20-Feb 21-Feb 24-Feb 25-Feb 26-Feb 27-Feb 28-Feb 3-Mar 4-Mar 5-Mar 6-Mar 7-Mar 10-Mar 11-Mar

HOSE 252.5 93.6 121.5 -56.5 96.8 48.7 158.7 32.7 -37.4 146.3 35.8 70.2 15.1 -92.5 -133.3 -102.5 -74.0 -67.4 -48.5 -41.1

HNX 16.6 2.7 30.0 34.8 38.7 20.0 28.7 11.2 8.4 4.4 7.6 6.1 10.4 16.5 -20.7 -5.7 5.7 -7.9 -15.1 -2.9

Net Buy/(Sell) of Foreign Investors in the last 20 trading days (VND bn)

VN Index vs. MSCI EFM Asia Index




7

No. COMPANY(28/12/2013) BID

(VND'000) ASK

(VND'000) No. COMPANY

BID (VND'000)

ASK (VND'000)

Real Estate

Electrical Home Appliances

1 EDEN JSC 7 8

40 POWER CONSTRUCTION JSC NO 1 10 10

2 SAI GON GREEN DEVELOPMENT INVESTMENT LAND

5 6

41 VIETNAM POWER DEVELOPMENT JSC 3.6 4

3 SAIGON REAL ESTATE JSC- SGX 5 6

42 THU DUC ELECTRO MECHANICAL JSC 26 23.5

4 HOANG ANH CONSTRUCTION AND DEVELOPMENT HOUSE JSC

36 36

43 HCMC ELECTRIC POWER TRADING INVESTMENT CORP

9 10.5

5 PETROWACO PROPERTY JSC 3.7 4

Banking

6 TOAN THINH PHAT ARCHITECTURE INVESTMENT CONSTRUCTION JSC

51 53

44 KIEN LONG COMMERCIAL JOINT STOCK BANK

8 9

7 BENTHANH LAND INVESTMENT CORPORATION

5.5 5.6

45 VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK

12 10.5

8 TIN NGHIA INDUSTRIAL PARK DEVELOPMENT JSC

9 10

46 ORIENT COMMERCIAL JOINT STOCK BANK 8.8 7.9

9 EXIM LAND CORPORATION 9 3.8

47 VIETNAM ASIAN COMMERCIAL JOINT STOCK BANK

14 16

Construction

48 SAIGON BANK FOR INDUSTRY AND TRADE 9 13

10 NO.8 INVESTMENT & CONSTRUCTION JSC

8.5 9.5

49 MARITIME COMMERCIAL JOINT STOCK BANK

7 5.9

11 SONG HONG CORPORATION 4 4.5

50 VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK

9.5 9.4

12 PHU HUNG GIA CONSTRUCTION & INVESTMENT JSC

24 24

51 PETROLIMEX JOINT STOCK BANK 10 11

13 LICOGI 12 JSC 12 13

52 LIENVIETPOST JOINT STOCK COMMERCIAL BANK

8 9

Equipments

Finance & Insuarance

14 DONG TAM JOINT STOCK CORPORATION

6.6 7

53 EVN FINANCE JSC 5 5.3

15 LA HIEN CEMENT JSC 3.4 3.5

54 MB SECURITY JSC 8.5 9

16 CONG THANH CEMENT JSC 3 2

55 VIET CAPITAL SECURITIES JSC 10.2 11

17 HAUGIANG MATERIALS JSC 9 10

56 MILITARY INSURANCE COMPANY 8.5 9

Energy

Coporation

19 SESAN4A HYDROPOWER JSC 12 12

57 CONG NGHIEP CONSTRUCTION TECHNOLOGY JSC

4.4 5

20 BAC HA HYDROPOWER JSC 10 10

58 SAIGON COOP INVESTMENT DEVELOPMENT JSC

10 11

21 BINH DIEN HYDROPOWER JSC 10 10

59 PHUTHAI GROUP JSC 5 5

22 HUONG SON HYDROPOWER JSC 9 9

60 HANAKA GROUP JSC 7 7

Transportation

Export/Import

23 AU LAC JSC 9 8.5

61 DANANG TERRIORAIL IXPORT JSC 10.5 11

24 NOIBAI AIRPORT SERVICES JSC 18.5 19.5

62 VIETNAM OCEAN SHIPPING AGENCY CORPORATION

19 19

25 CAT LAI PORT JSC 13 13

63 BAROTEX VIETNAM INVESTMENT &TRADING JSC

15 15

26 MAI LINH NORTH JSC 9.5 10

Technology

27 NOIBAI CARGO TERMINAL SERVICES JSC

51.5 52

64 SAIGON POSTEL CORP 7 7.5

28 VIETNAM COMMODITY EXCHANGE 13 14

65 FPT TELECOMMUNICATION JSC 30 31

Heavy Industry

66 FPT ONLINE JSC 50 52

29 THONG NHAT FLAT STEEL JSC 2 2

67 SAOBACDAU TECHNOLOGIES CORPORATION

5 5.5

30 TRUONG HAI AUTO JOINT STOCK CORPORATION

15 16

68 VIETNAM PYRAMID NEW TECHNOLOGY CORP

9 10

31 CAO BANG CAST IRON& STEEL JSC 27 27

69 AUDIO VISUAL GLOBAL 32.5 33

32 THANG LONG METAL WARES COMPANY

5 5

Pharmaceutical

Light Industry

70 ICA BIOTECHNOLOGICAL PHARMACEUTICAL JSC

40 42

33 HANOI PLASTICS COMPANY 20 20

71 CANGIO PHARMACEUTICAL JSC 4 3.8

34 Vinh Tuong Industry 14.5 15

72 VIDIPHA CENTRAL PHARMACEUTICAL 20 20

35 VAFCO 8 9

73 TAM DUC CARDIOLOGY HOSPITAL JSC 19 19.5

36 THE SOUTHERN FERTILIZEE COMPANY

16 14

74 TRIEU AN HOSPITAL JSC 6 5.5

37 NHABE GERMENT CORPORATION - JSC

41 43

Foods and Beverage

38 HANOI TEXTILE AND GARMENT JOINT STOCK CORPORATION

9 10.5

75 Quang Ngai Sugar Company 33.5 34.5

39 VIETTIEP LOCK JSC 37 38

76 VINH HAO MINERAL WATER CORP 75 75

Agri Fisheries

77 NUTIFOOD NUTRITION FOOD JOINT STOCK COMPANNY

24 24

82 CUU LONG SEAPRODUCTS COMPANY

11 12

78 HANOI BEER ALCOHOL BEVERAGE CORPORATION

29 30

83 AN GIANG PLANT PROTECTION JSC 55 58

79 MASAN CONSUMER CORPORATION 67.5 63

84 MOCCHAU DAIRY CATTLE BREEDING JSC

37 37.5

80 SABECO 67 60

85 HAGL Rubber Company 39 40

81 BICH CHI FOOD JSC 17 17

Source: u t Chng khon

OTC PRICE




8

DISCLAIMER

The information, statements, forecasts and

projections contained herein, including any

expression of opinion, are based upon sources

believed to be reliable but their accuracy

completeness or correctness are not guaranteed,

Expressions of opinion herein were arrived at after

due and careful consideration and they were based

upon the best information then known to us, and in

our opinion are fair and reasonable in the

circumstances prevailing at the time, Expressions of

opinion contained herein are subject to change

without notice, This document is not, and should not

be construed as, an offer or the solicitation of an offer

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SSI Daily Call on Factory and FPT and NTP_BMP 4Q13

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