A lot of companies have not fulfilled plans to buy
treasury stocks that they registered before with state securities
trading centres, reasoning that they need to focus their strength on
investment projects.


Khanh Hoi Import-Export Company (KHA) registered to
purchase 423,260 treasury stocks. However, the company has not
fulfilled the purchase, though August 22 was set as the deadline.


Explaining this, the company said that stock prices
have been increasing as the market has been recovering; therefore, the
company is limiting purchases in order to ensure the benefits of
shareholders.


Tan Binh Cultural Products (ALT) purchased 120,010
shares in the period between June 2 and August 21, of the total 200,000
shares it registered to buy.


The Southern Plantation Varieties Company has asked
for permission to extend the deadline for purchasing 100,000 treasury
stocks to September 30 instead of August 31.


A lot of companies have not purchased the volumes they
registered to buy. Ben Tre Seafood Import Export Company (ABT)
purchased 580,740 shares of 800,000 shares registered, while Sieu Thanh
Company (ST8) 61,000 of 300,000 and Vien Lien (UNI) 234,580 of 300,000.


Nguyen Anh Tuan, an investor on Bao Viet trading
floor, is not satisfied with the news. He said that the broken plans to
purchase stocks have made investors confused about the real demand on
the market, thus badly affecting investors’ decisions.


Dinh The Hien, MA, Dean of Finance and Banking Faculty
under the Gia Dinh Information Technology University, said that it is
understandable why companies do not want to buy treasury shares at this
moment. Companies are now lacking capital to run their production and
business, while injecting money in stocks would bury the capital for at
least six months.


Hien said that in many cases, companies reason that
they need to focus on making investments in projects to explain the
breaking of their plans. However, he said that companies should think
carefully before deciding to purchase treasury stocks.