kieudiemvje
02-04-2010, 11:39 AM
Refrigeration Electrical Engineering (REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE)) will make long-term investment in power plants, water treatment plants and real estate development in 2010. Its targeted profits from these areas are VND200 billion (US$10.5 million), nearly 40 per cent of the HCM City Stock Exchange-listed company's total profit target for the year.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) projects investments of VND480 billion ($25.3 million) in the property market and VND270 billion ($14.2 million) in power and water treatment plants, the company said.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) Chairwoman Nguyen Thi Mai Thanh said opportunities to realise short-term profits on the stock market had become increasingly difficult while real estate development and key infrastructure sectors promised great potential.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) incurred a loss of VND207 billion ($10.9 million) on financial investments in 2009, including a hit of VND160 billion ($8.4 million) from losses in the Cables and Communication Materials Corporation (SAM (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=SAM&q=SAM)) shares alone.
Among its planned investments in the electricity sector this year, REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) is eyeing a purchase of State-owned Electricity of Viet Nam's 30-per-cent stake in the HCM City-listed Thac Mo Hydropower Company, as well as direct investments in the Ninh Binh hydropower project.
In the water treatment sector, REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) has already invested in the Thu Duc water plant, which has been completed under a Build-Own-Operate contract and is slated to begin operations in June, and is in negotiations to invest in another water treatment plant this year.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) earned VND1.17 trillion ($61.6 million) last year and posted a net profit of VND432 billion ($22.7 million). It paid a 7-per-cent cash dividend on 2009 earnings and a 20-per-cent dividend in shares.
Through February of this year, REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) has earned VND271.3 billion ($14.3 million) and posted a profit of over VND65.2 billion ($3.4 million). It has targeted total revenue for the year of VND1.5 trillion ($79 million) and a net profit of VND510 billion ($26.8 million).
It projects to pay a 15-per-cent dividend in shares this year as well as offer over 81 million additional shares to existing shareholders at a ratio of 1:1. Another 8 million shares will be offered to key company personnel at a price of VND12,000 ($0.63) per share.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) shares closed up 2 per cent yesterday at VND51,000 ($2.68) per share, on a volume of 972,740.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) also projects to issue one-year convertible bonds this year to existing shareholders worth a total of VND810.4 billion ($42.7 million), using the proceeds to increase its charter capital to over VND1.8 trillion ($94.7 million).
Thanh assured shareholders that REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) would meet its profit target of VND200 billion from financial investments this year, noting that expected dividend payments alone from banks in which REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) has invested, including Sacombank and Asia Commercial Bank, would be enough to secure targeted capital gains.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) projects investments of VND480 billion ($25.3 million) in the property market and VND270 billion ($14.2 million) in power and water treatment plants, the company said.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) Chairwoman Nguyen Thi Mai Thanh said opportunities to realise short-term profits on the stock market had become increasingly difficult while real estate development and key infrastructure sectors promised great potential.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) incurred a loss of VND207 billion ($10.9 million) on financial investments in 2009, including a hit of VND160 billion ($8.4 million) from losses in the Cables and Communication Materials Corporation (SAM (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=SAM&q=SAM)) shares alone.
Among its planned investments in the electricity sector this year, REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) is eyeing a purchase of State-owned Electricity of Viet Nam's 30-per-cent stake in the HCM City-listed Thac Mo Hydropower Company, as well as direct investments in the Ninh Binh hydropower project.
In the water treatment sector, REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) has already invested in the Thu Duc water plant, which has been completed under a Build-Own-Operate contract and is slated to begin operations in June, and is in negotiations to invest in another water treatment plant this year.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) earned VND1.17 trillion ($61.6 million) last year and posted a net profit of VND432 billion ($22.7 million). It paid a 7-per-cent cash dividend on 2009 earnings and a 20-per-cent dividend in shares.
Through February of this year, REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) has earned VND271.3 billion ($14.3 million) and posted a profit of over VND65.2 billion ($3.4 million). It has targeted total revenue for the year of VND1.5 trillion ($79 million) and a net profit of VND510 billion ($26.8 million).
It projects to pay a 15-per-cent dividend in shares this year as well as offer over 81 million additional shares to existing shareholders at a ratio of 1:1. Another 8 million shares will be offered to key company personnel at a price of VND12,000 ($0.63) per share.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) shares closed up 2 per cent yesterday at VND51,000 ($2.68) per share, on a volume of 972,740.
REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) also projects to issue one-year convertible bonds this year to existing shareholders worth a total of VND810.4 billion ($42.7 million), using the proceeds to increase its charter capital to over VND1.8 trillion ($94.7 million).
Thanh assured shareholders that REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) would meet its profit target of VND200 billion from financial investments this year, noting that expected dividend payments alone from banks in which REE (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE) has invested, including Sacombank and Asia Commercial Bank, would be enough to secure targeted capital gains.