US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Masan Group (HSX: MSN) is going to issue VND1.5 trillion ($65.21 million) worth of bonds this month in a bid to restructure its debts.
Masan’s three-year unsecured bonds are expected to issue on September 26, on a coupon rate of 10 per cent in the first year. In the following years, the annual rates will be calculated by adding 3.2 percentage points to the average of the reference 12-month deposit rates posted by the four major state-owned banks.
Minimum subscription for individual and institutional investors is VND10 billion ($435,000) and VND200 billion ($8.7 million), respectively.
Techcom Securities acts as the underwriter of the bond issuance.
According to its audited financial statement for the first half of the year, Masan’s consolidated net sales felt slightly from VND17.45 trillion ($759 million) in the first half of 2018 to VND17.41 trillion ($757 million).
Its post-tax profit for the period yet slumped by 36 per cent on-year, from VND3.41 trillion ($148.6 million) at the end of June, 2018 to VND2.19 trillion ($95.26 million) this end of June.
During the period, Masan witnessed a whooping drop of over 90 per cent in its financial income, from VND1.63 trillion ($71 million) recorded in the first half of 2018 to VND158.9 billion ($6.9 million) in the first half of 2019. This was explained as a result of the decrease in gain from the disposal on its associates’ dilution.
Masan targets a consolidated net sales of VND45-50 trillion ($1.96-2.17 billion) for 2019, an up of 18-31 per cent on-year and a post-tax profit of VND5-5.5 trillion ($217.39-239.13 million)), an increase of 44-58 per cent on-year.
Masan Group’s core holdings now include FMCG company Masan Consumer, meat platform MeatLife, mineral resource company Masan Resources and Techcombank.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.