KSS: Giải trình biến động kết quả kinh doanh Q2-2010

http://images1.cafef.vn/download/100810/KSS_giaitrinh.pdf

LN quý 2 - 2010 tăng 545% so với cùng kỳ

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em díu hiiẻu luôn

bọn lãnh đạo có mưu đồ gì đây

đang làm hồ sơ phát hành trái phiếu chuyển đổi cho cổ đông hiện hữu [};-

~X~X~X~X~X~X~X

Circular 13, exaggerated impact?
Markets had two free fall sessions in a row, bringing the index to 461.67, a 8mo low. Retail investors were expecting the 460 mark to hold, but considering the high level of volumes yesterday, many now doubt this will be the case. Concerns over too much supply (from new issuances, new listings, new IPOs) and worries that banks will have to “restructure” their portfolio in order to raise their CAR from 8% to 9% as Circular 13 stipulates are the main culprit for increased pessimism. Leverage levels at many securities firms have slightly decreased, indicating weakened buying power. We also hear some influential retail traders have cut losses. We see markets to continue their slide downwards until volumes dry up, which is usually a sign that markets have bottomed as sellers stop panicking. Very hard to say when that will be happening, but it does feel like it could be sooner than later. We’re starting to hear some bank officials saying that the impact of Circular 13 have been grossly exaggerated by the market as most large banks wouldn’t have to sell. In the press, the VNBA has been asking for delays in the implementation of Circular 13, citing that a few small banks (only) are having difficulties. If Circular 13 turns out to be a big scare for no reason, markets could turn around quickly. Retail investors are turning their attention back to blue chips – we like VNM, FPT, HAG, HPG, SJS.

LD ko hieu KSS luon

Theo một nguồn tin từ NHNN, kiến nghị của Hiệp hội Ngân hàng về việc điều chỉnh thời hạn áp dụng tỷ lệ an toàn vốn của ngân hàng đang được NHNN xem xét, nhiều khả năng thời hạn của Thông tư có thể được lùi vì Thông tư cũng phải được chỉnh sửa cho phù hợp Luật Ngân hàng mới được Quốc hội thông qua tại kỳ họp vừa qua

het giai chap hom nay