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Monthly Report April 2012

Monthly Report April 2012. Accounting, Finance, Investment. Contents. Activities. Market Watch. Investment / Financial Results. Plans. Investment. Activities. Cash Flow Management Moving money to the highest return asset. Taiwan Business Trip Report

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Monthly Report April 2012

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  1. Monthly Report April 2012 Accounting, Finance, Investment

  2. Contents Activities Market Watch Investment / Financial Results Plans

  3. Investment Activities Cash Flow Management Moving money to the highest return asset Taiwan Business Trip Report Prepare procedures how to analysis stock, Risk management assessment, Real estate investment Equities Suggest some stocks for initial analysis Forecast Model Update Macro Indicators to Forecast Model

  4. Accounting and Finance Activities The Final 2011 Financial Statement: Had been issued to related parties, internal and external. 2011 Tax Finalization Complete both CIT and PIT The Q1 Financial Statement Finished and conducted by E&Y.

  5. Contents Activities Market Watch Investment / Financial Results Plans

  6. Market Watch Shanghai SHX MTD: -3.5%; YTD: 6% Frankfurt DAX MTD: -5.4%; YTD: 8.2% NY S&P 500 MTD: -3.5%; YTD: 7.1% Hot Issues: 1. US labor market slowly recovery 2. Euro zone is still worry about debt crisis 3. China GDP growth slows due to export declining 4. Vietnam stock market BOOM thanks to inflation cool down and the declining of interest rate Taipei TWSE MTD: -4.6%; YTD:7.9% Market Watch VN Index MTD: 4.5%; YTD: 33% Financial Market April/2012 Note : As of Apr 24th.

  7. Global Prominent Assets Market Watch Gold Spot (USD/oz) USD/EUR Down 1.7% YTD UP 4.5% YTD MSCI World Index Crude Oil (USD/barrel) Up 3.4% YTD UP 6.9% YTD

  8. Vietnam Economy Market Watch • GDP QI/12 was 4%, lowest since QI/09, as the Gov. wanted to control inflation • Inflation already be controlled now (Apr CPI ~ 0.05%), Government will boost GDP growth rate • Government will continue to decrease interest rate Vietnam % GDP growth vs CPI yoy Vietnam CPI yoyvs Policy rates % % %

  9. ExchangeRate Market Watch USD/VND • VND has strengthened thanks to: • Trade surplus • Wide gap between USD and VND deposit rate • Restriction on gold trading source:Bloomberg • VNDwill continue to strengthen thanks to the plentiful of USD reserve from SBV

  10. Contents Activities Market Watch Investment / Financial Results Plans

  11. Asset Allocation & Revenue Investment Result Investment Portfolio: VND962 billion, -2.1%YTD USD TD (6.9%) Gov. Bond (64.9%) Gov. Bonds: Ave. yield 15%; Duration 5y VND TD (27.5%) USD TD: Ave. rate 1.5%; Tenor: 0.1y VND TD: Ave. rate 13.4%; Tenor: 5.3y Cash (0.5%) Cash/DD: Ave. rate 2.5%, ave. amt 1.5 billion Note: As of Jun. 25th. • Most of our investment income comes from the long term Government Bonds. • Weighted average yield is around 13.7%. We achieve 11 billion VND Investment Income every month.

  12. Profit and Loss Financial Result Billion VND 35% • Loss was narrowed month by month thanks to well controlled of sell expenses:

  13. Premiums vs Sales exp. (VND bn) Gross Premium 46% budget Sale expense 48% budget • Sales Exp. and Premiums was down together • However, Premiums seems to let Sales Exp behind since Mar

  14. Contents Activities Market Watch Investment / Financial Results Plans

  15. Accounting Plans 2011 Budget Performance Seek the approval from BOD Business trip reimbursement Work closely with HR to launch the on-line business trip reimbursement System improvement: Start testing on the automatic allocation of the Pre-payment.

  16. Investment Plans Enhance Investment Yield Moving money to the highest return assets Maintaining the cash balance at the lowest level Equity Analysis Prepare analysis report for some potential stocks Macro Forecast Model Update April Figures

  17. Thank You

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