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Hochiminh City Metal Corp _HMC_

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					 Hochiminh City Metal Corp (HMC)

 COMPANY DESCRIPTION
 (Listing Date 6-Dec-07)
 Hochiminh City Metal Corporation is a Vietnam-based metal trading company. It is mainly involved in
 merchandise of ferrous and non-ferrous metal products as well as general bulk goods. The Company
 also engages in manufacturing and repairs services to fabricated metallic modules. Other minor
 activities include hospitality and warehousing services. Main trading products include construction steel
 and its variants. The Company is subsidiary of Vietnam Steel Corporation.

 Website: www.metalhcm.com.vn/


 CAPITAL STRUCTURE (As of Date Dec 31, 2009)
 Outstanding Shares:                                    21,000,000
 State Ownership Ratio:                                 56.00%
 Foreign ownership Ratio:                               0.00%


SHARE PRICE PERFORMANCE
Daily QHMC.HM                                                                                                                                                                   8/7/2009 - 5/2/2010 (BKK)

   Line, QHMC.HM, Last Trade(Last)
                                                                                                                                                                                                Price
   27/1/2010, 18,200
                                                                                                                                                                                                VND
   SMA, QHMC.HM, Last Trade(Last), 20
   27/1/2010, 19,835
                                                                                                                                                                                                 26,500
                                                                                                                                                                                                 26,000
                                                                                                                                                                                                 25,500
                                                                                                                                                                                                 25,000
                                                                                                                                                                                                 24,500
                                                                                                                                                                                                 24,000
                                                                                                                                                                                                 23,500
                                                                                                                                                                                                 23,000
                                                                                                                                                                                                 22,500
                                                                                                                                                                                                 22,000
                                                                                                                                                                                                 21,500
                                                                                                                                                                                                 21,000
                                                                                                                                                                                                 20,500

                                                                                                                                                                                                 20,000
                                                                                                                                                                                                 19,500

                                                                                                                                                                                                 19,000
                                                                                                                                                                                                 18,500
                                                                                                                                                                                                 18,000
                                                                                                                                                                                                 17,500
                                                                                                                                                                                                 17,000
                                                                                                                                                                                                 16,500
                                                                                                                                                                                                 16,000
                                                                                                                                                                                                 15,500
                                                                                                                                                                                                 15,000
                                                                                                                                                                                                 0
   Vol, QHMC.HM, Last Trade
   27/1/2010, 83,310.0000                                                                                                                                                                       Volume

                                                                                                                                                                                                 900,000
                                                                                                                                                                                                 800,000
                                                                                                                                                                                                 700,000
                                                                                                                                                                                                 600,000
                                                                                                                                                                                                 500,000
                                                                                                                                                                                                 400,000
                                                                                                                                                                                                 300,000
                                                                                                                                                                                                 200,000
                                                                                                                                                                                                 100,000
                                                                                                                                                                                                 .1234
  13      20     27      03     10      17    24   31   07      14    21      28   05   12    19       26   02   09   16   23    30   07      14   21      28   04   11   18   25      01
       July 2009                     August 2009             September 2009             October 2009             November 2009             December 2009             January 2010




Latest 6 months price chart

                                                                                                                                                                                                        1
Background

 ISIN Code                                                        VN000000HMC0

Exchange                                                                   VSE

Employees                                                                        -

Share Details (All abbreviations “m” represents million)

Latest Shares - Outstanding (31Dec09)                                     21m

Latest Shares - Free Float (30Sep09)                                      7.1m

Nominal Value (VND) (21Dec06)                                           10,000

EPS (Adj) (VND) - Rolling 12 Month                                    1304.042

Total Market Cap (USD) (26Jan10)                                       21.72m

Total Market Cap (VND) (26Jan10)                                   401,100.00m

PE

Div Yld%                                                                     -

Performance (All abbreviations “m” represents million)

Closing Price (VND) (26Jan10)                                            19,100

52 wk High (VND) (21Oct09)                                               28,100

52 wk Low (VND) (25Feb09)                                                 8,500

% Price Change 1 Month Ago                                                 10.4

% Price Change 3 Months Ago                                               -23.6

% Price Change 6 Months Ago                                                9.14

% Price Change 1 Year Ago                                                 57.85

Company Report (VND) (All abbreviations “m” represents million)

 Report Date                                                          31-Dec-09

Period Covered                                                        12 Months

Report (Consolidated)                                                    Annual

Total Income                                                      2,808,437.75m

Operating Result                                                     28,585.38m

Pretax Profit/Loss                                                   30,010.83m

Net Attributable                                                     27,384.88m

Fixed Assets                                                                     -

Total Assets                                                                     -

Total Liabilities                                                                -

Shareholders' Equity                                                             -




                                                                             2
Key Ratios (All abbreviations “m” represents million)

 Return on Equity %                                                                                                                                   15

 Return on Total Assets %                                                                                                                           6.76

 Operating Margin %                                                                                                                                 1.11

 BVPS(VND)                                                                                                                                   13,701.14

 Quick Ratio                                                                                                                                        0.23

 Total Assets / Equity                                                                                                                              2.83

 Beta                                                                                                                                               0.89

 Earnings Yld %                                                                                                                                     6.83

 Price To Book                                                                                                                                      1.39

 Total Liab / Equity                                                                                                                                1.83

 Credit Rating Moody's                                                                                                                                  -



BVPS represents Book Value Per Share
Sources: Reuters, SSI




                                                                                                                            Report issued by:
                                                                        Maxford Investment Management Research Department
                                                                                                                           部究 研理管 資投福萬
                                                                                                                         www.maxford.com.hk




IMPORTANT NOTICE AND DISCLAIMER
The information contained herein including any expression of opinion or forecast has been obtained from or is based on sources believed by us to
be reliable, but is not guaranteed and we do not warrant nor do we accept liability as to adequacy, accuracy, reliability or completeness of such
information obtained from or based on external sources. The information is given on the understanding that any person who acts upon it or
otherwise changes his or her position in reliance thereon does so entirely at his or her own risk without liability on our part. This is not an offer
to buy or sell or a solicitation or incitement of offer to buy or sell any securities referred to herein. Investment involves risks, in particular, risks
associated with investment in emerging and less developed markets. Please discuss with your Financial Advisor for investment details. Past
performance is not indicative of future performance.



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