Vietnam stocks: Dong Hai, PetroVietnam Drilling & Well Services

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Shares of the following companies had unusual moves in Vietnam trading on Monday. Stock symbols are in parentheses and prices are as of close in Ho Chi Minh City.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.1 percent to 438.07.

The VN-30 Index, a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, increased 0.1 percent to 497.22.

Dong Hai Joint-Stock Co. of Ben Tre (DHC VN), a paper manufacturer, rose 4.8 percent to VND8,700, the biggest gain since March 9. Nguyen Thanh Nghia, a major shareholder, plans to buy 1 million shares to boost his stake to 12.5 percent from 5.8 percent, according to a statement on the exchange's website.

PetroVietnam Drilling & Well Services Joint-Stock Co., (PVD VN), which offers technical services to the oil and natural-gas industry, gained 2.7 percent to VND38,000.

Oil traded near the highest price in a week in New York as investors bet that a US economic recovery and Saudi Arabian crude output near the strongest level since at least 1980 signal fuel demand is increasing.

Sai Gon-Quy Nhon seen most expensive in Vietnam materials sector

Vietnam's Sai Gon-Quy Nhon Mining Corp seems to be the most expensive among 120 stocks in the country's materials sector, data from Thomson Reuters StarMine shows.

At current prices, the miner is trading at over 26 times its intrinsic value of 3199.89 dong, as calculated by StarMine.

The stock is not tracked by analysts currently.

The miner also scores badly on StarMine's valuation metrics with a Value-Momentum score of 27 and an Earnings Quality score of 25.

It has an enterprise value-to-sales ratio of 72 and trades at a price-to-book ratio of 7.8.

Year-to-date, the stock is flat compared to a near-24 percent rise in the benchmark HNX index.

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