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Highly valued firms enter bourse, attracting investors

Sunday 29, 01 2017
Hundreds of trillions of shares in dong transacted on the bourses since the last days of 2016 have brought great opportunities to investors.
Highly valued firms enter bourse, attracting investors

Hundreds of trillions of shares in dong transacted on the bourses since the last days of 2016 have brought great opportunities to investors.

On January 3 alone, two giants – Vietnam Airlines (VNA) and the Vietnam Textile & Garment Group (Vinatex) -- listed their shares on UpCom market. 


More than 1.2 billion VNA shares have the reference price of VND 28,000 when entering the bourse, while its price hit the ceiling level of VND 39,200 per share in the first trading session. 

As such, the nation’s flag air carrier’s capitalization value is about VND 46.8 trillion, or $2.1 billion.

Vinatex, the nation’s biggest textile and garment manufacturer, lists 500 million VGT shares at the reference price of VND 13,500 per share, with which its capitalization value has reached VND6.75 trillion.

Also in the first week of 2017, Masan Consumer registered to put 538 million MCH shares into transactions at the reference price of VND90,000 per share. Its capitalization value is VND48.4 trillion, or $2.1 billion.

VIB Bank plans to list its 564 million shares with the reference price of VND 17,000 per share and the capitalization value of VND9.6 trilion.

Prior to that, the HCMC Stock Exchange (HOSE) welcomed NVL shares of Novaland, one of the largest real estate firms, on December 28, 2016. NVL shares were traded at VND 60,000 per share on that day and VND 61,500 the next day. With such prices, Novaland has the capitalization value of VND 35 trillion, or $1.6 billion.

Some days before that, Viglacera made its debut on the Hanoi bourse putting 65 million shares into transaction at the reference price of VND15,600 per share.

An analyst commented that with Viglacera’s total listed share value of over VND1 trillion, the corporation would be listed among the ‘big players’ in the market.

More than one month ago, 2.18 billion ACV shares of the Airports Corporation of Vietnam (ACV), entered the UpCom market. Also considered as ‘valuable goods’, ACV share prices have been increasing and its capitalization value has climbed to VND110 trillion, or $5 billion.

The upward trend can also be seen with Sabeco, the nation’s leading brewer. Since it began listing 640 million SAB shares on December 6, the share price has been increasing. With the price now hovering around VND 200,000, its capitalization value has reached VND 130 trillion, or $6 billion.

The total value of the shares to list on the bourse, according to SSI, is up to hundreds of trillions of dong. Meanwhile, SCIC plans to divest capital in 10 large listed corporations.

Regarding the stock market scale, analysts said it may increase by 20% next year. If so, the target of increasing the stock market’s capitalization value to 70 percent of GDP by 2020 from 35-40 percent currently proves to be attainable.

 

Categories:
Financial News

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