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TCB'S FIRST DAY OF TRADING ENDED UP BEING THE SECOND BIGGEST CAPITALIZATION IN THE BANKING SYSTEM

TCB'S FIRST DAY OF TRADING ENDED UP BEING THE SECOND BIGGEST CAPITALIZATION IN THE BANKING SYSTEM

Wednesday 16, 10 2019
Today, The Ho Chi Minh City Stock Exchange (HOSE) held a event of IPO day of Vietnam Technological and Commercial Joint Stock Bank (Techcombank - TCB). As a result, 1.16 billion Techcombank shares were listed at VND128,000 per share and VND6.5 billio
Today, The Ho Chi Minh City Stock Exchange (HOSE) held a event of IPO day of Vietnam Technological and Commercial Joint Stock Bank (Techcombank - TCB). As a result, 1.16 billion Techcombank shares were listed at VND128,000 per share and VND6.5 billion of market value.
Thus, TCB's market capitalization was the second biggest in the banking sector of Vietnam and only ranked behind Vietcombank

TCB INCOME STATEMENT IS HIGHLY ASSESSED

Net Profit / Total Assets (ROA) at the 2.95% is the highest point in Vietnam banking sector.

With the strengths of retail bank leading in market share of lending to buy apartment and high non-interest income rate (up to 45%), TCB is got a good and potential bank.

“ TCB'd rather focus on profit and revenue than increasing the total assets. At present, TCB's revenue and profitability are determined to be the highest in Vietnam and region in banking sector."- Mr Le Quoc Anh, Techcombank's General Director

In April, the two largest organizations S & P and Moody's also independently evaluated and raised the credit rating to the highest level in Vietnam; equal to national rank. In that, Techcombank's corporate health and human resource efficiency are among the leading in the world in the banking industry.

After listing, TCB will pay dividend by share at the ratio of 1: 2 (each share will receive 2 new shares), to make this stock to around 40,000 VND.

 

Source: HOSE

In this morning, TCB has reduced its trading band, valued at VND 102,400 / share. Average Sell column was blank indicating that investors are quite cautious and do not want to transact at this time.
 
Source: Vietstock


 
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Financial News

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