VPBank lists over 1.3 billion shares on HoSE

Customers make transactions at the VPBank Head Office (Photo: VNA)   Hanoi (VNA) - The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) started listing 1.3 billion shares on the Ho Chi Minh Stock Exchange on August 17, while having received 1.2 billion USD worth of purchasing offers from foreign investors. Both VPBank and Viet Capital Securities Company (VCSC) had approached more than 80 foreign investors, and most of the investors made pre-listing buying offers for the bank’s shares at the price of 39,000 VND (1.73 USD), according to To Hai, director of VCSC. Hai said at VPBank’s pre-listing seminar on August 15 that the value of foreign investors’ pre-listing purchasing offers might be a historical milestone for Vietnam’s banking sector, even in the golden age of commercial banks in 2007, and it would be hard to repeat a similar-valued deal in the future.   [VPBank increases its charter capital to 14 trillion VND]   “When we were building the book value for VPBank’s shares, we recognised that foreign investors were willing to pay even higher at 44,000 VND per share,” he said, referring to the fact that VPBank was quite attractive to foreign investors at the moment. The bank was valued at least 2 billion USD when valuation of the bank’s shares started in March 2016, Hai added. It was also the time when the benchmark VN Index on the HCM Stock Exchange was around 600 points. The bank is now valued at 2.3 billion USD…... [read more]

Shares slipped on Thursday morning after major heavyweight shares lost value on rising investor caution. — Photo tinnhanhchungkhoan.vn Shares slipped on Thursday morning after major heavyweight shares lost value on rising investor caution. The benchmark VN Index on the HCM Stock Exchange reversed Wednesday’s gain, slipping by 0.2 per cent to close at 772.3 points. Large-cap stocks slumped, with 17 of the top 30 largest shares by market value and liquidity declining; only eight advanced. Financial stocks, including banks, securities firms and insurers, were also on the defensive side. Major losers include Vietcombank (VCB), Vietinbank (CTG), BIDV (BID), Military Bank (MBB), Bao Viet Holdings (BVH) and Saigon Securities Inc (SSI). Steel shares, which buoyed the market on Wednesday, also fell on Thursday morning, with the two biggest listed steel firms, Hoa Phat Group (HPG) and Hoa Sen Group (HSG), going down by 1.2 per cent and 1.4 per cent, respectively. On the positive side, food-beverage stocks such as Vinamilk (VNM) and brewery Sabeco (SAB) supported the market. On the Ha Noi Stock Exchange, the HNX Index went down 0.5 per cent to 101.24 points. Liquidity soared, with a total of 170 million shares worth VND4 trillion (US$176.2 million) being traded, up 45.3 per cent in volume and 111 per cent in value compared to Wednesday morning’s trade. The afternoon session starts at 1pm. — VNS ... [read more]

Shares slipped on Thursday morning after major heavyweight shares lost value on rising investor caution. Shares slipped on Thursday morning after major heavyweight shares lost value on rising investor caution. The benchmark VN Index on the HCM Stock Exchange reversed Wednesday’s gain, slipping by 0.2 per cent to close at 772.3 points. Large-cap stocks slumped, with 17 of the top 30 largest shares by market value and liquidity declining; only eight advanced. Financial stocks, including banks, securities firms and insurers, were also on the defensive side. Major losers include Vietcombank (VCB), Vietinbank (CTG), BIDV (BID), Military Bank (MBB), Bao Viet Holdings (BVH) and Saigon Securities Inc (SSI). Steel shares, which buoyed the market on Wednesday, also fell on Thursday morning, with the two biggest listed steel firms, Hoa Phat Group (HPG) and Hoa Sen Group (HSG), going down by 1.2 per cent and 1.4 per cent, respectively. On the positive side, food-beverage stocks such as Vinamilk (VNM) and brewery Sabeco (SAB) supported the market. On the Ha Noi Stock Exchange, the HNX Index went down 0.5 per cent to 101.24 points. Liquidity soared, with a total of 170 million shares worth VND4 trillion (US$176.2 million) being traded, up 45.3 per cent in volume and 111 per cent in value compared to Wednesday morning’s trade. The afternoon session starts at 1pm. Source VNA ... [read more]

Customers make transactions at the VPBank Head Office. — VNA/VNS Photo Tran Viet The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will start listing 1.3 billion shares on the HCM Stock Exchange on Thursday, while having received US$1.2 billion worth of purchasing offers from foreign investors. Both VPBank and Viet Capital Securities Company (VCSC) had approached more than 80 foreign investors, and most of the investors made pre-listing buying offers for the bank’s shares at the price of VND39,000 ($1.73), according to To Hai, director of VCSC. Hai said at VPBank’s pre-listing seminar on Tuesday that the value of foreign investors’ pre-listing purchasing offers might be a historical milestone for Viet Nam’s banking sector, even in the golden age of commercial banks in 2007, and it would be hard to repeat a similar-valued deal in the future. “When we were building the book value for VPBank’s shares, we recognised that foreign investors were willing to pay even higher at VND44,000 per share,” he said, referring to the fact that VPBank was quite attractive to foreign investors at the moment. The bank was valued at least $2 billion when valuation of the bank’s shares started in March 2016, Hai added. It was also the time when the benchmark VN Index on the HCM Stock Exchange was around 600 points. The bank is now valued at $2.3 billion on the starting trade price of VND39,000 per share, making it one of the top 10…... [read more]

Stock trading at MB Securities Company. — VNS Photo Truong Vi Shares recovered from morning losses on Wednesday, with large-cap stocks, especially steel and fertiliser shares, leading the way. On the HCM Stock Exchange, the VN-Index edged up 0.33 per cent to close at 773.57 points. The key southern market index went down 0.66 per cent on Tuesday. On the Ha Noi Stock Exchange, the HNX-Index picked up 0.44 per cent to end at 101.74 points. It inched down 0.2 per cent in the previous session. Capital flows yesterday focused on the steel, fertiliser and construction sectors. The two biggest listed steelmakers – Hoa Phat Group (HPG) and Hoa Sen Group (HSG) – increased 2.2 per cent and 1.5 per cent, respectively. Other small steel firms such as Nam Kim Steel (NKG), Vietnam-Italy Steel (VIS) and Tien Len Steel (TLH) rose between 0.4 per cent and 1.4 per cent each. Big companies in the fertiliser and construction industries such as PetroVietnam Fertiliser and Chemicals (DPM), Ca Mau Fertiliser (DCM), FLC Faros Construction (ROS) and Coteccons Construction (CTD) also rallied. Other large-cap stocks supporting the market included PV Gas (GAS), Masan Group (MSN), brewery Sabeco (SAB), insurer Bao Viet Holdings (BVH) and Mobile World Group (MWG). On the negative side, banks weighed the market down. Losers included BIDV (BID), Vietinbank (CTG) and Military Bank (MBB), three of the four largest listed lenders by market value. According to FPT Securities…... [read more]

Shares recovered from morning losses on Wednesday, with large-cap stocks, especially steel and fertiliser shares, leading the way. Stock trading at MB Securities Company. - VNS Photo Truong Vi On the HCM Stock Exchange, the VN-Index edged up 0.33 per cent to close at 773.57 points. The key southern market index went down 0.66 per cent on Tuesday. On the Ha Noi Stock Exchange, the HNX-Index picked up 0.44 per cent to end at 101.74 points. It inched down 0.2 per cent in the previous session. Capital flows yesterday focused on the steel, fertiliser and construction sectors. The two biggest listed steelmakers – Hoa Phat Group (HPG) and Hoa Sen Group (HSG) – increased 2.2 per cent and 1.5 per cent, respectively. Other small steel firms such as Nam Kim Steel (NKG), Vietnam-Italy Steel (VIS) and Tien Len Steel (TLH) rose between 0.4 per cent and 1.4 per cent each. Big companies in the fertiliser and construction industries such as PetroVietnam Fertiliser and Chemicals (DPM), Ca Mau Fertiliser (DCM), FLC Faros Construction (ROS) and Coteccons Construction (CTD) also rallied. Other large-cap stocks supporting the market included PV Gas (GAS), Masan Group (MSN), brewery Sabeco (SAB), insurer Bao Viet Holdings (BVH) and Mobile World Group (MWG). On the negative side, banks weighed the market down. Losers included BIDV (BID), Vietinbank (CTG) and Military Bank (MBB), three of the four largest listed…... [read more]

Shares continued to slide on Wednesday morning, led by large companies in the food-beverage and banking sectors. — Photo tinnhanhchungkhoan.vn Shares continued to slide on Wednesday morning, led by the slump witnessed by large companies in the food-beverage and banking sectors. The VN-Index on the HCM Stock Exchange was down 0.22 per cent to end at 769.34. Only 10 of the top 30 largest stocks by market value and liquidity advanced while 18 declined. Banks and food-beverage firms were among the biggest losers. Vinamilk (VNM) declined 0.9 per cent while brewery Sabeco (SAB) edged down 0.4 per cent. Confectionery Kido Group (KDC), Habeco (BHN) and sugar manufacturer Thanh Thanh Cong Tay Ninh (SBT) fell between 0.2 per cent and 4.1 per cent each. Four of listed six lenders on the southern bourse lost value, of which BIDC (BID) was hit the hardest with a decrease of 1.5 per cent. Vietinbank (CTG), Military Bank (MBB) and Sacombank (STB) declined by less than one per cent each. On the positive side, Vietcombank (VCB), Masan Group (MSN), steelmakers Hoa Sen Group (HSG) and Hoa Phat Group (HPG), PV Gas (GAS) and Mobile World Group (MWG) increased and cushioned the market. On the Ha Noi Stock Exchange, the HNX-Index inched down 0.03 per cent at 101.27 points. A total of 117 million shares worth over VND1.9 trillion (US$85.4 million) were traded on the two markets. Afternoon trade starts at 1pm. — VNS ... [read more]

Shares declined on August 15 after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence (Photo: zing.vn) Hanoi (VNS/VNA) - Shares declined on August 15 after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence. The benchmark VN-Index on the HCM Stock Exchange went down 0.66 percent to close at 771.06 points. The southern market index increased 0.53 percent on August 14. On the Hanoi Stock Exchange, the HNX-Index was down 0.2 percent to end at 101.3 points. The northern market index dropped 0.64 percent in the previous session. The slump of large-cap stocks in the main bourse in HCM City negatively affected investor sentiment. Two-thirds of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange lost value while only ten advanced. Major market support such as banks, food-beverage, real estate and construction companies all tumbled. Real estate firms recorded the biggest loss yesterday with an average decrease of 1.52 percent, data on vietstock.vn showed, with big names including VinGroup (VIC), Kinh Bac City Development (KBC), FLC Group (FLC), Phat Dat Real Estate Development (PRD) and Coteccons Construction (CTD). Seven of nine listed lenders on the two exchanges slipped while only one picked up. The four largest banks by market value – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB)…... [read more]

Shares continued to slide on Wednesday morning, led by the slump witnessed by large companies in the food-beverage and banking sectors. Shares continued to slide on Wednesday morning, led by large companies in the food-beverage and banking sectors. The VN-Index on the HCM Stock Exchange was down 0.22 per cent to end at 769.34. Only 10 of the top 30 largest stocks by market value and liquidity advanced while 18 declined. Banks and food-beverage firms were among the biggest losers. Vinamilk (VNM) declined 0.9 per cent while brewery Sabeco (SAB) edged down 0.4 per cent. Confectionery Kido Group (KDC), Habeco (BHN) and sugar manufacturer Thanh Thanh Cong Tay Ninh (SBT) fell between 0.2 per cent and 4.1 per cent each. Four of listed six lenders on the southern bourse lost value, of which BIDC (BID) was hit the hardest with a decrease of 1.5 per cent. Vietinbank (CTG), Military Bank (MBB) and Sacombank (STB) declined by less than one per cent each. On the positive side, Vietcombank (VCB), Masan Group (MSN), steelmakers Hoa Sen Group (HSG) and Hoa Phat Group (HPG), PV Gas (GAS) and Mobile World Group (MWG) increased and cushioned the market. On the Ha Noi Stock Exchange, the HNX-Index inched down 0.03 per cent at 101.27 points. A total of 117 million shares worth over VND1.9 trillion (US$85.4 million) were traded on the two markets. Afternoon…... [read more]

Shares declined on Tuesday after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence.– Photo zing.vn Shares declined on Tuesday after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence. The benchmark VN-Index on the HCM Stock Exchange went up 0.66 per cent to close at 771.06 points. The southern market index increased 0.53 per cent on Monday. On the Ha Noi Stock Exchange, the HNX-Index was down 0.2 per cent to end at 101.3 points. The northern market index dropped 0.64 per cent in the previous session. The slump of large-cap stocks in the main bourse in HCM City negatively affected investor sentiment. Two-thirds of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange lost value while only ten advanced. Major market support such as banks, food-beverage, real estate and construction companies all tumbled. Real estate firms recorded the biggest loss yesterday with an average decrease of 1.52 per cent, data on vietstock.vn showed, with big names including VinGroup (VIC), Kinh Bac City Development (KBC), FLC Group (FLC), Phat Dat Real Estate Development (PRD) and Coteccons Construction (CTD). Seven of nine listed lenders on the two exchanges slipped while only one picked up. The four largest banks by market value – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank…... [read more]




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