About two billion shares of six companies will start trading on the stock market this week, of which Vincom Retail debuts 1.9 billion shares on the HCM Stock Exchange on Monday.
Vincom Retail (VRE)
Vincom Retail (VRE), the mall operator of the real estate giant VinGroup, starts trading 1.9 million shares, equivalent to a total charter capital of VND19 trillion (US$837 million), on the biggest HCM Stock Exchange on Monday.
VRE shares are trading around VND40,550 ($1.79) per share, 20 per cent higher than its debut price of VND33,800 ($1.5).
At that price, the company’s market capitalisation will surpass VND77 trillion, equal to $3.4 billion, making it among the top 10 largest companies by market capitalisation in Viet Nam.
Vincom Retail operates 41 commercial centres with popular brands such as Vincom Center, Vincom Mega Mall and Vincom Plaza. The operation of commercial centres is among the most profitable segments of Vingroup, which brought in some VND2.88 trillion in revenue and VND1.45 trillion in pre-tax profit for VinGroup in the first half of this year.
Pymepharco JSC (PME)
Pymepharco (PME) will debut 65.22 million shares on the HCM Stock Exchange on Wednesday with the reference price of VND68,000 ($3) per share, which is allowed to fluctuate between +/-20 per cent on the first trading day.
At this price, Pymepharco is valued at VND4.44 trillion ($196 million).
Established in 1989, Pymepharco is among the largest pharmaceutical companies in Viet Nam, which produces, trade import and export medicinal-pharmaceutical materials and equipment with more than 20 countries in the world.
The company has targeted net revenues of VND1.57 trillion and a pre-tax profit of VND300 billion for the whole 2017. It plans a minimum 20-per-cent dividend this year. Ending September, it earned VND1.2 trillion net revenue and VND215 billion net profits.
Trang Thi Commercial and Services (T12)
Trang Thi Commercial and Services JSC (T12) will start trading 13.5 million shares on the Unlisted Public Company Market (UPCoM) on Monday at a debut price of VND28,000 per share.
Founded in 1955, the company made its initial public offering (IPO) in 2015, with over 3.1 million shares, equal to 23 per cent of its charter capital, being sold to the public. Ha Noi Trade Corp (Hapro) is the current biggest stakeholder with 53.33 per cent of capital.
The company reported net revenues of VND191.6 billion and a net profit of less than VND2 billion in the first half of this year.
Other three companies begin trading on UPCoM this week, including real estate trading Harec Investment and Trade JSC (HRB), with 6.34 million shares and garment company Duc Giang Corp (MGG), with 6.2 million shares on Monday, and Quang Binh Environment and Urban Development JSC (MQB), with 3.67 million shares on Wednesday. — VNS