Articles worth reading
Image : China to Return Seized US Drone

China to Return Seized US Drone

person Orange Themes access_time Dec 17,2016

China to Return Seized US Drone China's Defense Ministry said on Saturday it plans to return an underwater U.S. drone seized this week by a Chinese naval vessel in the South China Sea, but complained the United States was “hyping up” the incident.

Image : Mag-5.8 quake rattles Trinidad, nearby islands; no damage

Mag-5.8 quake rattles Trinidad, nearby islands; no damage

person Orange Themes access_time Dec 07,2016

PORT-OF-SPAIN, Trinidad (AP) — A strong earthquake rattled Trinidad and Tobago and nearby Caribbean islands Tuesday but there were no reports of any significant damage or injuries.

Image : Obama tells outgoing Renzi Italy will remain close ally

Obama tells outgoing Renzi Italy will remain close ally

person Orange Themes access_time Dec 07,2016

WASHINGTON (Reuters) - U.S. President Barack Obama called Italy's outgoing Prime Minister Matteo Renzi on Tuesday to talk about this week's referendum and assure him that Italy will remain a close ally of the United States, the White House said.

Latest blog articles

OTC market heats up on State firms

access_time Nov 28,2016 chat_bubble_outline 55 views

Shares of many big enterprises have become hot commodities in recent days on the over-the-counter (OTC) market as investors bet on yet to list companies to be superstars on the Unlisted Public Company Market (UPCoM).


OTC market heats up on State firms

Vietnam Airlines, Saigon Beer-Alcohol-Beverage Corporation (Sabeco), Quang Ngai Sugar JSC, Truong Hai Auto Corporation and Vietnam National Petroleum Group (Petrolimex) are all floating on the OTC market and are on investor’s radars.

The success of State-owned companies such as Hanoi Beer Alcohol and Beverage Corporation (Habeco) and Airports Corporation of Vietnam (ACV) when debuting on the UPCoM has buoyed trade on the OTC market.

Vietnam Airlines, Saigon Beer-Alcohol-Beverage Corporation (Sabeco), Quang Ngai Sugar JSC, Truong Hai Auto Corporation and Vietnam National Petroleum Group (Petrolimex) are all floating on the OTC market and are on investor’s radars.

According to big brokers, the stock prices of these companies have increased in the past month because of rapidly rising demand.

A share in Vietnam Airlines costs about VND40,000 ($1.78), a rise of 79 per cent over its IPO price of VND22,300 in November 2014.

The national flag carrier has been quiet since its IPO after 99 per cent of its 49 million shares for sale were collected by two banks, Vietcombank and Techcombank. Its recent price hike was attributed to the listing success of ACV whose stock price has shot 64 per cent in the first week of trading, from VND25,000 per share on Monday to nearly VND41,000 yesterday.

ACV’s price is also 180 per cent higher than its IPO price in December 2015.

Vietnam Airlines early this week asked its shareholders to register their ownership by the end of this month to serve its registration on the UPCoM in December.

“This investment wave on the OTC focuses on State-owned enterprises which have made initial public offerings,” Nguyen Huu Minh, director of EPS Investment Consulting Joint Stock Company was quoted by Dau thau (Bidding) newspaper as saying.

Minh said investors were looking to shares of equitised State-owned enterprises on the OTC and betting on prices rising once they are listed. In addition, the new regulation which forces equitised companies to trade on the UPCoM after an IPO has eased investors’ concerns over listing delays.

Prices of Habeco have also soared 94.5 per cent since its debut on October 28, shooting from VND54,600 per share to VND106,200 on November 25.

Investors expect similar success will be replicated in other shares on the OTC.

Shares of Quang Ngai Sugar, Truong Hai Auto and Petrolimex have also advanced in recent days. Shares of Truong Hai Auto are valued at VND90,000 a share while that of Quang Ngai Sugar were bought at VND82,000 and Petrolimex at VND30,000.

As State-owned enterprise equitisation is speeding up and the Government puts many market support policies in practice, analysts predict trading on the OTC market will continue to be buoyant in the future.

VNS

Film review: Ranbir Kapoor gets it right in Ae Dil Hai Mushkil

Read on the original site chat_bubble_outline Read More...

Australia to continue supporting Vietnamese agriculture

Australian Ambassador to Vietnam, Craig Chittick made this statement at the Country consultation on an Australia-Vietnam collaborative research strategy on agricultural development 2017-2027, held in Hanoi on March 6. Organised by the Australian Centre for International Agricultural Research (ACIAR), the event aimed to define demand of Vietnam and support from Australia to build a collaborative strategy between the two countries and help Vietnam achieve its development goals. According to the… chat_bubble_outline Read More...

Dan Single out of intensive care after third floor fall in Paris

Read on the original site chat_bubble_outline Read More...

James Earl Jones, Donald Glover cast in 'Lion King' remake

Read on the original site chat_bubble_outline Read More...

The Highs and Lows of Fox's Rocky Horror Picture Show

Read on the original site chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...