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Image : Brand Finance announces Vietnam’s top 50 brands

Brand Finance announces Vietnam’s top 50 brands

person Orange Themes access_time Sep 16,2016

The list of 50 most valuable brands on Vietnam’s stock market was released by the UK-based Brand Finance in Hanoi on September 15.

Image : Down Ticket #22: Confident of a White House win, Clinton & Co. push to expand the down-ballot map

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person Orange Themes access_time Oct 21,2016

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Image : Six die in fire at Malaysian hospital

Six die in fire at Malaysian hospital

person Orange Themes access_time Oct 25,2016

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Vietjet Air share prices rise, but VN Airlines has larger market share

access_time Mar 20,2017 chat_bubble_outline 51 views
Analyst continue to draw comparisons between Vietnam Airlines, the nation’s flag air carrier, and the low cost carrier Vietjet Air, as both of them have listed shares on the stock market.

Vietjet Air share prices rise, but VN Airlines has larger market share

After entering the bourse in January 2017, HVN shares of Vietnam Airlines saw prices increasing sharply, hitting the VND50,200 per share ceiling on January 5. But later, the share price slid, now hovering around VND32,000-33,000 per share.
Meanwhile, since the day it made debut on February 28, VJC shares of Vietjet Air have seen prices escalating, now hovering around VND130,000-132,000 per share.

The market price of Vietjet is now four times higher than the market price of Vietnam Airlines, a big player in the market.

The market price of Vietjet is now four times higher than the market price of Vietnam Airlines, a big player in the market. Some securities investors said that the young Vietjet has defeated Vietnam Airlines to become the largest airline in Vietnam.
However, in fact, Vietjet has only outstripped Vietnam Airlines in capitalization value. Vietjet’s capitalization value is now at VND39.24 trillion, while Vietnam Airlines’ is VND38.912 trillion. 
Meanwhile, Vietnam Airlines still had higher revenue and holds larger market share than Vietjet.
According to Vincente Nguyen, director of Asia Frontier Capital, making comparison in share market price does not have much significance. 
The share price is determined by supply and demand. The short-term sharp increase in the demand and small supply may cause unreasonable increases in share prices. However, in long term, the share prices must truly reflect the value of enterprises. 
Other shares which entered the bourse recently have also seen market prices increasing. And this could be explained by the modest amount of shares available in the market.
Regarding the P/E (price-earning ratio), Vietjet has a P/E of 17.3, while Vietnam Airlines is 17. This means that the two airlines have nearly the same P/E (Vietnam Airlines still has not made public the Q4/2016 finance report).
If only considering the P/B (price to book ratio), one would see that Vietjet is highly valued. However, Vietjet has very high turnover growth rate, 25-30 percent, while Vietnam Airlines’ growth rate is inconsiderable. This explains why investors put high hopes on Vietjet.
Vietjet is quite likely to exceed Vietnam Airlines in market share in the near future. It is very dynamic with an increasingly high number of air routes which helps revenue increase sharply.
Vietnam Airlines and Vietjet Air are the two leading enterprises in market which hold 42.5 percent and 41.5 percent, respectively, in domestic aviation market share. 
Jetstar Pacific holds 14.2 percent. However, 70 percent of Jestar Pacific’s stakes is held by Vietnam Airlines.


Vietjet gets approval for HOSE listing

Vietnam Airlines vs Vietjet Air: who will gain the upper hand?

Mai Chi

Paralyzed New York detective who became voice for peace dies

NEW YORK (AP) — New York Police Department Detective Steven McDonald, who was paralyzed by a teenage gunman's bullet in 1986 but publicly forgave the shooter and became an international voice for peace, died Tuesday at age 59.McDonald had been hospitalized Friday on Long Island after suffering a heart attack and died there, the NYPD said."No one could have predicted that Steven would touch so many people, in New York and around the world," police Commissioner James O'Neill said. "Like so many… chat_bubble_outline Read More...

Hanoi-Hong Kong partnership offers US$50 billion traffic infrastructure investment

Hanoi General Export Import JSC (Geleximco) and Hong Kong United Investors Holding expressed interest in co-developing four large-scale traffic infrastructure projects in Vietnam. Notably, the two parties have requested authorisation from the Ministry of Transport to develop the Thanh Hoa-Ha Tinh and Ho Chi Minh City-Khanh Hoa expressways under the north-south expressway project, the Halong-Van Don-Mong Cai Highway project, the north-south express railway project, and the Long Thanh… chat_bubble_outline Read More...

PetroVietnam unit to offload 2.9 million shares from power company

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EU fails to break impasse over trade pact with Canada

BRUSSELS (AP) — The European Union failed to finalize a massive free trade deal with Canada by a self-imposed deadline on Friday, with the tiny Belgian region that's holding up the pact saying its objections had not been sufficiently addressed.Paul Magnette, the president of Wallonia, spent hours talking with EU officials and Canadian International Trade Minister Chrystia Freeland to find a compromise by the end of a two-day summit in Brussels.Talks will continue as the deal needs unanimity… chat_bubble_outline Read More...

Iraqi forces battle car bombs with commercial drones

Salahiyah (Iraq) (AFP) - On the Mosul front lines, Iraqi forces have found a new tool to counter the Islamic State group's suicide car bombs: small commercial drones."It's a car bomb!" Mohammed Salih alerted his forces after checking the live feed from a drone his men were flying over the area, on the Mosul battle's southern front.A few seconds later, a large plume of smoke rose up where an attack helicopter had fired two rockets and taken out the explosives-laden vehicle that was heading… chat_bubble_outline Read More...

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