VinGroup’s shopping mall operator lists shares on HOSE

Vincom Retail (VRE), the shopping mall operator of the real estate giant VinGroup, started trading 1.9 million shares, equivalent to total charter capital of VNS19 trillion ($837 million , on the Ho Chi Minh Stock Exchange (HOSE) on November 6.
 

Vincom Retail, a retail arm of VinGroup, has listed 1.9 million shares on the HCM Stock Exchange. (Photo: viettimes.vn)

Vincom Retail, a retail arm of VinGroup, has listed 1.9 million shares on the HCM Stock Exchange. (Photo: viettimes.vn)

VRE shares closed the first trading session at VND40,550 ($1.79) per share, 20 percent higher than its debut price of VND33,800.
At that price, the company’s market capitalisation hit VND77 trillion, equal to $3.4 billion, making it among the top 10 largest companies by market capitalisation in Vietnam.
Vincom Retail operates 41 commercial centres with popular brands such as Vincom Center, Vincom Mega Mall and Vincom Plaza.
In the first half of this year, the company reported total revenues of VND2.73 trillion, down 26 percent year-on-year, and net profit of VND1.1 trillion, down 48.5 percent year-on-year.
It expects to achieve gross turnover of VND4.6 trillion and after-tax profits of more than VND2.1 trillion by 2018.

Vietnamnews

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).