Commercial banks have been rushing to list shares on the stock exchange, not only because of the D-day but also because the wave of king stocks has returned. Many banking stocks have risen by 30-50 percent, and some stocks even have risen by 100 percent compared to the beginning of the year, prompting bank owners to take the opportunity to put their shares on the market.
From the beginning of this year to now, the share listing plans of commercial banks have been extremely quiet, currently, many banks have changed their listing routes.
Although stocks on the unlisted public company market (UPCoM) contain many risks, surprisingly, the number of companies increasing was not less than those of two trading floors HOSE and HNX. Whether the fact that many large-cap stocks still stayed on the UPCoM attracted foreign investors or a wide trading range helped the UPCoM to bring higher profits?
According to statistics, by the end of August this year, market capitalization of unlisted public companies (UPCoM) exceeded VND1 quadrillion (US$43.08 billion) with a total of 850 enterprises having registered.
Hanoi Stock Exchange (HNX) has approved of registration for trading shares of Viettel Global Investment JSC, a subsidiary of military-run telecom Viettel Group.
Saigon Mien Trung Beer (SMB) has just announced its shareholders have approved to move 29.846 million shares to the HCM City Stock Exchange (HOSE) from the Unlisted Public Company Market (UPCoM).
The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.
At its shareholders’ meeting on June 23 in Hanoi, Viettel Group’s international investment arm Viettel Global, shareholders agreed that Viettel Global will be listed on the Unlisted Public Company Market (UpCOM) in July.
