The Hanoitimes - The pressure for domestic securities companies will increase along with the expansion of foreign-owned securities ones. Foreign finance groups have recently poured trillions of Vietnamese dong into their securities subsidiaries in Vietnam, helping them enlarge market share rapidly and become big players in the local market. Foreign securities expect to join the local fruitful derivatives market Backed up by huge financial resources and specific customer segments supported by parent groups, foreign securities companies in Vietnam such as Mirae Asset, Maybank Kim Eng, KIS Vietnam, KB Vietnam and Yuanta, are emerging as redoubtable competitors of local securities brokers. Recently, Mirae Asset, which has been one of the first fully foreign-owned securities companies set up in Vietnam in 2007, has for the first time entered the top 10 securities companies in terms of market share on the Ho Chi Minh City Stock Exchange (HoSE) in the second quarter of this … [Read more...] about Foreign investment warms up share race in Vietnam’s stock market
Shares in the stock market
Viet Nam News HÀ NỘI — Securities companies remained net buyers in October despite a strong market decline. According to Stockplus statistics, securities firms purchased 90.6 million shares worth VNĐ3.8 trillion (US$163 million) in October while selling more than 92.3 million shares for VNĐ3.77 trillion. They were net sellers in terms of volume by 1.7 million shares but still net bought more than VNĐ36.4 billion. This was a positive sign given that foreign traders continued to offload shares when the stock market plunged in October. On the Hồ Chí Minh Stock Exchange, the VN-Index lost about 10 per cent in October while the HNX-Index on the Hà Nội Stock Exchange also gave up 9.4 per cent. Excluding unexpected trading from Masan Group, foreign investors ended October as net sellers with total value of more than VNĐ2 trillion ($92 million). The PAN Group (PAN), FLC Faros Construction (ROS), fund certificate E1VFVN30 and … [Read more...] about Securities companies maintains buy status in October despite market decline
A view of Ban Gioc fall in northern Cao Bang province. — Photo 24h.com.vn At the close on July 20 the share price of Tay Ninh Cable Car Tour Joint Stock Company (TCT) stood at VND67,000, slightly up for the year but with a gain of 40 per cent from a year ago. The company, founded in 2006, operates cable car systems for people and goods in Tay Ninh Province and is listed on the Ha Noi Stock Exchange. Market observers attributed the sharp increase in the Tay Ninh-based company’s share price to its excellent performance. Its gross margin in 2016 and 2017 was 80 per cent on average. The good results have continued in the first half of this year, with turnover and pre-tax profit being VND130 billion (US$5.73 million) and VND83 billion ($3.7 million), up 8 per cent and 1 per cent year-on-year. It has been paying dividends consistently of around 30 per cent. Hoi An Tourist Service Company saw its shares zoom in March-April from VND12,000 to VND62,000 before giving up some … [Read more...] about Tourism booming but stock market takes little notice
Vinhomes, the real estate arm of Vingroup JSC, listed 2.68 billion shares on the Ho Chi Minh City Stock Exchange on May 16 under the ticker VHM. The company expects to garner attention from foreign investors. Vinhomes is now the second largest listed company in the stock market, only behind its parent firm Vingroup Vinhomes JSC is now the largest real estate developer in the Vietnamese stock market with a gigantic market capitalisation of $13.5 billion. The initial price this morning was VND92,100 ($4.06), which flew to the daily ceiling price as soon as trading began. Upon Vinhomes’ listing, the Ho Chi Minh City Stock Exchange (HOSE) saw its total market capitalisation go up by 10 per cent. Vinhomes is now the second largest listed company on the bourse, surpassing other giants like Vinamilk or Saigon Beer. Vinhomes currently enjoys a 15 per cent market share in the Vietnamese residential apartment sector and 48 per cent in the premium segment. The firm is now carrying … [Read more...] about Vinhomes makes historic stock market debut
VietNamNet Bridge - The Vietnamese stock market in 2017 saw stock prices escalating, but not all investors could make money. The stock market in 2017 saw stock prices escalating Tuan, a 27-year-old investor, spends most of his time watching electronic boards on securities and trading floors and calling brokers. He was surprised that the CMG share price had dropped so dramatically despite the upward trend of the market. The high GDP growth rate, the government’s actions, and foreign capital flow are the three factors behind the strong rise of the stock market in 2017. ‘Too strong’, ‘crazy’ and ‘incredible’ are the words investors use to describe the rise of the stock market in 2017. RELATED NEWS GDP growth must rely on internal strength: economists Three scenarios for Vietnam stock market in late 2017 Kim Chi … [Read more...] about What’s behind the strong performance of the stock market in 2017?