Vietnam stock market expects to have 60 newly-listed firms in 2012

16-Feb-2012 Intellasia | Dau Tu Chung Khoan | 6:39 PM Print This Post

Both bourses namely Hochiminh Stock Exchange (STC) and Hanoi Stock Exchange (HNX) have recently forecast that the number of newly-listed companies will be only more exiting in the second half of 2012.

Tran Thi Anh Dao, STC’s director of the Listing Management Department said STC is considering and solving for businesses’ listing documents that were submitted in 2011.

STC said that, in the first half of 2012, the number of newly listed companies will still be at modest level, because the stock market has not really flourished, but it will be more active in the second half of 2012. STC expected that the number of newly-listed firms in 2012 will reach at least the volume of 2011 (30 firms).

Representative from HNX also said that usually, after April, there will be more enterprises to submit their listing documents after they have audited fiscal statement. In 2012, HNX targets to have about 30 companies to go public, equalling to the volume of newly-listed firms in 2011.

HNX forecasts the volume of newly listed companies will increase strongly from late Q2 2012 but the importance still depends on the macroeconomic situation.

However, both STC and HNX agreed that increasing the number of newly listed companies is less important than improving the quality of stocks.

News from the State Securities Commission (SSC) said the regulation on raising the listing standards for enterprises on both floors is expected to be enacted and applied in the first quarter 2012. This regulation is expected to promote businesses with large capital and good business performance to go public and at the same time to purify low quality companies on both stock exchanges.


Category: Stocks

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