Stock market welcomes more giants

22-Dec-2016 Intellasia | VnExpress | 1:59 PM Print This Post

Year 2016 is the deadline for state-owned enterprises (SOEs) to register for trading after being equitised in the previous time. That has made the Unlisted Public Company Market (UPCoM) and the stock market to become exciting, along with the participation of many new members which are large-scale private enterprises and groups.

The two leading enterprises in the field of aviation and real estate including Vietjet Air Joint Stock Company (Vietjet Air) and Novaland Group (Novaland) have announced their listing plans. It also means that their leaders will also join the group of giant businesspersons on the stock market of Vietnam.

For Vietjet Air, Nguyen Thi Phuong Thao, general director and the biggest shareholder of the firm, is currently holding 83.25 percent of Vietjet Air’s stake, including direct ownership of nearly 75 million shares (24.92 percent) and indirect ownership through related companies.

According to the disclosure information, Thao may reduce her ownership rate to 71.25 percent. However, with the expected listing price of Vietjet Air from 75,900 – 98,400 dong per share according to Reuters, the value of the shares owned by Thao on the first day of listing will be about 16.200 to 21 trillion dong, exclusive of the fluctuations of Vietjet Air’s stock (if any) after the listing.

An analysis report released by ACB Securities Company (ACBS) stated that the biggest shareholder of Novaland is the firm’s chair Bui Thanh Nhon. The ownership rate of the firm’s Chair of the Board of directors and his related parties is estimated at 65.37 percent, equivalent to nearly 390 million shares (based on the number of shares under the announcement on becoming public company of Novaland in early December 2016).

Although the listing price of Novaland has not officially been published, with price of nearly 60,000 dong per share traded on the Over-the-counter (OTC) market, the value of the shares owned by Nhon and his related parties is estimated at more than 23 trillion dong, equivalent to more than one billion US dollars.

In late September, Ba Na Service Cable Car Joint Stock Company (BNC) has also announced its registration for getting listed. According to the announcement, the two largest shareholders of the firm are Le Viet Lam – Chair of the Board of directors of Sun Group and Manh Xuan Thuan, with ownership rates of respectively 38.57 percent (83.5 million shares) and 34 percent (73.6 million shares).

BNC has not released its share price on the first day of listing. Nevertheless, with trading price on OTC market ranging from 18,000 to 22,000 dong per share, Lam and Thuan are said to be easily be on the list of the richest people on the stock market.

The recent information about the listing on the UPCoM of the firm which holds the highest market share in the country for soymilk products – Quang Ngai Sugar Joint Stock Company (QNC, owner of the two brands Vinasoy and Fami) showed that the main shareholders of the company are mostly its leaders. Based on the expected price on the first day of trading of 80,000 dong per share, the value of shares owned by Chair of QNC Vo Thanh Dang and his related persons has exceeded one trillion dong. In addition to Dang and his family, seven individuals in the Board of leaders of the firm will record share ownership of more than 100 billion dong after QNS shares are traded.



Category: Stocks, Vietnam

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