Mr. Tran Van Dung, CEO of the Ho Chi Minh City Stock Exchange (HOSE), said that HOSE will build a mutual index between HOSE and the Ha Noi Stock Exchange, at a press conference on April 11. The mutual index plays an important role in attracting indirect investment capital from foreign investors as well as creating transparency and trustworthiness of the market in the eyes of foreign investors. Building a mutual index between HOSE and HNX is a policy of the State Securities Commission to provide favorable conditions for the country’s stock market.Accordingly, HOSE and HNX will sign a memorandum of collaboration on April 12. Under the plan, the two trading floors and securities companies will finish preparation for infrastructure in the third quarter of 2016 and the new index will be launched by the end of this year. This is considered as an essential step for the upcoming merger of the two trading floors. … [Read more...] about HOSE to build mutual index with HNX in 2016
Hose
Korea ferry survivors saved by curtains, fire hoses
Student survivors of South Korea's ferry disaster testified Tuesday how passengers, abandoned by the crew, improvised means of escape, using fire hoses to pull people to safety as the vessel sank. On a second day of student testimony in the trial of the Sewol ferry's captain and 14 crew, more than a dozen high school teenagers recalled the trauma of the April 16 tragedy that killed 250 of their classmates. One spoke of how she was saved by the actions of an adult passenger as sea water flooded into the heavily listing ferry. "At first, someone lowered a strip of window curtain that I grabbed on to, but then I slipped back down," the student said. "Then a passenger threw me a fire hose and I tied it around my hips and he pulled me up," she added. The charges against the Sewol crew arise from their decision to abandon ship while hundreds of people were still trapped inside. Captain Lee Joon-Seok and three senior crew members are accused of "homicide through willful negligence" -- a … [Read more...] about Korea ferry survivors saved by curtains, fire hoses
HOSE, Deloitte team up for risk management
HOSE, Deloitte team up for risk management The Saigon Times Daily Representatives of the Hochiminh Stock Exchange (HOSE) and Deloitte Vietnam Company shake hands after signing a memorandum of understanding (MoU) on risk management on November 27. The cooperation aims to improve risk management system of listed enterprises and securities firms. The program includes training courses on internal audit and accounting. - PHOTO: COURTESY OF HOSE … [Read more...] about HOSE, Deloitte team up for risk management
HDBank debuts in HOSE, gets into Top 20 heavyweights
HDBank debuts on the Ho Chi Minh Stock Exchange (HOSE) on January 5, offering about 981 million shares at the reference price of 33,000 VND each (Photo: HDBank) HCM City (VNA) – The Ho Chi Minh City Development Bank, or HDBank, debuted on the Ho Chi Minh Stock Exchange (HOSE) on January 5, offering about 981 million shares at the reference price of 33,000 VND (1.45 USD) each. Given a trading band of /-20 per cent, the share price of HDBank, coded HDB, is expected to move within a range of 26,400 VND and 39,600 VND on the first transaction day. The lender’s market capitalisation was estimated at approximately 32.4 trillion VND, or 1.43 billion USD, putting it within the top 20 stocks by market cap on the southern bourse. HDBank is the second bank to float shares on the HOSE since early 2017 after VPBank became the the eighth lender to list on the exchange so far. It held an initial public offering (IPO) for foreign investors in December 2017 that raised … [Read more...] about HDBank debuts in HOSE, gets into Top 20 heavyweights
Saigonres to debut on HOSE
Saigon Real Estate JSC (Saigonres) plans to debut on the HCM Stock Exchange at VND29,000 (US$1.29) per share, ending two years trading on the Unlisted Public Company Market (UPCoM). The debut date remains unknown. The HCM Stock Exchange on November 1 said Saigonres still lacked some required documents to fulfill its filing. Saigonres is trading nearly 39.6 million shares on UPCoM. The firm’s shares finished Friday at VND30,000 per share. The expected price level is calculated based on the 30-day average price of Saigonres shares on UPCoM between October 9 and November 29, which was VND28,942 per share. On July 18, Saigonres got shareholders’ approval on the company’s move from UPCoM to HOSE. In 2016, Saigonres posted an eight-fold increase in its net revenue to VND1.08 trillion ($48 million) and a 14-time rise in its post-tax profit to VND273 billion. On June 26, Saigonres issued nearly 19.8 million shares at the 1:1 ratio as dividend payout for current shareholders. … [Read more...] about Saigonres to debut on HOSE