Moving cash isa to stocks and shares

After six consecutive days of losses on the Ho Chi Minh Stock Exchange (HoSE), where it is listed, VNS is down 25 percent in December and nearly 40 percent for the year. It had remained above VND30,000 ($1.30) for nearly four years until 2017, but began to face competition from ride-hailing firms, dubbed "technology taxis" in Vietnam, such as Singapore’s Grab. The liquidity of what used to be a highly illiquid stock has soared, with foreign investors dumping it. Nearly half a million shares changed hands on Thursday as compared to an average this year of less than 1,000. Dang Tran Phuc, financial advisor at VNDIRECT Securities JSC, said: "VNS is trading at a price-earnings ratio (P/E) that is relatively low compared to its historical P/E, and has cash reserves of nearly VND300 billion ($13 million) compared to its market capitalization of VND700 billion ($30.33 million). These two factors are considered attractive to investors looking to increase their ownership in the … [Read more...] about Vinasun’s share plummets to lowest level in a decade

After six consecutive days of losses on the Ho Chi Minh Stock Exchange (HoSE), where it is listed, VNS is down 25 percent in December and nearly 40 percent for the year. It had remained above VND30,000 ($1.30) for nearly four years until 2017, but began to face competition from ride-hailing firms, dubbed "technology taxis" in Vietnam, such as Singapore’s Grab. The liquidity of what used to be a highly illiquid stock has soared, with foreign investors dumping it. Nearly half a million shares changed hands on Thursday as compared to an average this year of less than 1,000. Dang Tran Phuc, financial advisor at VNDIRECT Securities JSC, said: "VNS is trading at a price-earnings ratio (P/E) that is relatively low compared to its historical P/E, and has cash reserves of nearly VND300 billion ($13 million) compared to its market capitalization of VND700 billion ($30.33 million). These two factors are considered attractive to investors looking to increase their ownership in the … [Read more...] about Vinasun’s shares plummet to lowest level in a decade

A workers helps move steel products at Hoa Phat Steel Pipe company in Da Nang. Hoa Phat Group (HPG) lost 1.65 per cent on Friday. — Photo the courtesy of Hoa Phat Group The VN-Index failed to maintain its rally on Friday as selling pressure hit many large-caps during the last trading session of the week. The VN-Index on the Ho Chi Minh Stock Exchange (HOSE) lost 0.21 per cent to end Friday at 966.18 points. Nearly 219.2 million shares worth almost VND4.2 trillion (US$181.3 million) were traded on the southern market. The benchmark index had risen 0.66 per cent to end Thursday at 968.17 points. Market breadth was negative with 174 shares dropping and 146 rising. The large-cap VN30-Index lost by 0.48 per cent to stand at 880.55 points. In the morning, VN-Index gained positively thanks to the support from banking stocks such as Bank for Investment and Development of Viet Nam (BID), Vietcombank (VCB) and Vietinbank (CTG). However, the index could not maintain the upward trend at the … [Read more...] about Shares end the week on negative note

174 stocks lost and 146 gained on the Ho Chi Minh Stock Exchange, Vietnam’s main bourse on which the VN-Index is based. The HoSE accounts for nearly 90 percent of market capitalization of all Vietnam’s listed companies. The VN30 for Vietnam’s 30 biggest market cap stock also shed 0.48 percent, with 16 losing and 8 gaining. VRE of retail corporation Vincom Retail and VHM of real estate developer Vinhomes, both subsidiaries of Vietnam’s biggest private conglomerate Vingroup, led losses with 3.5 percent and 2.3 percent respectively, while VIC shares of parent company Vingroup remained at the opening price. They were followed by NVL of real estate developer Novaland, down 1.8 percent, HPG of steelmaker Hoa Phat group, down 1.7 percent, and CTD of construction giant Coteccons, down 1.6 percent. Most private banking stocks on the VN30 either fell or remained at their opening price this session, but stocks of Vietnam’s three biggest state-owned lenders by assets, … [Read more...] about VN-Index slips 2 points as Asia stocks surge

After BSR's recent record-breaking IPO, the market expects big competition for the shares The first transaction day will be on March 1, with the reference price of VND22,400 ($0.98), according to information published by the Hanoi Stock Exchange. Previously, BSR reported a successful initial public offering (IPO) with a complete take-up of the offered shares and the record selling unit price of VND14.8 million ($651.69). On January 17, BSR conducted its IPO to sell 242 million shares, equalling 7.79 per cent of its charter capital at the initial price of VND14,600 ($0.64) apiece. As a result, 623 investors among the 4,079 registered investors won the auction, including 62 organisations and 561 individuals. 147.83 million shares, equalling 61.2 per cent of the offered share volume, were bought by foreign investors. The average selling price was VND23,043 ($1.01), 57.8 per cent higher than the initial price. The lowest selling price was VND20,800 ($0.92). Of particular note, an … [Read more...] about BSR to list 241.4 million shares on UpCOM