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PVTrans Pacific gets nod to debut shares on HOSE

The Saigon Times

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HCMC – The HCMC Stock Exchange (HOSE) has issued a decision allowing Pacific Petroleum Transportation JSC (PVTrans Pacific) to trade its shares on bourse.

The firm will launch some 94.3 million PVP shares on HOSE at VND10,000 each, the local media reported.

PVTrans Pacific is trading its shares on the Unlisted Public Company Market (UPCoM).

Between January and September of 2022, the firm posted VND961 billion in revenue and VND207 billion in after-tax profit, up 7.8% and 34% year-on-year, respectively. As of September 30, 2022, the firm’s total assets had stood at VND2.6 trillion, up 13.4% against the start of the year.

At the close of the first trading session of 2023 today, January 3, PVP gained over 1.5%.

On the HCMC exchange, upbeat investor sentiment pushed the VN-Index up a staggering 36.81 points, or 3.66%, from the session earlier, at 1,043.9, with 352 winners and 74 losers.

Over 551 million shares worth VND9.2 trillion changed hands, up 35% in volume and 25% in value against the previous session.

Among bluechips, retailer VRE and real estate company PDR shot up to their upper limits, while many other tickers were also in positive territory.

Many bank stocks such as SHB, STB and VPB were among cash magnets, with a matching volume of 14-20 million shares each.

The Hanoi exchange became positive with 146 gainers and 42 decliners. The HNX-Index improved 7.26 points, or 3.53%, against the session earlier, at 212.56, driven by many large-cap stocks.

Securities firms SHS, MBS and APS, and construction firm CEO ended at their ceiling prices.

SHS took the lead by liquidity with 23.7 million shares changing hands.

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