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Wednesday, October 5, 2022

Saigon VRG to debut 93 million shares on HOSE

The Saigon Times

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HCMC – Saigon VRG Investment Corporation has registered to start listing 92.9 million shares on the Hochiminh Stock Exchange (HOSE).

The firm is trading its shares under the code SIP on the Unlisted Public Company Market (UPCoM).

The enterprise, headquartered in HCMC’s outlying district of Cu Chi, is active in the investment, construction and infrastructure fields.

As of December 2021, the firm had four major shareholders, including An Loc Urban Development and Investment JSC; Tran Manh Hung, chairman of the former; Lu Thanh Nha, general director of SIP; and Nam Tan Uyen Joint Stock Corporation.

In the first half of the year, Saigon VRG posted over VND3 trillion in revenue, up 3% year-on-year, and VND501 billion in after-tax profit, down 9%.

In 2022, the firm looks to book VND5.2 trillion in revenue and VND835 billion in before-tax profit, down 6.8% and 24.8% against the 2021 targets, respectively.

Closing the trading session today, August 15, SIP lost 0.52% to VND134,000, extending its falling streak for the third straight session.

With 278 gainers and 164 losers, the VN-Index of the HCMC bourse improved 11.87 points, or 0.94%, from the session earlier, at 1,274.2, buoyed by bluechips.

Over 634 million shares worth VND15.5 trillion changed hands, up 17% in volume and 18.8% in value against the previous session.

The group of bank stocks was the major driver of the main index, with lender SHB ending the day at its daily upper limit and reporting a matching volume of 46.3 million shares.

The HNX-Index of the Hanoi Stock Exchange inched up 0.55 points, or 0.18%, from the session earlier, at 303.97.

Securities firm SHS edged up 0.7% at the close and took the lead by liquidity on the northern bourse with 16.9 million shares.

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