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Sunday, June 23, 2024

VietBank to leave UPCoM for HOSE

The Saigon Times

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HCMC – Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) has announced it would stop trading its stock VBB on the Unlisted Public Company Market, or UPCoM, to move to the Hochiminh Stock Exchange for more favorable market conditions.

The above information was released at the lender’s annual general shareholder meeting held yesterday, April 26.

According to its statement, listing on the southern bourse will enable the bank to strengthen its transparency and competitiveness, paving the way for VietBank to realize its strategic goals in 2023-2025.

Besides, it plans to raise its charter capital by VND1 trillion to VND5.78 trillion by issuing new shares to existing shareholders.

This year, the lender looks to increase its total assets to VND125 trillion. The pre-tax profit target for 2023 is VND960 billion, up 46% compared to 2022, while the non-performing loan ratio is to be controlled below 3%.

VBB closed the trading session today, April 27, 1.87% lower than the previous session, at VND10,500 per share, and reported a matching volume of 37,438 shares.

Regarding stock news today, the VN-Index of the Hochiminh Stock Exchange slid 1.17 points, or 0.11%, at 1,039.63 points, with 206 advancers and 175 decliners.

Trade on the southern bourse totaled nearly VND8.7 trillion with 511.7 million shares changing hands, down 24% in value and 11% in volume over the session earlier, including 45.2 million shares valued at around VND1.1 trillion traded in block deals.

Real estate stocks DIG took the lead by liquidity today with a matching volume of around 32.6 million shares, followed by DXG and NVL with 30.2 million and 23.4 million shares, respectively.

On the Hanoi Stock Exchange, the HNX-Index added 0.01 points, or a fractional 0.01%, to 205.86 points, with 82 winners and 79 losers.

The total matched trading volume reached 66.7 million units, with a value of VND946.9 billion.

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