The Ham Phu 2 Solar Power project in Binh Thuan province's Ham Thuan Bac district, is built by Gia Lai Electricity JSC (HoSE: GEG). (Photo: geccom.vn) Hanoi (VNS/VNA) - The number of new listing firms on the twolocal bourses has remained modest in the first nine months of the year.
As of the end ofSeptember, 10 companies debuted on the Ho Chi Minh Stock Exchange (HoSE). Mostof them moved from the Unlisted Public Company Market (UPCoM).
Nine companies debuted on the Hanoi Stock Exchange (HNX) in theJanuary-September period.
Some of the companies making their debuts in the first three quarter includedGia Lai Electricity JSC (HoSE: GEG), Dabaco Group (HoSE: DBC) and Kosy JSC(HoSE: KOS).
The number of companies having new to the two local exchanges in the pastnine-months was quite futile compared to the previous two years.
In 2018, total 33 companies started listing shares on HoSE and 22 firms came onthe HNX.
Other companies are also planning to move their shares to the two localexchanges.
Those companies includeInvestment and Industrial Development JSC (UPCoM: BCM), Hanoi Plastics JSC(UPCoM: NHH) and Kien Giang Construction Investment Consulting Group (OTC:CKG).
Listing on the two exchanges is among the best ways for companies to raisecapital, serving their business activities, and help increase the firm’screditability to investors.
According to Nguyen Nhu So, Chairman of Dabaco JSC, moving the company fromUPCoM to HoSE helps strengthen its status in comparison with other businessesin the consumer staples sector.
The company plans to increase its charter capital by selling private shares andissuing private convertible bond notes.
Some businesses arelikely to break the promise of bringing their businesses onto the stockexchanges made in this year’s annual shareholder meetings.
Le Mien Thuy, General Directorof Ricons Construction JSC, said the company plans to list shares on the stockexchanges in the last quarter of the year.
The underwriting firm expects construction companies will produce high profitreports in the October-December period and that would draw interest frominvestors, he said.
However, the listingwill very much depend on the market trading conditions, which have beenunfavourable for shareholders, the general director said.
The market tradingconditions have remained difficult for any firms to thinking about listingshares on the HoSE and HNX, business executives said.
As of September 30, thebenchmark VN-Index on HoSE struggled to gain a total of 12.6 percent.
Meanwhile, the HNX-Indexon HNX increased by only 1.2 percent in the same period.
Market trading liquidity remained modest on the two exchanges as investors havebeen worried about key international events such as the US-China trade war andabout the global economic recession.
They have been seekingalternative investments, which are safer and less risky than local stocks, suchas gold and government bonds./.
Nine companies debuted on the Hanoi Stock Exchange (HNX) in theJanuary-September period.
Some of the companies making their debuts in the first three quarter includedGia Lai Electricity JSC (HoSE: GEG), Dabaco Group (HoSE: DBC) and Kosy JSC(HoSE: KOS).
The number of companies having new to the two local exchanges in the pastnine-months was quite futile compared to the previous two years.
In 2018, total 33 companies started listing shares on HoSE and 22 firms came onthe HNX.
Other companies are also planning to move their shares to the two localexchanges.
Those companies includeInvestment and Industrial Development JSC (UPCoM: BCM), Hanoi Plastics JSC(UPCoM: NHH) and Kien Giang Construction Investment Consulting Group (OTC:CKG).
Listing on the two exchanges is among the best ways for companies to raisecapital, serving their business activities, and help increase the firm’screditability to investors.
According to Nguyen Nhu So, Chairman of Dabaco JSC, moving the company fromUPCoM to HoSE helps strengthen its status in comparison with other businessesin the consumer staples sector.
The company plans to increase its charter capital by selling private shares andissuing private convertible bond notes.
Some businesses arelikely to break the promise of bringing their businesses onto the stockexchanges made in this year’s annual shareholder meetings.
Le Mien Thuy, General Directorof Ricons Construction JSC, said the company plans to list shares on the stockexchanges in the last quarter of the year.
The underwriting firm expects construction companies will produce high profitreports in the October-December period and that would draw interest frominvestors, he said.
However, the listingwill very much depend on the market trading conditions, which have beenunfavourable for shareholders, the general director said.
The market tradingconditions have remained difficult for any firms to thinking about listingshares on the HoSE and HNX, business executives said.
As of September 30, thebenchmark VN-Index on HoSE struggled to gain a total of 12.6 percent.
Meanwhile, the HNX-Indexon HNX increased by only 1.2 percent in the same period.
Market trading liquidity remained modest on the two exchanges as investors havebeen worried about key international events such as the US-China trade war andabout the global economic recession.
They have been seekingalternative investments, which are safer and less risky than local stocks, suchas gold and government bonds./.
VNA
