VietJet officially lists 300 million shares on HOSE
The VietJet Aviation Joint Stock Company listed more than 300 million shares on the Ho Chi Minh Stock Exchange (HOSE) on February 28, becoming the first airline to debut on the southern bourse.
HCMCity (VNA) – The VietJet Aviation Joint Stock Company listed morethan 300 million shares on the Ho Chi Minh Stock Exchange (HOSE) on February28, becoming the first airline to debut on the southern bourse.
With this listing, VietJet with the code VJCalso became one of the 30 biggest companies on HOSE.
HOSE Deputy General Director Tran Anh Dao saidVietJet has a charter capital of 3 trillion VND (131.79 million USD) and offeredits shares at a par value of 90,000 VND (3.95 USD) per share.
With a market capitalisation value of 27trillion VND (1.2 billion USD), VietJet accounts for some 1.5 percent of HOSE’stotal capitalisation value – about 1,630 trillion VND (71.6 billion USD) as ofFebruary 15, she noted.
Statistics show that Vietnam’s air transportmarket grew by 29 percent in 2016. VietJet raked in more than 27.53 trillionVND (1.2 billion USD) in revenue and 2.39 trillion VND (105 million USD) inprofit last year, when its earning per share was estimated at 8,762 VND.
Vice Chairman of the Ho Chi Minh City People’sCommittee Tran Vinh Tuyen said VietJet is the first private carrier of Vietnamand also one of the few airlines which began to gain profit in the second yearof operation. Its listing on HOSE is a notable event in the stock market,offering an attractive opportunity for domestic and foreign investors.
VietJet is a member of the International Air Transport Association (IATA) withthe IATA Operational Safety Audit (IOSA) certificate. The airline was alsonamed as one of the Top 500 Brands in Asia 2016 by global marketing researchcompany Nielsen and “Best Asian Low Cost Carrier” at the TTG Travel Awards2015, which compiles votes from travelers, travel agencies and tour operatorsin throughout Asia. The airline was also rated as one of the top three fastestgrowing airline brands on Facebook in the world by Socialbakers.
Currently,the airline boasts a fleet of 45 aircraft, including A320s and A321s, and operates350 flights each day. It has already opened 63 routes in Vietnam and across theregion to international destinations such as Thailand, Singapore, the Republicof Korea, Taiwan, Malaysia, China and Myanmar. It has carried nearly 35 millionpassengers to date.-VNA
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