boiman
05-11-2008, 05:53 PM
The Hanoi and HCM City bourses are expected to welcome
nearly 50 new companies through early 2009, including big names. This
is expected to create a new driving force for the market.
The 50 companies include big names like Hoang Anh Gia Lai, Hoa Sen Group, and Ha Tien II.
Tran Anh Dao, Director of the Listing Management and
Inspection Division under the HCM City Stock Exchange, said that the
stock exchange is considering 20 more applications for listing.
Phan Anh Tuan, Head of the Analysis and Investment
Division of Vincom Securities Company, said that the listing of the 50
companies should be seen as a good thing as the stock market will have
a bigger scale, while investors will have more share items to choose
from.
Truong Duy Khiem, Director of Le Ngo Cat branch of ACB
Securities Company, said that companies will be able to improve the
liquidity of their shares when they list on the official bourse, as the
OTC market has been freezing. However, Khiem said that the impacts of
listing on the VN Index will still depend on the debut prices of shares.
KHiem has advised companies not to set overly high
prices for their debuts. Mirae debuted at the HCM City bourse at the
price of VND48,000/share, but the price has continuously decreased in
the last 36 trading sessions to VND16,100/share.
Phan Anh Tuan from Vincom said that if the prices are
overly high, investors will push up selling, resulting in sharp price
falls.
nearly 50 new companies through early 2009, including big names. This
is expected to create a new driving force for the market.
The 50 companies include big names like Hoang Anh Gia Lai, Hoa Sen Group, and Ha Tien II.
Tran Anh Dao, Director of the Listing Management and
Inspection Division under the HCM City Stock Exchange, said that the
stock exchange is considering 20 more applications for listing.
Phan Anh Tuan, Head of the Analysis and Investment
Division of Vincom Securities Company, said that the listing of the 50
companies should be seen as a good thing as the stock market will have
a bigger scale, while investors will have more share items to choose
from.
Truong Duy Khiem, Director of Le Ngo Cat branch of ACB
Securities Company, said that companies will be able to improve the
liquidity of their shares when they list on the official bourse, as the
OTC market has been freezing. However, Khiem said that the impacts of
listing on the VN Index will still depend on the debut prices of shares.
KHiem has advised companies not to set overly high
prices for their debuts. Mirae debuted at the HCM City bourse at the
price of VND48,000/share, but the price has continuously decreased in
the last 36 trading sessions to VND16,100/share.
Phan Anh Tuan from Vincom said that if the prices are
overly high, investors will push up selling, resulting in sharp price
falls.