Recent initial public offerings (IPOs) of State-owned enterprises (SOEs) have attracted more attention from investors than previously.
The latest IPO was from seafood processor Seaprodex, which sold over 45 million shares with an average price of 10,100 VND (0.47 USD) on December 12. This volume accounted for 75 percent of the total offering, which was purchased by 55 investors.
The State now holds 63 percent after the IPO.
On December 11, Ca Mau Fertiliser had a successful initial offering, selling all of its shares to nearly 1,200 investors and earning 1.58 trillion VND (74.2 million USD).
A day earlier, Union of Survey Companies Ltd also sold 100 per cent of its IPO to 24 individual investors.
Other recently concluded IPOs included Ben Thanh Tourist and Sai Gon Ground Services.
However, the buyers of the IPOs were mainly domestic investors.
Nguyen Tuan Hai, CEO of private equity firm Alphanam, told Dautuchungkhoan (Securities Investment) that the asset portfolios of these SOEs made them appealing to investors, especially since they possess land use licences in major cities.
In particular, Ben Thanh Tourist owns two major hotels in the busy and crowded HCM City.
Can Gio Tourist, with 11.5 million shares sold by Saigontourist on December 10, has one of Vietnam's largest polder projects – the Sai GonSunbay beach tourism complex.
Meanwhile, there have been a few companies operating in the ground service sector. Therefore, investing in businesses such as Sai Gon Ground Services will generate both short – and long-term profits.
In the first six months of this year, the company's revenue and profit reached 237 billion VND (11.12 million USD) and 43 billion VND (2 million USD), respectively.
Nearly 400 more SOEs are scheduled to be equitised by the end of next year, which is expected to create many more investment opportunities.-VNA
The latest IPO was from seafood processor Seaprodex, which sold over 45 million shares with an average price of 10,100 VND (0.47 USD) on December 12. This volume accounted for 75 percent of the total offering, which was purchased by 55 investors.
The State now holds 63 percent after the IPO.
On December 11, Ca Mau Fertiliser had a successful initial offering, selling all of its shares to nearly 1,200 investors and earning 1.58 trillion VND (74.2 million USD).
A day earlier, Union of Survey Companies Ltd also sold 100 per cent of its IPO to 24 individual investors.
Other recently concluded IPOs included Ben Thanh Tourist and Sai Gon Ground Services.
However, the buyers of the IPOs were mainly domestic investors.
Nguyen Tuan Hai, CEO of private equity firm Alphanam, told Dautuchungkhoan (Securities Investment) that the asset portfolios of these SOEs made them appealing to investors, especially since they possess land use licences in major cities.
In particular, Ben Thanh Tourist owns two major hotels in the busy and crowded HCM City.
Can Gio Tourist, with 11.5 million shares sold by Saigontourist on December 10, has one of Vietnam's largest polder projects – the Sai GonSunbay beach tourism complex.
Meanwhile, there have been a few companies operating in the ground service sector. Therefore, investing in businesses such as Sai Gon Ground Services will generate both short – and long-term profits.
In the first six months of this year, the company's revenue and profit reached 237 billion VND (11.12 million USD) and 43 billion VND (2 million USD), respectively.
Nearly 400 more SOEs are scheduled to be equitised by the end of next year, which is expected to create many more investment opportunities.-VNA
