Vincom Retail poised to join ETF portfolios

Vincom Retail could be added into the investment portfolios of the two major foreign-run exchange traded funds (ETFs) on the Vietnamese securities market: FTSE Vietnam ETF and VNM Vietnam ETF.

Wednesday, February 28, 2018 20:21

Vincom Retail poised to join ETF portfolios ảnh 1

Vincom Retail could be added into the investment portfolios of the two major foreign-run exchange traded funds (ETFs) on the Vietnamese securities market: FTSE Vietnam ETF and VNM Vietnam ETF (Photo: cafef.vn)

Hanoi (VNA) - Vincom Retail could be added into the investment portfolios of the twomajor foreign-run exchange traded funds (ETFs) on the Vietnamese securitiesmarket: FTSE Vietnam ETF and VNM Vietnam ETF.

BIDV Securities Corporation (BSC) said in areport that FTSE Vietnam ETF would buy 13.5 million shares of Vincom Retail,equal to 8.9 percent of the fund’s investment portfolio.

Saigon Securities Incorporation (SSI) forecastthe London-based investment fund would buy nine million shares of Vincom Retailto take 6 percent of the fund’s portfolio.

The potential inclusion of Vincom Retail shares,the retail arm of the Vietnamese property and retail conglomerate Vingroup, inthe two ETFs’ investment portfolios is a part of their portfolio reviews thatwill be finalised in early March.

The two Vietnamese brokerages made their forecast based on trading datarecorded on February 23.

Vincom Retail could be bought by the two major ETFs as the company shares hadqualified for the requirements of the two funds such as market capitalisation,trading liquidity and free-floating share ratio and the company had beentrading on the stock market for more than three months.

Vincom Retail started trading more than 1.9billion shares on the HCM Stock Exchange (HoSE) on November 6, 2017, coded VRE.

VRE closed February 26 at 55,000 VND (2.44 USD) per share, having climbed 20.6percent since February 9.

At February 26’s closing price level, VincomRetail’s market capitalisation was 104.5 trillion VND (4.64 billion USD) withan average of nearly 3.68 million shares traded in each of the last 10sessions.-VNA

VNA

#Vincom Retail #ETF portfolios #exchange traded funds #Vietnamese securities market #investment portfolios #vietnamplus #Vietnam News updated #Vietnam News Agency

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