he Saigon Securities Incorporated (SSI) has released its first report about the stock market, which names 20 listing companies which have the biggest market capitalization value.
According to SSI, the named 20 companies now account for 80% of the total market capitalization volume on Hanoi and HCM City Securities Trading Centres. These include:
1. Corporation for Financing and Promoting Technologies (FPT)
2. Vietnam Dairy Products Joint Stock Company (VNM)
3. Saigon Thuong Tin Bank (STB)
4. Asia Commercial Bank (ACB)
5. Pha Lai Thermopower Joint Stock Company (PPC)
6. Petro Drilling Company (PVD)
7. Saigon Securities Incorporated (SSI)
8. Refrigeration Electrical Engineering Co. (REE)
9. Vinh Son – Song Hinh Hydropower Joint Stock Company (VHS)
10. The Cable and Telecommunications Materials Co (Sacom)
11. Bao Minh Insurance Joint Stock Company (BMI)
12. Tan Tao Industrial Zone Development Company (ITA)
13. Song Da Industrial Zone and Urban Development and Investment Company (SIS)
14. General Forwarding and Agency Co., Ltd. (GMD)
15. Kinh Do Joint Stock Company (KDC)
16. Bao Viet Securities Joint Stock Company (BVS)
17. But Son Cement Joint Stock Company (BTS)
18. Thu Duc Housing Development Company (TDH)
19. Vietnam Petroleum Transport Joint Stock Co (VIPCO)
20. Binh Minh Plastics Joint Stock Company (BMP)
The report said that the prospect of the 20 companies proves to be very bright as they have the turnover growth rate of 58.32%, higher than the average growth rate of top 50 S&P 500’s companies in the last three years. However, the companies do not have the big capitalization value in accordance with international standards.
On the experts’ worries about the overly high prices of the 20 companies’ share items, even higher than the actual value, SSI said that the worries prove to be reasonable if considering the P/E (price on equity). The average P/E index of 20 companies on March 12, the day when the VN Index hit the highest level, was 54.98 (the index of 40 and higher are considered high).
Having the low starting level, while striving for a fast development, these companies need big sums of capital for expanding production.
If considering the turnover, profit and growth rate of the 20 companies, one may see many factors that attract investors. Even when the VN Index fell down to the 900-point threshold, the 20 share items still led the market.
Vu Ngoc Thang, an investor on ACBS trading floor in HCM City said that investors always check the information about the trading volume of FPT, SSI, REE, ACB, and SJS to predict the market performance.
However, among the 20 share items, there were the ones the prices of which could not exceed the VND70,000/share threshold, like PPC and VHS (both were priced at VND69,000 on June 6), and BTS (VND43,900).
In fact, many share items, though were not listed on the top 20, but have the biggest trading volume and high prices, including S99, NTP, SGH, HRC, DRC,EBS and HPC.
Bui Ngoc Tuoc, a securities expert also said that S99, DRC, HRC and ECS have good indexes, and even better than the items listed on the top 20. He also said that the number of blue chips is actually more than 20 if considering the trading volume of share items.
SSI’s report just reflects the viewpoint of SSI only. However, Vu Thu Huong, an investor on SSI’s trading floor and many other investors said that she would refer to the report before making investment decisions.
Source: VNE
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment