Chủ đề: Sabeco stock sets new record
-
06-09-2017, 12:20 PM #1Guest
After the Ministry of Industry and Trade (MoIT) released information about the volume of the state-owned stake to be divested in Saigon Beer, Alcohol and Beverage Corporation (Sabeco), the value of Sabeco shares flew to a new record of VND263,000 ($11.56) on the September 5 trading session.
With the price of VND263,000 ($11.56) apiece, the capitalisation volume of Sabeco stands at $7.5 billion. According to newswire *****, the reason for the soaring share price may be Ho Chi Minh Securities Corporation's latest announcement that the state will divest 53.59 per cent of Sabeco. The divestment may be implemented through auction.
However, there is no specific information on the divestment schedule. Earlier in mid-July, at MoIT’s monthly press conference, Bui Truong Thang, deputy director of MoIT’s Light Industry Department, said that after receiving approval from Prime Minister Nguyen Xuan Phuc for the plan to sell stakes in Sabeco and Habeco, MoIT would speed up the divestment process to carry it out within 2017.
It is not the first time that Sabeco’s shares set a record value. Previously, on the first transaction day on December 6, 2016, Sabeco’s shares increased by the ceiling set by the Ho Chi Minh City Stock Exchange (HoSE). Notably, from a reference price of VND110,000 ($4.9), the SAB ticker opened the day already at VND132,000 ($5.84), a 20 per cent increase from the get-go.
After eight transaction sessions, Sabeco’s shares increased to VND211,500 ($9.40), up 92.3 per cent from the launch.
Divesting the state ownership in Sabeco is a hot topic for investors, especially foreigners. To date, several foreign breweries have admitted to eyeing Sabeco since it was earmarked for equitisation, such as San Miguel, Heineken, SABMiller, Thai Beverage Public Company Limited (Thai Beverage), Japanese Asahi Group Holdings Ltd., and Kirin Holdings Co.
Sabeco is the largest brewer in Vietnam. The firm currently owns 24 manufacturing plants with a total designed capacity of 1.8 billion litres per year, 20 of which are in operation, while the remaining four are expected to come into operation in the near future.View more random threads:
- Rice paper maker sued for copyright violation
- Masan Consumer to acquire 50.11 percent VCF stake
- Sacombank Securities forms Singapore link
- BIC: BIC to issue 69,300,000 shares for the dividend payment
- BBC reports better results in 2015
- AGR: Trading result of inside shareholder
- BIDV increases charter capital to $1.44b after MHB merger
- MPC: Export turnover in the first 11 months of 2012
- CSM: Announcement of additional listing and trading
- SSC considering adjusting daily trading bands
Các Chủ đề tương tự
-
Sabeco applies for listing on HCM City stock exchange
Bởi trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 10-11-2016, 10:00 AM -
PHT: The record date for dividend payment in stock
Bởi imported_mpf.vtu.vn trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 24-09-2012, 11:42 AM -
CII: The record date for bonus stock issuance
Bởi imported_conmuatan22 trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 20-08-2012, 02:35 AM -
Stock market sets new record high
Bởi imported_qwerty trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 31-08-2009, 08:46 AM -
Stock market dives further on record low liquidity
Bởi coikho10 trong diễn đàn STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 14-05-2008, 06:36 AM
Thông qua phân tách dữ liệu Google từ 86 nhà nước, mới đây, một công ty tại Anh đã ban bố bảng xếp hạng kích tấc "cậu nhỏ" của các nước trên thế giới. Kết quả, hầu hết các nước xếp ở nhóm đầu của...
"Chim" của bạn trai Việt thuộc...