This is the first time in the history of Vietnam's stock market that a name with more than 8 billion shares has appeared. Billionaire Pham Nhat Vuong's group of stocks is the pillar that keeps the stock market stable above the 1,330 point threshold.
The Vietnamese stock market (TTCK) recorded a trading session on March 12 with many notable points. That is the situation of "green skin, red heart" - the number of stocks decreased overwhelmingly but the VN-Index still increased points.
At the end of the session on March 12, the VN-Index increased by 1.87 points to 1,334.41 points despite 272 stocks decreasing and 189 stocks increasing. Liquidity was quite impressive at 22 trillion VND.
The reason why VN-Index increased while most stocks on the floor decreased was because VCB shares of the Joint Stock Commercial Bank for Foreign Trade of Vietnam - Vietcombank increased quite strongly in the trading session without the right to pay dividends in shares. In addition, the group of stocks of billionaire Pham Nhat Vuong also broke out.
At the end of the session, VCB shares decreased by VND30,100, from VND96,800/share to VND66,700/share, because Vietcombank set March 12 as the trading day without the right to issue an additional 2.77 billion shares to pay dividends, at a rate of 49.5%.
Specifically, Vietcombank issued 2.77 billion shares, raising the number of outstanding shares of this bank to nearly 8.36 billion units, equivalent to charter capital of VND83.6 trillion.
This is the first time in the history of Vietnam's stock market that a name has appeared with more than 8 billion shares. Ranked second on the floor is VPBank (VPB) with 7.93 billion shares, Techcombank (TCB) with 7.06 billion shares...
With the issuance of additional shares, Vietcombank's adjusted reference price is 64,700 VND.
Thus, closing the session at 66,700 VND/share, Vietcombank shares increased by nearly 3.1%.
With a new record high price, super stock VCB is the pillar for the stock market in the session of March 12.
Meanwhile, the group of "Vin family" stocks of billionaire Pham Nhat Vuong also increased sharply. Vingroup shares (VIC) increased by 800 VND/share, to 48,100 VND/share. Vinhomes shares (VHM) increased by 1,450 VND/share, to 46,950 VND/share. Vincom Retail (VRE) increased slightly by 100 VND, to 18,300 VND/share.
Vin stocks have increased sharply in recent consecutive sessions and are at their highest level in about a year as billionaire Pham Nhat Vuong’s businesses are implementing many large real estate projects in many localities nationwide. High real estate prices are also a positive supporting factor.
However, the pressure to take profits on a large scale when the VN-Index has been continuously increasing recently and surpassed the threshold of 1,300 points and the strong net selling of foreign investors has prevented the market from continuing its rapid increase. Regarding VCB, on March 12, foreign investors also sold more than 1.52 million shares, while buying more than 234 thousand units. In total, on the 3 floors, foreign investors net sold 730 billion VND in the morning session.
On the stock market, banks are still the group that attracts the attention of investors due to their high profits even in difficult years. Recently, Vietcombank has always been the bank with the highest profits in the system. In addition, some large corporations, including real estate, are also of interest.
In 2024, Vietcombank reported pre-tax profit of more than VND 42 trillion, after-tax profit of more than VND 33.8 trillion. Vietcombank's credit growth in 2024 was 13.7% to more than VND 1.44 trillion. Total bad debt was nearly VND 14 trillion, the bad debt/outstanding debt ratio decreased slightly from 0.99% at the beginning of the year to 0.96%.
In 2025, the State Bank expects credit growth in 2025 to be about 16%, and will move towards eliminating credit room.
Source: https://vietnamnet.vn/tai-san-ty-phu-pham-nhat-vuong-lai-but-pha-xuat-hien-sieu-co-phieu-ngan-hang-2379975.html
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