Vietnam Stock Market To See New Goods in 2010
Vietnam stock market is forecast to see a sharply increase in stock supplies this year as many companies are queuing to float their shares.
Up to ten 10 small and medium banks will list their shares on local bourse this year, including Western Bank, Navibank, Orient bank, DaiA Bank, LienViet Bank, Maritime Bank and EastAsia Bank with a combined shares of between 2 billion and 3 billion.
Besides banks, many other companies from different sectors are waiting to be listed on the official bourses this year, analysts with the financial website stox.vn said.
The Hanoi Stock Exchange said that 36 other companies are queuing to float their shares on the bourse, of which some have huge registered capital.
While the Hochiminh Stock Exchange said that from the beginning of this year, it has approved in principle for 10 companies to list on the bourse.
Sacombank Securities says the biggest risk for the stock market now is the signs of unusual sharp increase in stock supplies.
Meanwhile some experts said that the situation is going to be the same as in 2007. At that time, the market could not absorb new supply as companies diluted their shares causing continuous falling in stock prices.
However, securities expert Dinh The Hien said that market will be more attractive with more listed companies and investors will have more options to invest.
The answer for avoiding over-supply is timing, companies should not choose the hot time when the market is up or many companies list at the same time, said a leader of a securities companies. (stox.vn)
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