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New shares debut on Ha Noi bourse
The Ha Noi Stock Exchange on on September 09 welcomed new listings by Nam Viet Bank (NVB), IDJ International Financial Investment and Enterprise Development Company (IDJ) and Asia Pacific Investment Company (API).
Nam Viet Bank (NVB), which became the third bank listed on the northern bourse, issued 100 million shares, representing its entire charter capital of VND1 trillion ($51.3 million). NVB closed up 8 per cent from its opening price to VND11,900 per share (US$0.61), with 69,700 changing hands. This year, NVB targets earnings of VND2.67 trillion ($136.9 million) and a net profit of at least VND350 billion ($18 million). It has also set a goal of total assets reaching VND27 trillion ($1.4 billion) by year's end and outstanding loans of VND17 trillion ($871.8 million).
The bank also plans to increase its charter capital to VND3 trillion ($153.8 million).
IDJ, which operates in the fields of infrastructure and real estate development, was founded in 2007 with domestic individuals contributing about 90 per cent of its charter capital.
This year, it targets earnings of VND550 billion ($28.2 million) and a net profit of VND75 billion ($3.8 million). It has also set plans in place to increase its charter capital to VND400 billion ($20.5 million)
IDJ shares closed down 12.5 per cent on their opening day to VND17,500 ($0.90) per share, with nearly 1.1 million traded.
Real estate developer API, established in 2007 with a charter capital of VND264 billion ($8.4 million), has been listed on the unlisted public companies market (UPCoM) since October of last year.
It moved its listing to the primary exchange, and saw its shares plunge by 10 per cent from their opening price to a close of VND15,500 ($0.79) per share. API shares generated a volume of 273,500 on their opening day.
API has targeted earnings of VND200 billion ($10.3 million) this year and a profit of VND50 billion ($2.6 million).
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