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Maritime Bank (MSB) allowed for margin trading
The Ho Chi Minh Stock Exchange issued a notice on allowing shares of the Vietnam Maritime Commercial Joint Stock Bank (HSX: MSB) for margin trading from Thursday.
MSB shares have been listed on the HoSE (HoSE) since December 23 last year with the closing price of the first trading session of VND17,000 (US$0.74) per share, an increase of more than 13 per cent compared to the reference price of VND15,000 per share.
Currently, MSB is traded at about VND28,400 per share, an increase of 51 per cent compared to the beginning of 2021.
MSB is eligible for margin trading because it meets the conditions of listing for six months on the HSX and other criteria, such as achieving profitable business results in 2020 and in the first quarter of 2021.
The consolidated financial statements of MSB are fully reviewed, audited and accepted by the auditing company KPMG. MSB has also made full disclosure of the audited financial statements for 2020 and for the first quarter of 2021.
The bank’s shares are not subject to warning, control, special control, trading suspension or delisting according to regulations on securities listing.
Previously, MSB stocks entered the VN Diamond basket in the restructuring period at the end of April because they met the criteria in terms of market capitalisation, daily transaction value and rate of foreign ownership.
MSB is considered one of the stocks with the most attractive price in the segment of mid-range banking stocks with a share's price/earnings (P/E) and price-to-book (P/B) ratio lower than the industry average.
bizhub
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