More than 1.4 billion shares of Vietnam Airlines will be listed on the Ho Chi Minh Stock Exchange on May 7 (Photo: VNA)Hanoi (VNA) – National flag carrier VietnamAirlines will officially list more than 1.4 billion shares (coded HVN) on theHo Chi Minh Stock Exchange (HoSE) on May 7, according to the company.
The carrier said the listing of HVN on the HoSE will be alandmark in its development, showing the firm’s determination to continuallyimprove its business performance and transparency, open up chances to accessfinancial investors, promote the stock’s liquidity and maximise shareholders’investment value.
The firm noted that its shares will be listed atthe starting price of 40,600 VND (1.76 USD) each with a fluctuation band of +/-20 percent.
Earlier, HVN was traded on the Unlisted PublicCompany Market (UPCoM).
In its last trading session on the UPCoM onApril 22, the stock’s price stood at 40,300 VND per share, rising 1.5-fold fromthe 28,000 VND on its first trading day (January 3, 2017).
Thanks to the increased number and value oflisted shares, the market capitalisation of Vietnam Airlines has surpassed 57trillion VND.
In 2018, Vietnam Airlines posted almost 100trillion VND in total revenue and over 3.31 trillion VND in pre-tax profit, up23.4 percent from its target.
In the first quarter of 2019, the respectivefigures were nearly 26 trillion VND and over 1.5 trillion VND, equivalent to 45percent of this year’s target.-VNA
VNA
