In the seasons of the Annual general Meeting (AGM) in 2020, in addition to the business plan during the difficult year under the impact of the Covid-19, listing shares on the stock market or changing the stock exchange is also a content which draws attention of many investors. The highlight of the content is the “massive landing” of investors to HCM City Stock Exchange (HSX).
According to the document to shareholders at the AGM held on June 16th of Asia Commercial Joint Stock Bank (ACB), the bank proposed shareholders to change the listing from Hanoi Stock Exchange (HNX) to HSX.
“The change of listing registration may bring some benefits such as ACB shares are likely to be included in the basket of HSX indexes with a significant proportion such as VN30 (four percent proportion), VN Diamond (10%), VNFINSelect (12%), VNFIN Lead (12%), etc., thereby increasing the market value of ACB stocks,” ACB’s document clearly stated. The bank’s Board of directors (BOD) is authorised to makde decision on the transfer time.
At the AGM on June 30th, Vietnam International Commercial Joint Stock Bank (VIB) will also submit shareholders about listing shares on the HSX in 2020, after more than three years of trading on the Unlisted Public Company Market (UPCoM). The bank said that this is a very positive information for investors when VIB shares have been assessed as an attractive stock but many organisations and large funds have not included it in their portfolio because it is still listed on the UPCoM. VIB’s current stock price is approximately 17,000 dong per share.
Saigon Hanoi Commercial Joint Stock Bank (SHB) also received approval of shareholders about changing the stock exchange. At the AGM held in June 15th, shareholders of the bank agreed to switch the share listing from HNX to HSX and authorised the BOD to select the specific time. In 2020, SHB is also one of the bank stocks that has seen strong fluctuations. It’s market price has increased by threefold since the beginning until now. In addition, the closing price of 15,800 dong per share on June 15th is also the highest level even of SHB shares.
Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank, LPB) is also planning to move from the UPCoM to HSX. According to the report of the bank’s BOD to shareholders, LPB will complete the registration to change the stock trading from the UPCoM to HSX in order to increase the liquidity of the shares, optimise benefits for shareholders when the VN Index is highly representative for the stock market and is often used by investment funds as a reference to measure investment efficiency.
In addition to the plan to change listing floors, one of the common points of the above banks is that they also have plans to increase capital and pay dividends or bonus shares to shareholders at a fairly good ratio. ACB intends to pay dividends in shares at 30%, SHB plans to pay dividends at 10%, LienVietPostBank also pays dividends at 10%and offer shares to foreign shareholders while VIB plans to pay bonus shares to shareholders at up to 20%.
