Investor money real estate

Around $200 billion is now in tumult after a succession of days of network congestion and the news about the required increase in minimum trading lot from 100 to 1,000 shares on the HCM City stock market. Nguyen Giang, owner of The Way Coffee, completed the procedure to open an account at SSI Hanoi Branch after hearing that the HCM CIty Stock Exchange (HOSE) was planning to increase the required minimum trading lot from 100 shares to 1,000 shares. The reason behind the plan, as explained by Le Hai Tra, HOSE’s CEO, was to ease the overload. However, this was not good news for many investors, including Giang. Because of Covid-19, he no longer can work as an outbound tour guide, which he did for 10 years. In 2020, he opened a street coffee shop. However, the third Covid-19 outbreak once again affected his business. Giang then decided to make financial investments as he has confidence in the bright prospects of the stock market. However, the calculations of the investor may fail because of HOSE’s tentative policy. If the tentative policy takes effect, Giang will have to spend VND100 million at least for every purchase transaction of VIC (Vingroup), VJC (Vietjet), VCB (Vietcombank) and VNM (Vinamilk). If buying SAB (Sabeco), he would have to spend VND180 million at least, and ifor VCF (Vinacafe Bien Hoa), he would have to spend VND240 million. These are very large amounts of money compared with Giang’s investment plan. However, Tra said the policy, once applied, would bring benefits. It would not only help ease congestion thanks to the reduction of 40-50 percent in number of transactions, but would also better protect small investors. Nguyen Duy Hung, president of SSI, also commented that this is the best choice for now to maintain the system’s operation. However, many experts and securities companies don’t share the same view. They have warned that the policy isn't in line with stock market development and discriminates against small and …

[Read more...] about New regulation on minimum trading lot at HOSE aims to keep small investors away

Vietnam reports most impressive growth in financial services regionally, particularly in the banking sector Global equity investment shed 13.1 per cent in the total number of transactions and plunged 33.8 per cent in total transaction value in the first half last year, compared to the corresponding period in 2019. Within the ASEAN-5 and Vietnam, equity transactions were slowing down last year compared to a robust 2019. The number of transactions dropped from 230 cases in the second half of 2019 to 200 cases in the first six months of 2020, meanwhile, the transaction value was curtailed by more than half, from $9.15 billion to just $4.3 billion. Amid chaos and uncertainties due to the coronavirus pandemic, Vietnam’s equity investment market has set a record with 59 transactions valued at $1.14 billion, a slight increase compared to 2019. Technology has maintained its growth momentum setting a five-year record in the number of transactions. Investments have channelled into fresh tech startups which provide breakthrough solutions in retail and services, such as booking and placement of online healthcare consultation, e-commerce, and provision of recruitment and human resource platforms, among others. The scale of transactions was, however, modest as most of the ventures targeted Vietnam’s fledging tech startups. A series of sectors have been showing bright investment prospects in the beginning of 2021, including logistics, education, healthcare, technology, and renewable energies. Companies in retail and services related to breakthrough solutions were also high on the investors’ radar. For instance, the leading US equity fund Warburg Pincus poured $100 million into MoMo’s e-wallet which had 20 million users in 2019, and $130 million came from Singapore-headquartered private equity firm Northstar Group directly into Tiki’s pockets – one of Vietnam’s three leading e-commerce platforms in 2020. Vingroup, Vietnam’s top private conglomerate, …

[Read more...] about Equity investment in Vietnam reaches new peak

FLC of billionaire Trinh Van Quyet has seen the share price soar amid the HCM City Stock Exchange’s (HOSE) notice about the businessman’s plan to buy 15 million shares. Billionaire Trinh Van Quyet The stock exchange released a notice about the transaction of internal shareholders of FLG Group, under which Quyet, FLC president, has successfully bought 15 million FLC shares as registered. The transaction was carried out under the mode of order matching on February 4-March 3. As such, Quyet bought shares at the price of VND6,500 per share. At the March 3 trading session, FLC share saw the price increase by another 7 percent to VND6,520 per share. FLC share price hit the ceiling level while investors have been stirred up by the news about the policy on expanding trading lots to 1,000 units instead of 100 units, mentioned by HOSE’s head, Le Hai Tra, as a solution to the order congestion recently. Some analysts said with the policy, small investors with small capital won’t be able to make transactions in the stock market, especially for shares with high market value of VND100,000-200,000 per share. If so, each purchase/sale order will have the value of VND100 million or VND200 million. Some investors believe that cash flow will head for low-value shares with market prices below the nominal value of VND10,000 per share. These are shares traded easily because of the low total value for each transaction. In 2020, a lot of shares saw the prices increase by 3 times, or even 10 times, despite the Covid-19 pandemic. The share price increases helped ‘big bosses’ prosper. The shares of the enterprises owned by Quyet also increased sharply in prices. Some of the shares increased by several times, but these did not include FLC. After witnessing the sharp price increases of ROS and GAB, investors are expected to see the strong rise of FHH, also the share being held by Quyet. This is the share of FLCHomes, a real estate developer. The company has said …

[Read more...] about Billionaire concludes major deal