Vinhomes makes historic stock market debutVinhomes, the real estate arm of Vingroup JSC, listed 2.68 billion shares on the Ho Chi Minh City Stock Exchange on May 16 under the ticker VHM. Vinhomes is now the second largest listed company in the stock market, only behind its parent firm VingroupVinhomes JSC is now the largest real estate developer in the Vietnamese stock market with a gigantic market capitalisation of $13.5 billion. Upon Vinhomes’ listing, the Ho Chi Minh City Stock Exchange (HOSE) saw its total market capitalisation go up by 10 per cent. Vinhomes currently enjoys a 15 per cent market share in the Vietnamese residential apartment sector and 48 per cent in the premium segment. “Companies with strong fundamentals like Vinhomes or Techcombank are likely to lure in capital for the stock market.

Source: VietNamNet News May 17, 2018 03:56 UTC