— Photo zing.vnMai HươngHÀ NỘI – Airline stocks may ride a rising wave this year with the debut of budget airline Vietjet on the HCM Stock Exchange later this month, in a scenario similar to the impact of Sabeco’s 2016 listing on of beer stocks in general. Vietjet’s listing is expected to provide fresh impetus to airline stocks as well as the stock market as a whole. These include national flag carrier Vietnam Airlines and Airports Corporation of VietNam (ACV). “The majority of the market shares are in the grip of a few major airlines. Meanwhile, Vietnam Airlines estimates its profit hit a record VNĐ1.6 trillion in 2016, a five-fold increase over the previous year.

Source: Viet Nam News February 16, 2017 02:45 UTC