HÀ NỘI — About two billion shares of six companies will start trading on the stock market this week, of which Vincom Retail debuts 1.9 billion shares on the HCM Stock Exchange on Monday.

Vincom Retail (VRE)

Vincom Retail (VRE), the mall operator of the real estate giant VinGroup, starts trading 1.9 million shares, equivalent to a total charter capital of VNĐ19 trillion (US$837 million), on the biggest HCM Stock Exchange on Monday.

VRE shares are trading around VNĐ40,550 ($1.79) per share, 20 per cent higher than its debut price of VNĐ33,800 ($1.5).

At that price, the company’s market capitalisation will surpass VNĐ77 trillion, equal to $3.4 billion, making it among the top 10 largest companies by market capitalisation in Việt Nam.

Vincom Retail operates 41 commercial centres with popular brands such as Vincom Center, Vincom Mega Mall and Vincom Plaza. The operation of commercial centres is among the most profitable segments of Vingroup, which brought in some VNĐ2.88 trillion in revenue and VNĐ1.45 trillion in pre-tax profit for VinGroup in the first half of this year.

Pymepharco JSC (PME)

Pymepharco (PME) will debut 65.22 million shares on the HCM Stock Exchange on Wednesday with the reference price of VNĐ68,000 ($3) per share, which is allowed to fluctuate between +/-20 per cent on the first trading day.

At this price, Pymepharco is valued at VNĐ4.44 trillion ($196 million).

Established in 1989, Pymepharco is among the largest pharmaceutical companies in Việt Nam, which produces, trade import and export medicinal-pharmaceutical materials and equipment with more than 20 countries in the world.

The company has targeted net revenues of VNĐ1.57 trillion and a pre-tax profit of VNĐ300 billion for the whole 2017. It plans a minimum 20-per-cent dividend this year. Ending September, it earned VNĐ1.2 trillion net revenue and VNĐ215 billion net profits.

Tràng Thi Commercial and Services (T12)

Tràng Thi Commercial and Services JSC (T12) will start trading 13.5 million shares on the Unlisted Public Company Market (UPCoM) on Monday at a debut price of VNĐ28,000 per share.

Founded in 1955, the company made its initial public offering (IPO) in 2015, with over 3.1 million shares, equal to 23 per cent of its charter capital, being sold to the public. Hà Nội Trade Corp (Hapro) is the current biggest stakeholder with 53.33 per cent of capital.

The company reported net revenues of VNĐ191.6 billion and a net profit of less than VNĐ2 billion in the first half of this year.

Other three companies begin trading on UPCoM this week, including real estate trading Harec Investment and Trade JSC (HRB), with 6.34 million shares and garment company Đức Giang Corp (MGG), with 6.2 million shares on Monday, and Quảng Bình Environment and Urban Development JSC (MQB), with 3.67 million shares on Wednesday. — VNS