Thuy Trieu
Most of the enterprises whose stocks were delisted incurred losses in three years in a row or saw their loss exceeding the paid-up capital.
South Vietnam Container Shipping Company (VSG) reported losses in three years in a row. As of the end of 2012, the enterprise saw loss of VND140.6 billion, higher than its paid-up capital of over VND110 billion. VSG was delisted from the southern bourse on May 3.
In addition, four investment funds on the exchange will also be off bourse this year because of the expiry of their operations, or will convert into open-ended funds, which are not listed on the stock market. They are Prudential Balanced Fund (PRUBF1) of Eastspring Investments Company and VF1, VFA and VF4 managed by Vietnam Fund Management Company.
Nguyen Xuan Binh, an analyst from Bao Viet Securities Company, told the Daily that the macro economy has seen recovery signs. So, listed firms are expected to obtain better results next year.
In addition, banks’ lending rates have also declined strongly. The number of delisted stocks may not increase in the future.
However, some listed firms may see delisting unavoidable if they have incurred huge losses. These enterprises may fail to make improvements even with better conditions of the economy, Binh said.
On the southern bourse, 35 enterprises have been put into the watch list for incurring losses.
Đăng ký: VietNam News