Vietcombank IPO – great expectations becomes modest inference (19/12)
06/08/2010 - 26 Lượt xem
The news buzzed around trade floors and securities firms. Now investors, who want to add Vietcombank to their portfolio, can rest assured that they will ‘have a piece of the pie.’
Analysts say low demand will keep the price down, as investors have shown they will not buy shares at any cost.
Meanwhile, sources say foreign investors have registered for a moderate volume, some 34mil shares, only slightly higher than the 29.5mil allocated to them.
Analysts said that the expected share price of between VND150-160,000 looks to be a safe bet, though some investors think they will be able to pay less.
The media has reported over the last several days that foreign investors have arranged huge sums of money for Vietcombank’s IPO. Now, however, people are asking, what will the remaining funds go into?
Analysts say that foreign investment funds may be unhappy with the lack of investment options (major IPO’s scheduled for this year have been delayed several times) with huge sums of money remaining static.
Analysts also say that thanks to the lower than expected price of Vietcombank shares, investors will have money left to inject in other listed items. The optimism is pervading securities forums.
On December 18, the bourse witnessed a splendid upturn after many lackluster trading sessions. Especially, foreign investors have returned to trading floors, ready to buy.
In its latest report about Asian markets, JP Morgan said that it is the right time for investors to buy up shares listed on the HCM City Stock Exchange. A report released by another foreign institution provided the same advice in early December.
Source: TBKTVN
