HANOI, Dec 3 : Masan Consumer, the meals and beverage arm of Vietnam’s Masan Group, mentioned on Thursday it can full its itemizing on the Ho Chi Minh Stock Exchange (HoSE) this month to enhance entry to funding.
The $8.8 billion firm is at present traded on Vietnam’s Unlisted Public Company Market, a platform for small-to-mid-sized corporations.
Its shares have gained 25.6 per cent thus far this yr, closing at 220,800 dong ($8.37) on Thursday, with a free float of 30 per cent, in accordance with LSEG knowledge.
“Listing on HoSE will allow Masan Consumer shares to attract flows from ETFs and active funds, which was not possible on UPCoM,” mentioned Nam Hoang, head of Vietcap Securities, the corporate’s advisor, on the roadshow occasion.
Masan Consumer posted third-quarter income of seven.5 trillion dong ($284.4 million), up 6 per cent year-on-year, whereas internet revenue fell 19 per cent to 1.7 trillion dong ($64.5 million).
The firm, whose merchandise embrace sauces, immediate noodles, espresso and bottled drinks utilized by most Vietnamese households, expects to learn from diminished U.S. tariffs on soybeans and wheat, key uncooked supplies.
Vietnam’s foremost index has surged 36.7 per cent year-to-date, boosted by an FTSE nation classification improve that has spurred IPOs and accelerated listings on HoSE, whilst international traders stay internet sellers.($1 = 26,371.0000 dong)