VietNamNet Bridge – Bank shares, called ‘king shares’, have seen prices escalate to record highs after a period of decline.
Analysts say the time of the king share has returned.
Nearly 650 million shares of LienVietPost Bank (LPB) have been put into transactions on UpCom market since October 5. With the reference price level of VND14,800 per share, the bank has capitalization value of VND9.5 trillion, ranking 10th among listed banks.
LienVietPost Bank is the bank with the largest network in Vietnam with 130 branches and transaction points in 63 provinces/cities and 1,000 post transaction offices.
|Bank shares, called ‘king shares’, have seen prices escalate to record highs after a period of decline.
President Nguyen Duc Huong now holds 4.95 percent of the bank’s capital.
Prior to that, in mid-August, the investors’ attention was drawn to the listing of 1.3 billion VP Bank shares (VPB) on the HCMC bourse at the starting price of VND39,300 per share.
The listing has brought new billionaires to the stock market. VB Bank’s President Ngo Chi Dung, his wife and mother, who hold hundreds of millions of shares worth nearly VND10 trillion in total have been added on the list of the richest stock billionaires. Continue reading ““King bank shares” return”