The market is about to welcome a series of new recruits to the HNX and HoSE floors.

In the rising market trend and positive developments of many industry groups, the two stock exchanges HNX and HoSE have welcomed new listed companies, additional issuances and transfers from the UPCoM exchange.

Most recently, on July 12, 2023, 6.3 million DTG shares of Tipharco Pharmaceutical Joint Stock Company (Tipharco) will be officially traded on the HNX floor, with an opening price of VND 25,000/share.

Tipharco was established in 1976 under the name Tien Giang Pharmaceutical Company, mainly producing drugs, pharmaceutical chemicals and medicinal materials. In 2022, after being restructured, with the capacity of new institutional shareholders, Tipharco's products were introduced into modern distribution chains such as Long Chau, Pharmacy...

In terms of business results, at the end of 2022, Tipharco achieved revenue of VND 297.1 billion, an increase of 46%; after-tax profit was 19 times higher than in 2021, reaching VND 18.1 billion, even the highest since its establishment in 2006. In particular, self-produced products increased by 200% compared to the previous year.

At the end of July 2022, Bamboo Capital JSC (HoSE: BCG) became a major shareholder after purchasing 1.3 million shares, equivalent to a 21.01% ownership ratio. Tipharco explained that the reason for the outstanding growth in business results in 2022 was due to the effective restructuring and transformation of the enterprise with the support of Bamboo Capital.

Finance - Banking - The market is about to welcome a series of new recruits to the HNX and HoSE floors — Tipharco Pharmaceutical Joint Stock Company (UPCoM: DTG).

In the first quarter of 2023, the company recorded VND 89.7 billion in revenue and VND 7.1 billion in profit after tax, up 25.5% and 2.67 times respectively over the same period in 2022.

In 2023, Tipharco plans to achieve revenue of VND 360 billion and after-tax profit of VND 30 billion, respectively increasing by 21% and 66% compared to 2022. With the results achieved in the first quarter, the company has only completed 25% of the revenue target and 23% of the annual profit target.

After transferring the stock trading registration from UPCoM to listing on HNX, the company will increase its charter capital. According to the Resolution of the 2023 Shareholders' Meeting, Tipharco will issue more than 22.3 million shares to the public at a ratio of 1:3, meaning that shareholders owning 1 share will be able to buy 3 new shares, paying dividends in 2022 including 5% in cash and 15% in shares.

The additional capital mobilized will be used by Tipharco to supplement working capital, invest in machinery and equipment for factories, research and develop products, and invest in expanding the distribution system in the Mekong Delta and Southeast regions.

In addition to Tipharco, on August 8, nearly 93 million SIP shares of Saigon VRG Investment JSC (Saigon VRG) are expected to be listed on HoSE.

Finance - Banking - Market is about to welcome a series of new recruits to the HNX and HoSE floors (Figure 2). — Saigon VRG Investment JSC.

After the announcement of Saigon VRG's approval to transfer the floor, SIP's stock price on UPCoM has had positive developments, currently reaching VND 115,500/share, nearly double that of early 2023.

On June 21, 2023, Saigon VRG spent more than VND 300 billion to pay the remaining 2022 dividend at a rate of 35% in cash. In addition, the Company plans to reward shares to shareholders at a rate of 100%. Accordingly, Saigon VRG's charter capital will double, from VND 909 billion to VND 1,818 billion.

Saigon VRG Investment Joint Stock Company operates mainly in the field of Investment, construction and business of Industrial Park infrastructure, including Industrial Park Land; Factories for rent; Warehouses for rent along with the development of Commercial - Service and Residential projects to support Industrial Parks.

In addition, in the third quarter of 2023, Binh Son Refining and Petrochemical Joint Stock Company (UPCoM: BSR ) also plans to list BSR shares on HoSE. The Board of Directors of Binh Son Refining and Petrochemical said that it will list shares on HoSE after the 2023 Annual General Meeting of Shareholders when it has met current regulations. The expected time is in the third quarter of 2023.

Finance - Banking - Market is about to welcome a series of new recruits to the HNX and HoSE floors (Figure 3). — Binh Son Refining and Petrochemical Joint Stock Company.

Previously, BSR said that the company could not list its shares because it did not meet the listing requirements. Of the 9 conditions, the company met 8 conditions, and the only condition the company did not meet was " no overdue debts of more than one year up to the time of listing registration" related to its subsidiary Central Petroleum Biofuel Joint Stock Company.

Currently, there are many enterprises that have submitted listing applications, from both enterprises on UPCoM and public enterprises outside the stock exchange such as Bao Chau Pharmaceutical Group Joint Stock Company, Siba High-Tech Mechanical Group Joint Stock Company, An Giang Agricultural and Food Import-Export Joint Stock Company, Dong Duong Trading and Construction Joint Stock Company, VCP Construction and Energy Joint Stock Company, CRV Real Estate Group Joint Stock Company, Quy Nhon Port Joint Stock Company, Vietnam Construction Securities Joint Stock Company, Nam A Bank...

However, some large enterprises have chosen to stop their stock listing plans, such as Ton Dong A, which suddenly sent a dispatch to HoSE about withdrawing its initial listing registration in April 2023.

The reason for withdrawing the application given by Ton Dong A is that the domestic and foreign macroeconomic situation has led to unfavorable business results in 2022 for the whole industry in general and the company in particular. The company has not met the listing conditions as prescribed .

Source