Anticipating M&A recreation, many small securities shares “shock”

After many classes of attracting money circulation, on August 24th, securities shares had been offered strongly, apart from buyers who “swinged to the highest” yesterday, who had been briefly dropping cash, most buyers caught the wave of securities shares. Securities from 2 weeks now are worthwhile, if holding for greater than 1 month, the profitability is even higher.

For instance, APG, from the start of final week (August 16) till now, this inventory is recording a worth improve of greater than 42%, with 6 consecutive ceiling will increase, presently at 16,350 VND/share. If calculating the value of August 23, APG elevated by greater than 49%.

“Shopping for APG as a result of it is about to promote capital to overseas shareholders” was unfold details about shares of APG Securities JSC greater than 2 months in the past, then, APG’s inventory worth was solely about 9,000 VND/share. The truth is, the inventory worth motion additionally elevated quickly after that to the area of VND 12,000/share, equal to a rise of greater than 30%, however after that, the motion of this inventory was considerably reverse to that of securities shares, when nearly gone. horizontal, or fluctuate round 10%.

The above improve solely appeared with the knowledge that Louis Capital Joint Inventory Firm (TGG) submitted to shareholders a plan to extend constitution capital to roughly VND 573 billion by means of a personal placement of 30 million shares to buyers on the worth of VND 15,000/share. , equal to the quantity collected from the issuance of 450 billion dong. TGG is anticipated to disburse about VND 200 billion to purchase shares of APG.

Together with that, APG additionally has a decision to carry a rare Common Assembly of Shareholders to undergo shareholders a plan to extend capital, elect further members of the Board of Administrators, and modify the marketing strategy in 2021.

The traits of shares belonging to member enterprises of Louis Holding akin to BII, AGM, TGG and shortly APG all have a galloping worth improve earlier than the story of “altering blood and altering house owners”.

Equally growing in worth, from August 16 to now, EVS recorded a rise of almost 43% with many classes reaching the ceiling worth, presently at 34,100 dong/share, if calculated in response to the closing worth of August 23, EVS elevated by 53%.

A notable improvement at EVS is the plan to prepare a rare neighborhood assembly on September 30 with the primary content material being immunity and election to exchange HDQT. It is a signal of blood change, which is acknowledged by longtime buyers out there.

EVS was previously generally known as Ocean Securities Joint Inventory Firm (code OCS) beneath Mr. Ha Van Tham, as soon as managed by Ocean Group, by means of associated authorized entities and people akin to Ocean Group Joint Inventory Firm (OGC). ), Ocean Business Financial institution Restricted and Mr. Vu Hong Son.

In early 2018, OGC accomplished the switch of all 22.5 million OCS shares, equal to 37.5% of the full voting shares of OCS. The transferee is four people together with Mr. Nguyen Ngoc Khanh (9.5% capital); Mr. Pham Xuan Thanh (9.5% capital); Mr. Nguyen Thanh Tung and Ms. Nguyen Thi Thuy Duong every acquired about 9.5% of capital.

As of June 30, 2021, main shareholders of EVS additionally embrace Mr. Pham Ninh Hai (7.5%), Mr. Tran Dinh Loi (9.17%), Ocean Financial institution 5.5%. By which, Mr. Pham Ninh Hai, in response to enterprise registration – is the consultant of Gia Tue Know-how and Buying and selling Co., Ltd. This authorized entity used to come clean with 1.four million shares of Minerals Import-Export Joint Inventory Firm (Minexport) – a member of Gami Group (consolidated into the group in 2018). Speaking extra about Gami Group, the founder is Mr. Nguyen Tien Dung – presently the Standing Vice Chairman of NVB.

In 2020, Minexport will challenge 300 billion dong of non-convertible bonds, with the issuance advisor, bond issuance and depository company being EVS.

The connection between EVS and Gami Group can be mirrored within the joint funding in GMA of Enteco Vietnam Joint Inventory Firm. As of June 30, 2021, EVS recorded the market worth of its funding in NVB shares at VND 244.9 billion, a rise of VND 139.four billion in comparison with the acquisition worth within the interval. Equally, the GMA funding has a market worth of greater than VND 56.5 billion, a rise of VND 51.5 billion in comparison with the acquisition worth.

Nevertheless, notably, on July 29, Ms. Bui Thi Thanh Huong all of a sudden changed Gami Group founder Nguyen Tien Dung as Chairman of NVB’s Board of Administrators. It’s identified that Ms. Huong has held administration positions within the area of strategic administration at massive monetary and banking establishments… and held the function of CEO at one of many main multi-industry personal financial teams in Vietnam. Nam – Solar Group.

With these relationships and developments, it’s forecasted that there will likely be a giant motion within the shareholder construction of EVS, in direction of the identical group of main shareholders in NVB.

In the meantime, at VDS – there was data in earlier years about promoting capital to overseas companions from Korea, however this deal was not profitable.. VDS shares in earlier years didn’t have many fluctuations, usually within the worth vary of 10,000-11,000 VND/share. Nevertheless, this 12 months, VDS is a inventory with a powerful improve in worth, as much as 2x. And it’s presently at 29,200 dong/share, up 15% in comparison with the start of final week, and in comparison with the closing worth on August 23, VDS elevated by 23%.

As famous by the author, in some rooms for trade, inventory consulting, and brokerage, buyers are advisable to purchase VDS with the story that they’re planning to promote capital to overseas companions. This data has not been confirmed, however buyers who purchased VDS shares early due to this information have additionally made a relative revenue.

Within the shareholder construction of VDS, there are presently no main institutional shareholders, solely particular person main shareholders are Mr. Nguyen Mien Tuan 17.79%, – Chairman of the VDS Fatherland Entrance, Mr. Nguyen Hoang Hiep 16.98% Mr. Nguyen Xuan Do 16.98% and Ms. Pham My Linh 11.91%.

Comparable in CTS with the expectation of CTG’s “divorce recreation”, CTS inventory worth additionally elevated by 23% (August 16-23). In accordance with a report revealed in July by KBSV with content material, CTG is searching for a strategic companion with the need to scale back its capital contribution at VietinBank Securities (Vietinbank Securities, CTS) by about 15%, to deliver the possession ratio down from 75 .6% to over 50% of CTS’ constitution capital.

With the above promoting price, it’s tough to type an M&A deal at CTS, but when a companion will be discovered, it is a driving drive for CTS inventory.

Additionally Securities firm whose dad or mum shareholder is the Financial institution, ACBS additionally deliberate to promote capital to a overseas companion, however the deal failed as a result of the Korean companion needed to purchase management or the complete firm, whereas ACBS needed to discover a cooperation companion.

In distinction to the above securities that had been requested to purchase by overseas buyers, Tien Phong Securities Joint Inventory Firm (abbreviated TPS .), previously generally known as Phuong Dong Securities – inventory code ORS) has a serious shareholder associated to Tien Phong Financial institution, particularly TPB owns greater than 9% of capital and the looks of Mr. Do Anh Tu, Vice Chairman of HDQT TPB is presently the Chairman of TPS. Though the personal placement of 2019, there was no TPB, as a substitute two people, Ms. Vu Le Thuy Linh and Ms. Nguyen Thi Minh Mortgage, every purchased eight million shares on the worth of 10,000 VND/share. Nevertheless, TPS’s brand and picture have similarities with TPB’s model id, exhibiting the shut relationship between TPB and TPS.

TPS’s upcoming plan, after elevating capital, is to cancel registration for buying and selling at Upcom and transfer the itemizing to HOSE in 2021.

Not solely in listed securities firms, the search to purchase securities firms has continued to happen strongly from 2018 till now, such because the acquisition of Encapital by former CEO of VND – Mr. Nguyen Hoang Giang. the corporate Dai Nam Securities; the silhouette of Hyundai Thanh Cong within the acquisition of the Firm Da Nang Inventory Change; or the author’s observe about many teams asking to purchase the corporate Golden Lotus Securities when TDH introduced to withdraw all three million shares right here (main shareholders associated to HBC and leaders of HBC); or the Kwangju Financial institution business financial institution beneath the Korean monetary group JB Monetary Group signed an settlement to accumulate the Firm. Morgan Stanley Gateway Securities (MSGS) at a worth of 382.four billion VND (16.5 million USD); Hanwha acquired HFT . Securities Co and altered its title to Pinetree Securities Firm…

The principle purpose for the rise in demand for securities firm acquisition is the potential for improvement of Vietnam’s inventory market (the variety of members will increase, the product improvement is extra diversified…). Nevertheless, for a very long time, the State Securities Fee has stopped granting a license to ascertain new securities firms, so it’s only attainable to purchase again current securities firms to affix. By which, small-scale securities firms, even inefficient operations… are extra wanted as a result of the acquisition price will likely be decrease, and it’s simpler to restructure the corporate.

And the consumers, not solely from overseas buyers, but in addition from companies and teams of home buyers.

Okay Pham

Enterprise and Advertising and marketing