SCIC holds 33tr dong worth of listed shares

Till the end of September 2011, State Capital Investment Corp. (SCIC) is managing the state capital of over 50 listed companies, of which the corporation mostly holds the majority stakes.
On September 23, the total market value of these listed shares reached some 33.2 trillion dong.
Notably, SCIC holds 168.6 million VNM-coded shares of Vietnam Dairy Products Joint Stock Co ( Vinamilk ) with a total value of nearly 21.8 trillion dong, accounting for two third of the total market value of these listed shares.
Following VNM is three other share codes with the holding value of over one trillion dong namely VCG-Vietnam Construction and Export Import Joint Stock Corp ( Vinaconex ) with 2.236 trillion dong, DHG of Hau Giang Pharmaceutical Joint Stock Co with 1.713 trillion dong and BVH of Bao Viet Group with 1.595 trillion dong.
In addition, 16 other shares posted the holding value of over 100 billion dong including FPT, VNR, VSH and NTP.
However, because there are almost no transactions of these shares on the market, so SCIC’s main revenue may be from the dividends.
For instance, with Vinamilk, from early 2010 so far, SCIC has received nearly 1.2 trillion dong dividend from this firm (with four dividend payments totaled at 70%).
Additionally, SCIC also holds unlisted shares such as 50.1% of FPT Telecom, 26.1% of An Giang Plant Protection JS Co (AGPPS) and 70% stake in Jestar Pacific aviation firm.
SCIC also owns 88% stake in Vietnam Electronics and Informatics Joint Stock Corp (VEIC), 44.5% stake in Vietnam Trading and Construction Investment Joint Stock Corp (Constrexim Holdings), Hai Phong Thermo Power Joint Stock Co and Quang Ninh Thermo Power Joint Stock Co.
Top 20 listed shares with biggest value in SCIC’s portfolio (basing on price on Sept. 23):
Stock Symbol
Volume
(million shares)
Ownership rate Value (billion dong)
VNM 168.6 45.5% 21,755
VCG 153.2 51.1% 2,236
DHG 28.3 43.4% 1,713
BVH 22.2 3.3% 1,595
FPT 13.3 6.2% 699
VNR 40.7 40.4% 529
VSH 49.5 52.4% 515
NTP 16.1 37.1% 505
BMI 38.3 50.7% 413
BMP 10.4 29.8% 364
KSB 5.4 50.0% 268
HGM 2.9 49.0% 246
TRA 4.4 35.7% 183
TBC 15.2 24.0% 178
HAI 8.7 50.0% 178
DMC 6.2 34.7% 150
TTP 4.1 27.3% 126
VNE 18.9 29.7% 108
DBC 6.0 13.8% 106
STG 4.0 47.7% 104
Total 20 share symbols 31,970
In 2011-2012, SCIC is planning to divest capital in 420 enterprises, including 30 listed firms (or a half of listed shares in its investment portfolio).
In detail, SCIC will offload capital in small firms specializing in seafood, agriculture materials and pharmaceutical. The value of these shares in SCIC’s portfolio is also not high.
This capital divestment is said to help SCIC better manage its portfolio and at the same time have more capital to seek new investment opportunities. This is also chance for new investors to join.
Currently, SCIC offloaded capital in Faquimex Ben Tre (FBT) and intends to sell additional stake in Ca Mau Export Import and Seafood Co-Camimex (CMX) for Betexco Nam Long. Some other shares in SCIC’s capital divestment plan are AGF, DBC, HAI, DQC, RAL, SSC, VFR, and DCL.
(US$1 = 20,830.00 dong)”-Source:Vietbiz24.com”

Tags: SCIC, State Capital Investment Corp, VCG, vietnam stock, Vietnam stock market, Vietnam stock news, VNindex, VNM

Posted by quynhdn on Sep 27 2011. Filed under Markets, Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry