BIDV in top four largest firms by market value

 

BIDV head office building in Hà Nội. The bank has claimed fourth position in the top 10 largest firms by market value on the Hồ Chí Minh Stock Exchange. — Photo vietnamfinance.vn

HÀ NỘI — The Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV) is now the fourth largest listed company by market value.

BIDV shares (HoSE: BID) have gained a total of 82 per cent since early June 2019 to end Friday at VNĐ53,900 (US$2.32) per share.

Since the beginning of the year, BIDV shares have advanced a total of 16.8 per cent.

The bank’s market capitalisation on Friday was nearly VNĐ215.18 trillion ($9.27 billion), making it the fourth largest firm on the Hồ Chí Minh Stock Exchange by market value.

The top three are real estate and industrials firm Vingroup (VIC), Vietcombank (VCB) and property developer Vinhomes (VHM).

In 2019, BIDV recorded VNĐ10.77 trillion in total pre-tax profit, up 14 per cent on-year. The bank eyes this year’s profit to increase by 17 per cent on-year to VNĐ12.6 trillion.

The previous fourth largest firm on HoSE was the Vietnam Dairy Products JSC (Vinamilk, HoSE: VNM).

The dairy firm’s shares on Friday edged up 0.3 per cent to end at VNĐ118,600 per share.

At that price, Vinamilk’s market value was more than VNĐ206.5 trillion. — VNS