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VCSC Daily - Stocks jump on banks, energy - BSR, GMD, PLX, PVOil, QNS, AAA

Market Commentary

23 Feb 2018

BSR: Listing on UPCoM on March 1 at a starting price of VND22,400 per share. HNX announced that BSR will list 241 mn shares (7.8% of its total share count) on UPCoM on March 1, 2018. At the listing price, BSR has a market capitalization of USD2.9bn and an attractive 2017 P/E of 7.8x, lower than its Asian peers of 9.2x. In 2017, BSR's EPS surged 90.5% vs 2016.

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