Techcom Securities (TCBS) is about to conduct an initial public offering (IPO), promising to boost the stock prices of securities companies. Currently, most stocks in this group have a P/B ratio above 1, with major companies like SSI, HCM, and VCI having P/B ratios of 2-3 times. Meanwhile, SHS and VND are below 2. Companies with lower P/B ratios, such as BVS and AAS, are generally smaller and have limited market shares. Regarding P/E, securities companies range from 20-40 times, with SSI and VIX having lower P/E compared to the average, while HCM and VCI are higher due to decreased profits. High valuations relate to competitive advantages such as scale and growth potential, while lower-valued stocks often face market and capital issues. Although stocks are not currently cheap, there is significant growth potential, especially with TCBS’s IPO expected to be priced at 46,800 VND per share, valuing the company at over 97 trillion VND. Many forecasts suggest that Vietnam is likely to be upgraded to emerging market status, attracting foreign capital and increasing liquidity for securities firms.
Leave a Reply