On May 13, over 1.79 billion shares of Vinpearl JSC (VPL) officially traded on HoSE, starting at a reference price of 71,300 VND/share. The stock quickly “sold out”, hitting the ceiling price of 85,500 VND/share, with over 1 million units still on buy orders. Vinpearl’s market capitalization soared to over 150 trillion VND (~6 billion USD), positioning it among the top 10 most valuable companies on the exchange. This marks the biggest listing deal in Vietnam since 2018, adding a billion-dollar member to billionaire Pham Nhat Vuong’s ecosystem, which includes Vingroup, Vinhomes, Vincom Retail, and VEFAC. In Q1, Vingroup reported a consolidated revenue of 84,053 billion VND, with a net profit of 2,243 billion VND. Vinpearl achieved Q1 revenue of 2,971 billion VND, a 76.6% increase year-on-year, aiming for a revenue target of 14,000 billion VND and a net profit of 1,700 billion VND in 2025.
Leave a Reply