VJC shares are eligible for margin trading after 6 month listing

Vietjet Aviation Joint Stock Company shares were initially listed on the exchange on February 28th, 2017. According to HoSE’s decision, securities companies will offer margin trading limit for VJC shares because Vietjet has met necessary conditions, such as its trading time, being not in warning list, having profit, fulfiling the tax obligations and adhering the information disclosure regulations. 

 

Over the last 6 months, VJC shares value increased more than 48% compared to the time before initial listing. Besides the 20% cash dividend payment having registration date at the end of July, Viejet prepares for finalizing the shareholders list to pay 40% bonus share dividend on September 25th, 2017. VJC recently has been traded around VND130,300 per share, its average liquidity last week stands AT 456,000 shares/session, equivalent to more than VND60 billion per a trading session.

 

VJC shares also were preferred by foreign investors, after getting trading success  for more than 30 institutional investors before the initial listing, foreigners purchased more VND405 billion net equivalent to over 3 million shares during the 6 month listing. Vietjet has more than 200 foreign shareholders. VJC’s foreign ownership ration is now 24.16 %, the remaining room is above 5.8% and the company has been applying for raising the foreign ownership cap to 49%.

Recently, VJC has been comprised in the FTSE Vietnam All – Share when meeting the 6 month listing requirement. 

In the first half of 2017, Vietjet reached VND16,423 billion in revenue and VND1,797 billion in after-tax profit (after-tax profit of parent company’s shareholders was VND1,796 billion), an increase of 45% year on year. Earnings per share (EPS) was VND5,737.

Up to June 30th, 2017, Vietjet’s total asset stood at VND24,747 billion, an increase of 49.6% year on year. Its equidy was VND7,321 billion, an increase of 111.9% compared to the same period of 2016. 

Until June 30th, 2017, Vietjet had a fleet of 45 airplanes including 30 Airbus A320 and 15 Airbus A321, opened 73 routes (including 38 domestic and 35 international routes), an increase of 37.7% year on year and a gain of 110.6% of year’s plan. Vietjet operated 49,151 flights with approximately load factor of 88%. Its technical reliability highly stood at 99.55%, on-time performance stood at 85.7%. Vietjet’s flight safety, technical operation, ground operation indicators weres at the highest of Asia Pacific area.