Viet Capital Securities recently won the Best Equity House award by Finance Asia
(English) - BEST EQUITY HOUSE
Viet Capital Securities
VietCapital Securities didn’t handle the lion’s share of deals during the period under review, but it did work on some key ones. It was the lead adviser for the IPO of PetroVietnam Gas, as well as its privatisation and strategic placement with Morgan Stanley. While the IPO only sold 3.5% of the company, or $90 million, the privatisation of PV Gas was the largest in the history of Vietnam to date. This IPO was extremely important for the market in that it was the first major IPO since the SOE privatisation programme was put on hold in the midst of the financial crisis. Not only did it show that the government was back on track with its highly anticipated privatisations, but it underscored that even the largest companies would be sold. VietCapital Securities was also the sole adviser and manager for four other privatisations and IPOs – for An Giang Electricity and Water, Binh Dien Fertilizer, An Giang Export and Import and My Thoi Port.
Furthermore, VietCapital Securities, which also produces excellent research reports, has been building a solid relationship with foreign investors. For example, it handled a private placement of Vinamilk, which is arguably the most sought after company in Vietnam by foreign investors. The placement was made to foreign institutional investors only, was six times oversubscribed, and the shares were placed at a 25% premium to market at the time of close, confirming the thirst that foreign investors have for quality Vietnamese companies.
Source Finance Asia