Sabeco and Habeco continue to soar after listing

December 16, 2016 | 20:47

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The shares of Saigon Beer, Alcohol and Beverage Corporation (Sabeco) and Hanoi Beer, Alcohol and Beverage Corporation (Habeco) have continuously increased after being listed on the stock exchanges, according to NDH.

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Notably, on the first transaction day on December 6, Sabeco’s shares increased by the maximum allowed in a day on the Ho Chi Minh City Stock Exchange (HoSE). Notably, from a reference price of VND110,000 ($4.9), the SAB ticker opened the day already at VND132,000 ($5.84), a 20 per cent increase from the get-go.

After eight transactions sessions, Sabeco’s shares increased to VND211,500 ($9.40) apiece, up 92.3 per cent from the launch.

The soaring prices made Sabeco become the second largest company on the stock exchanges in term of capitalisation with VND135.63 trillion ($6.03 billion), following Vietnam Dairy Products Joint Stock Company (Vinamilk).

Regarding Habeco, on October 28, the company was officially listed on the Hanoi Stock Exchange (HNX)’s UpCom trading platform.

As of the closing date of the transaction on December 15, Habeco shares increased to VND201,400 ($8.95) per unit, 5.2 times higher than the initial reference unit price of VND39,000 ($1.78). Habeco currently has a total capitalisation of VND46.7 trillion ($2.08 billion).

Vietnam’s largest brewer, Sabeco currently has 24 beer production factories across the country with a total capacity of 1.8 billion litres per year.

In the 11 months of this year, the corporation’s consolidated revenue reached VND28.3 trillion ($1.25 billion) with a pre-tax profit of VND5.035 trillion ($222.78 million).

The country’s third largest beer producer, Habeco owns many reputable brands, such as Truc Bach, Premium, Lager Beer, among others, and operates 17 subsidiaries and 9 affiliates across North and Central Vietnam.

In 2015, Habeco’s equity rose 7.38 per cent on-year to reach approximately VND6 trillion ($274 million). At the same time, the company’s after-tax profit increased by 6.66 per cent. The company paid 18 per cent dividend in 2014.

For 2016, Habeco targets an after-tax profit of VND848.5 billion ($38.7 million) and a dividend of 15 per cent.

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