The country’s third largest beer producer, Habeco, will be officially listed on the Hanoi Stock Exchange (HNX)’s UpCom trading platform on October 28.
The information was announced by HNX on October 21. Accordingly, 231.8 million Habeco shares, representing a chartered capital of VND2,318 billion ($105.8 million), will be available for trading at the initial reference unit price of VND39,000 ($1.78) under the code BHN.
By August 31 this year, two of the largest shareholders of Habeco are the Ministry of Industry and Trade (81.79 per cent) and Carlsberg Breweries (17.08 per cent).
According to Viet Capital Securities Company, the stock’s liquidity is expected to be thin after the listing, as nearly 99.6 per cent of the stakes are held by only two entities. However, a listing is an important milestone for the state to proceed with its divestment from the company, in accordance with the prime minister's directive.
Habeco owns many reputable brands, such as Truc Bach, Premium, Lager Beer, and so on, operating 17 subsidiaries and 9 affiliates across North and Central Vietnam.
In 2010, Habeco completed the construction of its new plant in Me Linh district, Hanoi, with a capacity of 200 million litres per year. The new factory propelled Habeco to stand as one of the two largest domestic beer makers in terms of capacity. Regarding market share, Habeco currently ranks third, following Sabeco and Carlsberg Breweries.
The company is planning to expand in the south, as opposed to maintaining its main market in the northern provinces. In 2016, it has invested in expanding its distribution system in the central city of Danang.
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.
By By Thanh Xuan