Sabeco towering over stock market

November 27, 2017 | 15:17

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The value of Saigon Beer, Alcohol, and Beverage Company (Sabeco)’s shares flew to a new record, surpassing VND300,000 ($13.21) apiece to become the largest value ticker on the Vietnamese stock exchanges.

Sabeco's divestment increased traders' interest, boosting the ticker to VND320,000

According to information published by the Ho Chi Minh City Stock Exchange (HoSE), as of half of the transaction session on November 27, the value of Sabeco shares reached VND319,000 ($14.09), increasing its capitalisation to VND200 trillion ($8.8 billion).

Being a point of extreme interest among investors, the state divestment from Sabeco has been accelerated after the Ministry of Industry and Trade asked the HoSE to organise roadshows in Singapore and the UK.

Within the framework of the roadshows, a representative of Sabeco would provide general information about the corporation, its manufacturing system, subsidiaries, distribution network, its financial potential (through the financial reports from the past three years), as well as its plans to develop after being equitised.

Accordingly, on November 24, the roadshow was organised in Singapore and the next roadshow is in the UK today.

Back to Sabeco’s share value, it is not the first time that Sabeco’s shares are pushing records. Previously, on the first transaction day on December 6, 2016, Sabeco’s shares increased by the ceiling set by the HoSE. Notably, from a reference price of VND110,000 ($4.9), the ticker opened the day already at VND132,000 ($5.84), a 20 per cent increase from the get-go.

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

Divesting the state’s ownership in Sabeco has drawn in investors by the droves, especially foreigners. To date, several foreign breweries have admitted to eyeing Sabeco since it was earmarked for equitisation, such as San Miguel, Heineken, SABMiller, Thai Beverage Public Company Limited (Thai Beverage), Japanese Asahi Group Holdings Ltd., and Kirin Holdings Co.

Sabeco is the largest brewer in Vietnam. The firm currently owns 24 manufacturing plants with a total designed capacity of 1.8 billion litres per year, 20 of which are in operation, while the remaining four are expected to come into operation in the near future.

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