Bualuang Securities launches 5 DR Vietnam New Year 2022 “DIAMOND”, abbreviated FUEVFVND01, with the release of foreign limit restrictions and creating investment opportunities in leading Vietnamese stocks. through the Thai Stock Exchange Preparing to open for Bualuang Securities customers to subscribe for IPO via Bualuang Securities website From 22-24 March 2022
Mr. Banrong Pichayakorn, Senior Managing Director securities trading Bualuang Securities Public Company Limited revealed that the foreign Depositary Receipt (DR) issued by Bualuang Securities was the first in Thailand at the end of 2018, using the symbol “E1VFVN3001” with underlying securities. It is an ETF based on the VN30 Index, reflecting the first 30 leading stocks in Vietnam. Currently receiving attention from continuous investor The market capitalization figure at the end of 2021 grew 7 times, up to 7,300 million baht, compared to the end of 2020 with a market value of 1,300 million baht, while the average daily trading volume increased more than 10 times from 7. million baht at the end of 2020 increased to 74 million baht
Bualuang Securities thus extending the success With the launch of 5 new foreign listed securities (DR) by 2022, the first is the DR “DIAMOND” with the symbol “FUEVFVND01” with the underlying securities as DCVFMVN DIAMOND ETF (FUEVFVND) underlying investment. The VN DIAMOND Index, with its core features, consists of stocks held by foreign investors of at least 95% of their investable equity (Foreign Ownership Limit (FOL)) issued by Dragon Capital VietFund Management (DCVFM), an asset management company (CVF). Leading investors with the highest total assets under management (AUM) in Vietnam To provide an opportunity for investors who want to diversify their investments in Vietnam’s Super Stock through the Stock Exchange of Thailand in baht currency.
Highlights of DR “DIAMOND” are
1. Able to invest in Vietnamese stocks without limiting the shareholding proportion of foreign investors This is because many Vietnamese companies have stock ownership by foreign investors (FOL) requirements.
2. Invested in 17 leading Vietnamese stocks according to the VN DIAMOND index by DR “DIAMOND” weighting the investment in Finance Stocks, Luxury Stocks, Technology Stocks, Industry Stocks and real estate stocks with approximately 40%, 29%, 15%, 12% and 4% respectively.
3. Easy investment through the Stock Exchange of Thailand and can trade like Thai stocks in Real-Time without lunch break By using not much initial investment, 1 DR unit can be invested.
4. No management fee is collected; and
5. Issued by Bualuang Securities Received an AA credit rating from TRIS Rating, a Thai credit rating agency.
In this regard, DR “DIAMOND” will be open to Bualuang Securities customers to subscribe for the IPO via www.bualuang.co.th from March 22 at 9:00 a.m. to March 24, 2022 at 4:00 p.m. Subscription according to the amount you want to invest The number of DR units will be allocated based on the average price of foreign securities that the issuer can purchase, including fees for purchasing foreign securities. adjust with exchange rate The company will announce the IPO (Final Price) price via Bualuang Securities website afterwards. (Estimated price of DR FUEVFVND01 as of March 9, 2022 calculated from foreign securities FUEVFVND, equivalent to Baht 40.94 per unit)
General investors interested in subscribing can open a trading account with Bualuang Securities at the Bualuang Securities website. Investors can learn more about DR “DIAMOND” at https://bls.tips/DRDIAMOND For more information, please contact BLS Customer Service at 0-2618-1111.
The offering of DR “DIAMOND”, the second DR of Bualuang Securities, will help relieve foreign limit restrictions and create investment opportunities in leading Vietnamese stocks. By using less investment than direct investment and do not have to trade on premium prices. Because the shares that have reached the holding limit of foreign investors will cause investors who want to invest in Vietnamese stocks to buy at a price that is 7-30% higher than the market price, but investing in DR “DIAMOND” is like a deposit for Vietnamese people. Buy Vietnamese stocks for us so we don’t have to buy expensive stocks.” Mr. Banronong said
Mr. Ratsaran Thanapaisalkit, Senior Director Foreign Securities and Futures Department Bualuang Securities said the outlook for Vietnam’s stock market still had good growth prospects and the share price was still affordable. As Vietnam is in a developing country, it is evident from the investment target of more than 15 billion US dollars in infrastructure. To stimulate the economy after being affected by the Covid-19 epidemic situation, during the next 3-4 years it is expected that the economy may expand by more than 7%, driven by strong consumption. With over 30% of the population being young, while exports grew by 30% after trade treaties with many countries were entered into. Including being able to control inflation at 3.5-4%, Vietnam is preparing to open the country to tourists in the first half of 2022 and the Dong currency is stable.
“Vietnam’s economy is growing well. Makes the stock market still attractive, reflected in the 2022 P/E of 13 times, while the P/E of the VN DIAMOND index is 11 times. Last year, the Vietnamese market generated a 29% return, the highest in the world. Therefore, DR “DIAMOND” is another option to diversify into good foreign stocks. through the Thai Stock Exchange Because it focuses on investing in only 17 super stocks and limiting investment in each stock to no more than 15%. Most of them are stocks that are popular with foreign investors, such as MWG, a major retailer in Vietnam operates similar to CPALL shares in the Thai stock market and FPT shares, the only technology of the VN DIAMOND index, operates like the world’s largest IBM company, for example.” Mr. Ratsaran said
