NAB is the only banking stock approved for listing by the Ho Chi Minh City Stock Exchange (HOSE) in 2023. Therefore, NAB becomes the 18th bank listed on the Vietnam stock market.
The stock NAB officially listed on HOSE on the morning of March 8, 2024.
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At the listing ceremony, Mr. Tran Ngoc Tam – Deputy Chairman of the Board of Directors and Chief Executive Officer of Nam A Bank shared: “HOSE, with its position as the largest and most developed trading floor in Vietnam, the listing of public companies in general and NAB in particular is a necessary step in the development process. This will contribute significantly to increasing the market capitalization and liquidity for the market, bringing attractive opportunities for domestic and international investors. It will also create favorable conditions for attracting investment and expanding business operations, increasing value for shareholders and sustainable development of the Bank.”
More than 1 billion shares of NAB officially traded on HOSE will open up opportunities to access potential investors, capital sources… providing motivation for the bank’s growth in the future. The bank will continue to implement many important strategies with two main pillars being green banking and digital banking to ensure business goals, bring even greater value to shareholders, customers and partners.”
The 2024 profit plan is expected to reach VND 4,000 billion, increasing capital to VND 13,000 billion
In 2024, Nam A Bank aims to achieve total assets of VND 232,000 billion (VND 260,000 billion in 2025), mobilize VND 178,000 billion (VND 202,000 billion in 2025), and provide customers with VND 181,000 billion in loans. In which, the bank focuses on supporting 5 priority sectors according to the orientation of the SBV, developing green credit, supporting exports, sustainable agriculture and circular economy.
The pre-tax profit in 2024 is projected to be VND 4,000 billion and VND 5,000 billion in 2025, with the ROA and ROE ratios being over 1.4% and at least 20% respectively. Regarding the capital increase plan, it is expected that by the end of 2024, the charter capital will reach about VND 13,000 billion and about VND 16,200 billion by the end of 2025.
Price increases 7% after the first 30 minutes of trading
After only 30 minutes of trading, the price of NAB shares reached VND 17,000/share, an increase of nearly 7% compared to the reference price of VND 15,900/share.
Photo: Cat Lam
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At the end of the morning session on March 8, the share price of NAB stopped at VND 16,800/share, an increase of nearly 6% compared to the reference price, with over 4 million shares traded.
| Stock price movement of NAB |
