The VNM19 depository receipt is a derivative product based on the underlying security VNM. Issued by Yuanta Securities (Thailand) Co., Ltd., it commenced trading on October 10, 2024.
Depository Receipts (DRs) are transferable securities issued by a depository bank, representing ownership of foreign company stocks. In this case, VNM19 serves as an investment vehicle enabling Thai investors to trade VNM securities using their local currency and existing brokerage accounts. The introduction of VNM19 DRs can offer several advantages for the underlying VNM stock on the HOSE exchange.
By facilitating investment through DRs, VNM gains access to a broader and more diverse investor base, potentially increasing liquidity and stabilizing or boosting the stock price. Enhanced liquidity can also lead to improved corporate governance, aligning with international standards.
The Downturn of Blue-Chip Stocks: VN-Index Retreats at the Precipice
The VN-Index’s seven-day winning streak came to an end, with a stronger correction as the benchmark neared its previous peak. The large-cap stocks (bluechips) disappointed, dragging the market down and causing a wave of selling pressure.
Nam A Bank aims for a profit of 4,000 billion dong in 2024, distributes bonus shares at a rate of 25%
As of now, several banks have announced their annual general meetings (AGMs) to be held in late March and early April. Dividend distribution and profit targets remain a key concern for shareholders.
