20160512_BSC_Market Insights_EN_UPCOM Premium

UPCoM awoke in 2015
UPCoM market has been in operation since 24/06/2009, however, it had to wait till 2015 to awake with the IPO of many large-cap stocks due to several regulations such as Decree 60, Circle 180 and spread adjustment from +-10% to +-15%. Some large-cap firms such as MSR, DDV, SBS, GEX, … were listed in 2015, attracting market attention. Total trading volume reached 934.6 million shares, up 70.9% and equivalent to VND 14.2 billion. Market capitalization reached VND 41.5 billion in 2015.

Many stocks to join UPCoM Premium
Based on the review of the classification criteria for UPCoM Premium under Decision No. 282 / QD-SGDHN issued on 05/09/2016, 66 stocks may fall into this category.
-    56 listed shares can meet the first set principle, of which 30 shares satisfy Clause 1.1 " Registered organisation with chartered capital at the end of the latest fiscal year of VND 120 billion or more calculated according to the value recorded in accounting books, be profitable in the recent fiscal year, no accumulated losses on date in recent fiscal year"and 48 stocks meet Clause 1.2 "Registered Organisations with charter capital at the end of the latest fiscal year of VND 30 billion or more calculated according to the value recorded in accounting books, with return after tax on equity (ROE) of at least 5% in the latest fiscal year, no accumulated losses on date in recent fiscal year”;
-     133 listed stocks can meet the 2nd set of criteria "registered issuer is eligible for margin trading under Regulation on instructions for securities margin trading of SSC "