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MarketScreener Homepage  >  Equities  >  Ho Chi Minh Stock Exchange  >  Vietnam Airlines    HVN   VN000000HVN8

VIETNAM AIRLINES

(HVN)
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End-of-day quote. End-of-day quote Ho Chi Minh Stock Exchange - 08/04
23050 VND   +3.36%
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Vietnam to sell remaining 36% stake in largest brewer Sabeco

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07/04/2020 | 12:56am EDT
FILE PHOTO: A man pours Saigon beer (Sabeco) into a mug at a restaurant in the Old Quarters in Hanoi

By Khanh Vu

Vietnam's government will sell its remaining 36% stake in the country's largest brewer Sabeco by the end of this year, according to a government document released this week.

Vietnam has been seeking to speed up its privatisation of state-owned firms in recent years to improve their performance and to fill its coffers.

Sabeco, formally known as Saigon Beer Alcohol Beverage Corp., has a market capitalisation of $4.5 billion, according to Refinitiv data.

The Ministry of Industry and Trade will complete the transfer of the stake to the state-owned State Capital Investment Corp (SCIC) by the end of August to pave the way for the sale, the June 29 document said.

A SCIC official said on Thursday it did not have a detailed plan for the sale yet.

In a statement on Saturday, Sabeco said it welcomed the decision and looked forward to having SCIC as shareholder.

"We look forward to welcoming SCIC as our shareholder and working closely with SCIC to the betterment of Sabeco in the near future," it said.

Apart from Sabeco, the government is also seeking to sell all or part of its stakes at more than 150 other companies, including Vietnam National Petroleum Group and Vietnam Airlines, according to the document.

The government in 2017 sold a 53.59% stake in Sabeco to ThaiBev through a local entity for $4.84 billion. A year later, Sabeco, known for Bia Saigon and 333 brews, removed the foreign ownership limit at the company.

Sabeco said last month its business was beginning to regain momentum after suffering from the impact of the COVID-19 pandemic and tough local drink-driving laws earlier this year.

(Reporting by Khanh Vu; additional reporting by Phuong Nguyen; Editing by Ed Davies and Christian Schmollinger)

Stocks mentioned in the article
ChangeLast1st jan.
SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION 0.60% 169000 End-of-day quote.-25.88%
THAI BEVERAGE -4.69% 0.61 End-of-day quote.-31.46%
VIETNAM AIRLINES 2.76% 22300 End-of-day quote.-33.93%
VIETNAM NATIONAL PETROLEUM GROUP 3.67% 43750 End-of-day quote.-21.88%
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Financials
Sales 2020 62 558 B 2 690 M 2 690 M
Net income 2020 -4 210 000 M -181 M -181 M
Net Debt 2020 - - -
P/E ratio 2020 -7,51x
Yield 2020 -
Capitalization 31 628 B 1 363 M 1 360 M
Capi. / Sales 2020 0,51x
Capi. / Sales 2021 0,35x
Nbr of Employees 21 775
Free-Float 3,93%
Chart VIETNAM AIRLINES
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Technical analysis trends VIETNAM AIRLINES
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 20 150,00 VND
Last Close Price 22 300,00 VND
Spread / Highest target 16,1%
Spread / Average Target -9,64%
Spread / Lowest Target -35,4%
EPS Revisions
Managers
NameTitle
Thanh Tri Duong Chief Executive Officer & Director
Minh Ngoc Pham Chairman
Hien Thanh Tran Chief Accountant & Head-Finance Division
Minh Xuan Nguyen Director
Hung Manh Ta Director
Sector and Competitors
1st jan.Capitalization (M$)
VIETNAM AIRLINES-33.93%1 363
SOUTHWEST AIRLINES-41.50%18 628
AMERICAN AIRLINES GROUP INC.-61.37%5 655
JUNEYAO AIRLINES CO., LTD-36.87%2 667
ALLEGIANT TRAVEL COMPANY-36.01%1 786
CHINA EXPRESS AIRLINES CO.,LTD37.81%1 614