The richest woman in the Vietnamese stock market.
With Vietjet's listing, the "woman who changed Vietnam's aviation industry" becomes the richest woman on the stock market.
With Vietjet's shares listing on the stock exchange on February 28th, Vietjet's CEO, Nguyen Thi Phuong Thao, surpassed a number of well-known businesspeople to become the third wealthiest person on the Vietnamese stock market.
Today, the Vietnamese stock market will welcome a new stock – VJC shares of VietJet Airlines. This is the first airline stock to be listed on the Vietnamese stock market. Before VietJet, Vietnam Airlines also traded shares, but on UPCOM.
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| CEO Nguyen Thi Phuong Thao |
The initial public offering (IPO) price for VJC shares is 90,000 VND per share. At this price, Vietjet's market capitalization reaches 27,000 billion VND, equivalent to 1.2 billion USD. With a fluctuation range of +/-20%, the VJC share price will fluctuate between 72,000 and 108,000 VND during the first trading session.
At the opening of the trading session, the volume of buy orders at the ceiling price of 108,000 VND and ATO reached nearly 5 million units, but only a mere 10 shares were matched.
According to assessments from reputable securities companies such as Bao Viet and SSI, the price of VJC shares is likely to not stop at 90,000 or 108,000 VND but could reach 150,000 VND. However, assessments are just assessments, and the future will answer whether those assessments are right or wrong.
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| Image from the Internet. |
According to the prospectus, Vietjet has a charter capital of VND 3,000 billion with 664 shareholders as of January 12, 2017. Among them, there are three major shareholders owning over 5% of the charter capital: Sunny Sunflower Investment Co., Ltd. (23.24%), Ms. Nguyen Thi Phuong Thao (9.42%), and GIC Investment Fund of the Singapore Government (5.48%).
Ms. Nguyen Thi Phuong Thao, CEO of Vietjet, is also the 100% owner of Huong Duong Sunny Company. Therefore, she currently directly and indirectly owns 32.66% of Vietjet's shares. Ms. Thao is known for creating many significant changes in the Vietnamese aviation industry, such as the "hybrid" low-cost airline model that makes air travel accessible to everyone. She is also frequently mentioned for VietjetAir's explosive marketing strategies, to the point that Western media even dubbed VietjetAir "Bikini Airlines"... A little-known fact is that, as of this year's Lunar New Year, VietjetAir's domestic market share is on par with Vietnam Airlines.
Based on a preliminary calculation at a price of 108,000 VND per share, the value of shares held by Ms. Nguyen Thi Phuong Thao and her wholly-owned company, Huong Duong Sunny, amounts to 10,580 billion VND, making her the richest woman in the stock market, with the value of her shares only surpassed by billionaires Trinh Van Quyet (43,360 billion VND) and Pham Nhat Vuong (33,266 billion VND).
The value of VJC shares held by Ms. Nguyen Thi Phuong Thao is also much higher than that of many well-known billionaires on the stock market such as Mr. Tran Dinh Long (Chairman of the Board of Directors of Hoa Phat - HPG); Mr. Bui Thanh Nhon (Chairman of Novaland - NVL); or Mr. Nguyen Duc Tai (Chairman of the Board of Directors of Mobile World Group)....
Ms. Nguyen Thi Phuong Thao, born in 1970, holds a PhD in Economic Cybernetics, a Bachelor's degree in Labor Economics Management from the Moscow State University of Economics, and a Bachelor's degree in Finance and Credit from the Moscow Academy of Commerce, Russia. In addition to her position as CEO of VietJetAir, Ms. Thao also holds key positions at several other organizations, including: Vice Chairman of the Board of Directors of HDBank, Chairman of the Board of Directors of Sovico, and Chairman of the Board of Members of Huong Duong Sunny. |
According to Cafe.f
