Tisco experiences rocky road in Vietnam

A plunge in the Vietnam Stock Exchange has discouraged companies in seeking a listing on the bourse, said Paibul Nalintarangkul, managing director of Tisco Securities.

Tisco recently forged partnership with a Vienamese brokerage house to provide the investment banking service in the country.

Paibul said the brokerage house should be able to launch an initial public offering (IPO) this year, but the offering period could be delayed from the second quarter to the third quarter. The house is also working on matching up a Thai construction company with a listed Vietnamese company.

"The Vietnam Stock Exchange's main index plunged heavily to 600 points, pushing down the price-to-earnings ratio from 25 times to 15-16 times," Paibul said.

The plunge is attributable to foreign sell-offs and the small market capitalisation. The exchange's market cap is only Bt20 billion, even lower than that of PTT Plc's which is Bt30 billion.

- The Nation

{literal}

{/literal}

New clove product from Bertram
Bertram Chemical (1982), maker and distributor of Siang Pure Oil, Siang Pure Balm and Peppermint Field, plans....
Baby food maker to increase output
Nestle (Thai) is spending Bt75 million on marketing to boost the share of its Cerelac baby food.

{literal} {/literal}

Tisco experiences rocky road in Vietnam

A plunge in the Vietnam Stock Exchange has discouraged companies in seeking a listing on the bourse, said Paibul Nalintarangkul, managing director of Tisco Securities.

OTHER BUSINESS

New clove product from Bertram

Baby food maker to increase output

Top Stories