A group of super rich people has appeared in the Vietnamese society. They have got rich since the day of doi moi (renovation) and they are getting more and more rich, especially with the financial investments recently.
The current low share prices, the urgency of the economic restructuring, the lack of transparency in the stock market and the cash abundance of many big guys all have led to the prediction.
Regarding the suspected case of SHB taking over Habubank, the latter bank has denied the information, stating that the rumor is “inaccurate and unfounded.” However, analysts have pointed out that the statement is only the negative answer to a purchase deal. Meanwhile, it’s still unclear if there was a signed agreement on the merger of the banks. Meanwhile, SHB, in its press release, did not show a direct answer to the question.
However, no matter if SHB really attempts to take over Habubank or not, those, who spent hundreds of billions of dong to buy hundreds of millions of shares in late February, have made a fat profit.
In case no merger or acquisition deal happens with SHB and Habubank, with the current share price levels, the investors, who quietly collected shares at the low prices before, now can make a profit of 30-50 percent, while the profit would be even higher if comparing with the new highest peak at 7400 dong per share.
In case SHB and Habubank reaches a deal and Habubank merges into SHB with the ratio of 1:1.34 as a local newspaper affirmed, the profit the big hidden tycoons who collected Habubank shares, would be even higher. With the SHB share priced at 10,000 dong, Habubank’s shares would be no less than 7500 dong.
A similar thing would happen in case of Sacombank, which is believed to be taken over in some more days, as the share price jumped from the deepest low of 11,000 dong per share in 2011 to 22,000 dong per share now. Especially, investors can see bigger benefits if they can be the members of the board of directors of the banks.
The case that Do Van Binh bought 16 percent of the stakes of SJS in the first week of March was also a hot topic in recent days.
Binh is the president of a finance and construction conglomerate in Bac Ninh province, the member of the board of directors of Maritime Bank. Therefore, he knows well what he can expect from the SJS share purchase.
After the share collection deal, the investor listed himself among the 30 richest stock millionaires in Vietnam. However, the biggest profit would come, if SJS get the permission to develop the Nam An Khanh project.
In the past, with the sum of 500 billion dong, Binh would not have been able to buy such a big percentage of stakes. However, things are getting different, SJS share prices are still staying at low levels. The ownership of a big percentage of stakes in the leading real estate firm in Vietnam would bring a huge asset to Binh, once everything returns to its normal track and the real estate market warms up again.
Rumor has spread out that someone is spending trillions of dong to buy 40 percent of Sabeco’s stakes. If this is true information, this would be another story about the financially capable investors who are quietly buying good businesses at the moment, when the share prices are dirt cheap.