GIÁ VCB LÀM THÀNH VIÊN HĐQT STB SỢ ỈN HẾT RA QUẦN

OÀI, Thì từ trước đến giờ, mọi người đều định giá VCB vào khoảng 2xx đấy thôi.
Giá 178 cho cổ đông chiến lược cũng không phải là tệ lắm, nhưng chắc sẽ điều chỉnh lên 200 thôi.
Các bác lãnh đạo nhà ta đâu có chịu thiệt dễ thế?

làm tí STB 67 66 tuần sau lại vui rồi.

tính theo 5 x giá trị sổ sách thì STB 66 = ACB 93 = VCB 150
ACB đắt nhất STB rẻ nhất

Giá đây nè bác
http://www.vinasecurities.com/Report/Morning_wrap/Morning_Wrap_on_Nov_09th_2007.pdf

HIc thế này thứ 2 up up up rùi

Firstly, the article on Bloomberg is based on an unconfirmed rumour. All related people have declined to comment. And more importantly all the calculations in the article are based on the 2006 chartered capital figures. The value of the 15% stake offered to strategic partners was also calculated based on the 2006 chartered capital. According to the article the strategic investor would pay US$515 million to $720 million for their stake. However with this amount of money, we would be left with a very small amount of share premium over par value.

As we mentioned before in the morning wrap of back in September, there are 2 possible scenarios. This article follows our first scenario where we used the 2006 chartered capital as a base and did a valuation based on this figure. But this is an unlikely scenario because the government has already agreed to increase chartered capital up to VND 15,000bn (our second scenario). And if we plug the Bloomberg numbers into the new chartered capital we would be left with a price of VND37,341 to VND52,278 per share for the 15% stake. And that is just not going to happen.

Either way with this amount of chatter we expect an announcement soon on the VCB IPO. Whether or not a deal is done with a strategic shareholder the IPO will go ahead in December. We hope they can cut a deal with a strategic investor beforehand. But not at the prices mentioned by the Bloomberg article which are based on out of date numbers.
Taking the Bloomberg numbers and the FY2006 chartered capital Chartered capital4,356,737,000,000 Share oustanding4,356,737 Total equity11,202,342,000,000 BV per share25,7 3 P/B multiple567Share price (VND)128,563 154,276 179,989 Share price (US$)8.04 9.64 .25 15% stakes offered65,35 ,055 Value (US$)525,109,781 630,131,738 735,153,694 Taking the Bloomberg numbers and the new proposed chartered capital New chartered capital 5,000,000,000,000 (based on FY2006 owners equity and a 30% new share issue)15% stakes offered225,000,000 Share price (US$)2.3 2.8 3.3 Share price (VND)37,341 44,809 52,278