The move of shares from UPCoM to HoSE is expected to more room for the banks to raise capital, improve stock liquidity and enhance information transparency, thereby meeting the higher standards of a centralised stock market.
The trend of moving to HoSE is expected to help banks improve transparency, expand fundraising opportunities, and affirm their position in the capital market.
Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers...
The recent declines of the securities market have moved bank stocks to an ''attractive zone''. Banks were trading at a P/E multiple of 7.1 and P/B of 1.3 in late November, equivalent to the lows in March 2020.
Shares finished higher on Wednesday thanks to the rise of large-cap in the banking and mining groups, bolstered by increased buying demand at the end of the trading session.