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Demand for SPS shares surges

Jul 11th at 19:22
11-07-2016 19:22:08+07:00

Demand for SPS shares surges

Twenty-five investors have registered to buy 9.3 million shares in Saigon Petroleum Service Corporation (SPS).

 

This is six times the number of shares offered by Saigon Trade Corporation- member limited liability holding (Satra), the auction organiser HMC Stock Exchange (HOSE) said.

Satra offered 1.53 million shares with a starting price of VND30,000 (US$1.35) on July 14.

Established in HCM City in 1992, SPS provides services for the petroleum industry, international and domestic travel services, restaurant and hotels and employment services and labour supply, besides vocational training and orientation, export of labour, real estate business and housing services, as well as leasing of houses, offices and warehouses.

In the last five years, SPS recorded almost no growth in profits, which remained at about VND6 billion. In 2015, the total net revenues reached VND200 billion, a marginal rise from the previous year.

At the end of 2015, the total assets of SPS were worth VND129 billion.

The firm planned to pay a dividend of 16 per cent for 2015.

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