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Publication permit No: 60/GP-TTĐT , April 05, 2010.
Casumina shares shoot up in debut
Date: 8/19/2009 9:34:55 AM
The VND250-billion (USD 13.88 mil) Southern Rubber Industry Joint Stock Co., or Casumina, which listed 25 million shares on the southern bourse on Tuesday (11 Aug), saw its share price shoot up to the ceiling of VND50,000 apiece compared to the referenced price of VND42,000.
Nguyen Ngoc Tuan (L), chairman and CEO of Casumina, Tran Dac Sinh (2nd, L), general director of the Hochiminh Stock Exchange, and other guests make a toast to mark the first trading day of Casuminas shares on the bourse - Photo: Le Toan
There were only 1,520 shares of Casumina, coded CSM, changing hands in its debutant trade, while demand for up to 126,000 shares did not find sellers at the ceiling price.
Casumina is one of leading rubber producers in Vietnam. Its products including tires and tubes that claim big market shares in the country and are also exported to over 36 countries around the world.
In the first half of this year, Casumina obtained over VND1.1 trillion in revenue and VND121 billion in pre-tax profit. It targets to achieve VND2.37 trillion in revenue and VND240 billion in pre-tax profit this year.
(Source:The Saigon Times Daily )
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