HCMC – PetroVietnam Gasoline Joint Inventory Company, whose GAS shares are listed on the Hochiminh Inventory Alternate (HOSE), has obtained a “BB” ranking from Fitch Scores, with a optimistic outlook.
The ranking is anticipated to assist the agency win the belief of companions and banks, GAS mentioned.
For Standalone Credit score Profile, GAS was rated “bb+”. This displays a powerful market place as the only midstream gasoline distributor and the primary liquefied pure gasoline (LNG) importer within the nation, in addition to diversified earnings from a regulated liquefied petroleum gasoline (LPG) enterprise, the place it holds a 70% market share, Fitch Scores mentioned.
The evaluation was based mostly on GAS’s authorized ringfencing, its dad or mum firm’s management over its cashflow and different property, and its incomes visibility.
Closing the buying and selling session as we speak, March 13, GAS maintained its profitable momentum for the fourth straight session with a acquire of 1.03% over the earlier session to VND108,100 and reported an identical quantity of 347,000 shares.
The benchmark VN-Index of the HOSE inched down 0.2 factors, or 0.02% decrease than the earlier session, at 1,052.8, with 114 winners and 288 losers.
Commerce on the southern bourse topped VND11.2 trillion with 625 million shares altering arms, growing 22.9% in quantity and 28.3% in worth in opposition to the session earlier.
Over 100.5 million shares traded in block offers contributed over VND2.3 trillion to the general worth.
Financial institution inventory VPB took the lead by liquidity as we speak, with over 41.3 million shares altering arms.
The Hanoi alternate noticed 46 shares rising and 122 others dipping. The HNX-Index misplaced 2.01 factors, or 0.97%, versus the earlier session at 205.85, with practically 50.6 million shares valued at VND744.8 billion traded.