Interests and concerns of institutional foreign investors in Vietnam stock exchange: a case study
Lien, Phan Thi Bich (2019)
2019
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2019121326475
https://urn.fi/URN:NBN:fi:amk-2019121326475
Tiivistelmä
Vietnam Stock Market has had an amazing starting during the first quarter of 2018 with VN-Index recorded the highest point in its history, to over 1,200 points in April 2018. Real estate alone attracted more than USD3 billion in 2017 and continuing to grow in the first half of 2018. This thesis will study what foreign investors interests and factors that they used to analyze a company performance and health before down payment for an investment. Vietnamese corporates now are trying to get more attention from many foreign investors to support their activities and development strategies.
This thesis will use the data collected from many investors meetings at Novaland Investment Group Corporation which was organized in the first half of 2018. The meetings were conducted by many international organizers such as Citi Bank, Deutch Bank, HSBC, as well as local securities companies including Vietnam Capital Securities, Saigon Securities. Then the data was analyzed mainly by using content analysis of the data.
As a result, each investor concerned to specific problems and had their own investment philosophy in a company and what market they were searching for. Investors were categoried in term of hedge fund, long-term, short-term or sovereign wealth fund. From investors specific term of investment, the company could improve its performance to match their target investors group.
The findings also showed the important role of investor relation activities in connecting the investors' behaviours and the company capital’s demand. It further showed that if the company could understand investors’ taste and investment style as well as their real concerns in the capital market, it would get more advantages in the fundraising activities when attracting more foreign investors in the portfolio.
This thesis will use the data collected from many investors meetings at Novaland Investment Group Corporation which was organized in the first half of 2018. The meetings were conducted by many international organizers such as Citi Bank, Deutch Bank, HSBC, as well as local securities companies including Vietnam Capital Securities, Saigon Securities. Then the data was analyzed mainly by using content analysis of the data.
As a result, each investor concerned to specific problems and had their own investment philosophy in a company and what market they were searching for. Investors were categoried in term of hedge fund, long-term, short-term or sovereign wealth fund. From investors specific term of investment, the company could improve its performance to match their target investors group.
The findings also showed the important role of investor relation activities in connecting the investors' behaviours and the company capital’s demand. It further showed that if the company could understand investors’ taste and investment style as well as their real concerns in the capital market, it would get more advantages in the fundraising activities when attracting more foreign investors in the portfolio.