The Ho Chi Minh City Stock Exchange (HOSE) has just announced a list of additional stocks that are not eligible for deposit trading. The only name mentioned in the notice is VPL - the stock code of Vinpearl Joint Stock Company.
The reason given by HOSE: the listed time is less than 6 months - a basic condition for margin to be granted shares according to current regulations.
The notice was posted late in the afternoon of May 13, 2025.
Earlier, on the same day, VPL had its first trading session on the HOSE at a reference price of VND 71,300/share. This code immediately increased the price to 85,500 VND/share, with a ceiling purchase balance of more than 1.3 million units.
With the maximum increase range, VPL became one of the most notable stocks in the market during the day, both in terms of increase and cash flow attraction. However, the fact that this code was included in the list of not-deposited deposits immediately after the first session surprised many investors.
According to the provisions of Decision 87/QD-UBCK and Decision 1205/QD-UBCK of the State Securities Commission, newly listed stocks under 6 months will not be allowed to be traded on a deposit to limit risks. Codes such as VPL will be reviewed for margin conditions after 6 months of official listing.
Vinpearl is a business in the Vingroup ecosystem, operating in the resort sector with a network of accommodation facilities across the country. The floating of this enterprise is considered by investors to be a significant addition to the group of tourism - resort real estate stocks.
