According to the list of stocks that benefit from the upgrade announced by VPBank Securities, VIC of Vingroup is leading with an estimated 321.13 million USD of capital flowing in from passive investment funds. This stock currently accounts for 16.4% of the FTSE Vietnam Index basket, with a capitalization of 26.49 billion USD and a free transfer value of 10.6 billion USD.
Second place is VHM (Vinhomes) with a ratio of 10.3%, with a capitalization of 16.06 billion USD, and an estimated ETF capital flow of 146.02 million USD. HPG (Hoa Phat) ranked next with 77.16 million USD, accounting for 9.7%, with a capitalization of 8.44 billion USD.
Some other stocks are also in the group that are forecast to benefit strongly, including MSN (Masangroup) with 79.3 million USD, VCB (Vietcombank) estimated at 51.57 million USD, VNM (Vinamilk) 59 million USD and SSI 61.44 million USD. These stocks are all stocks with large liquidity, included in the FTSE Vietnam Index basket and meet the criteria of proportion, capitalization, liquidity according to FTSE Russell's upgrading standards.
According to statistics, stocks with a high free float of 55% or more including HPG, FPT, MSN, SSI, VCI, VIX, VND are having a big advantage thanks to the ability to receive additional foreign capital flows when ETFs expand their portfolios.
Of which, SSI has a free float (shares that can trade freely) of 70%, headroom (residing foreign rooms) of 63.1%, with a capitalization of 3.21 billion USD, expected to attract about 61.44 million USD. VIX is also highly appreciated with a 95% free float, 88% headroom, and an estimated capital of 58.08 million USD. VND (VNDIRECT) has a free float rate of 75%, headroom of 85.6%, expected to attract about 31.1 million USD.
Although VRE, VCI, FPT stocks have lower expected capital flows (from 2130 million USD), they are all in the group of leading enterprises, with high representation in the FTSE Vietnam Index basket.
According to VPBankS, the total estimated capital flow value that can flow into the group of 12 beneficial stocks is over 900 million USD, showing great expectations of the market for Vietnam being upgraded by FTSE Russell to the group of "Secondary Emerging Markets".
Experts say that the upgrade will help the Vietnamese stock market access more abundant foreign capital, while improving transparency and standardization according to international standards. In the context of the completion of technical and legal conditions, bluechip stocks such as VIC, VHM, HPG, MSN and SSI are considered potential "destinations" for global ETF capital flows in the new cycle.
