Vietnam brokerage SSI plans 2008 Singapore listing
HANOI, Dec 17 (Reuters) - Saigon Securities Inc. SSI.HM, Vietnam's top brokerage in which ANZ (ANZ.AX) has a 10 percent stake, plans to list on the Singapore stock market next year, state media reported on Monday.
"SSI aims to be the first Vietnamese company to list in Singapore in 2008," SSI Chairman Nguyen Duy Hung was quoted as saying by the Lao Dong (Labour) newspaper.
Last month, the company said it made a net profit of 805.53 billion dong ($50 million) in the first 10 months of this year, nearly six times more than in the whole of last year, on revenues of 1.13 trillion dong.
Shares in SSI, which became the only listed brokerage on the Ho Chi Minh Stock Exchange .VNI on Oct. 29 after moving from the over-the-counter Hanoi market .HASTCI, had fallen 0.77 percent to 257,000 dong ($15.95) at 0227 GMT on Monday.
SSI, in which Japan's Daiwa Securities Group Incorporation (8601.T) owns 1.25 percent, is valued at about $1.3 billion. ($1=16,113 dong) (Reporting by Nguyen Nhat Lam; Editing by Michael Battye)
