VAFI: listed firms should buy back more shares

Friday, May 2, 2008
Viet Nam Association of Financial Investors (VAFI) has called for more efforts from listed companies to buy back shares to help stabilise the stock market.

The association explained that buyback schemes implemented on a large scale should help calm down investors because buybacks show the responsibility company managers take for their stockholders.

The association also suggested that listed firms release business results in the first quarter of 2008 as soon as possible, to help quash rumours on the exchange.

“Almost all of the listed firms performed well in this quarter as we surveyed, despite the difficult times the economy is going through. The sooner the firms release their balance sheets, the better shares will get.”

VAFI also suggested that performance should consider the impact of inflation towards its business activities. (VNA)