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Monday, July 7, 2025

CHP to pay VND176 billion in final 2024 dividend

The Saigon Times

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HCMC – Central Hydropower JSC (HOSE: CHP) will pay VND176 billion in cash dividend for the final tranche of 2024.

The 12% dividend will be paid on September 24, with the record date set for August 26. Shareholders will get VND1,200 for every share held.

CHP has nearly 147 million outstanding shares. The payment follows a 10% dividend paid in March 2025, bringing the total 2024 payment to 22%.

The company plans to lower the dividend rate to 17% in 2025. The company’s first-quarter revenue surged 69% from a year earlier to VND236.4 billion, while its net profit rocketed 286% to nearly VND120 billion.

CHP said improved water flow boosted output at its A Luoi hydropower plant, which generated 171 million kWh, or 193% of the year-earlier figure. The plant contributed VND184 billion in revenue, making up most of the company’s total.

Revenue from its Cu Jut solar plant fell to VND49.4 billion, or 87% of the same period in 2024, due to a 4.5% cut in power output.

CHP looks to obtain VND240 billion in net profit for 2025, down 23% from 2024. The company has met half of its annual target after the first quarter.

Closing the trading session today, July 7, CHP extended its winning streak to the fourth straight session with a 0.57% increase, ending at VND35,100.

The Hochiminh Stock Exchange’s benchmark index closed above 1,400 points on Monday for the first time in more than three years, supported by strong gains in banking shares and improved investor sentiment.

The VN-Index rose 15.09 points, or 1.09%, to 1,412.06 points, with 224 winners and 87 losers. Trading volume jumped nearly 50% over the previous session to 1.3 billion shares, while trading value climbed 38% to VND28.3 trillion. Block deals accounted for 68.8 million shares worth nearly VND2 trillion.

Bank stocks led the rally, with SHB hitting the ceiling price of VND13,900. The stock saw a record trading volume of nearly 250 million shares, making it the most actively traded ticker on the exchange.

Other lenders gained between 2% and 4%. Liquidity remained strong, with VPB trading 53.6 million shares, TPB 26.2 million, and HDB 24.8 million.

The VN30 basket, which groups the 30 largest-cap stocks, saw 27 advancers and only two decliners, BVH and PLX. The VN30-Index added 19.89 points to 1,508.66 points.

On the Hanoi Stock Exchange, the HNX-Index advanced 3.39 points, or 1.46%, to 235.9 points, with 98 stocks rising and 70 others dipping. Trading volume on the northern bourse reached 130 million shares worth VND2.2 trillion.

The market has posted gains for three straight weeks despite low liquidity and the absence of consistent leadership from key sectors. Analysts warn that high valuations and external risks, including uncertainties concerning U.S. trade policy, could trigger profit-taking.

Some securities firms advised caution, citing the potential for market corrections in the near term.

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