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Tuesday, March 24, 2026

Becamex targets lower profit in 2026, proposes 5% dividend

The Saigon Times

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HCMC – Becamex Infrastructure Development JSC (HOSE: IJC) plans to seek shareholder approval for a 2026 business target of VND2,454 billion in consolidated revenue and VND541 billion in after-tax profit, down 9% year-on-year, at its annual general meeting scheduled for April 8.

According to documents released for the meeting, revenue is projected to rise 36% against 2025 results, while profit is expected to decline. The company also plans to pay a dividend of 5%.

In 2025, IJC reported revenue of VND1,799 billion, up 54% year-on-year and equivalent to 86% of its plan. After-tax profit reached VND597 billion, rising 69% and exceeding the target by 39%.

Closing the trading session today, March 20, IJC shares fell 50 points, or 0.49%, to close at VND10,100, with over 1.25 million shares changing hands, valuing the company at around VND6.36 trillion.

The VN-Index dropped 51.32 points, or 3.02%, to 1,647.81 points, with 95 advancers and 241 decliners. Trading volume totaled over 961.2 million shares worth VND31,093.4 billion, up 9% in volume and 22% in value from the previous session. Block deals accounted for more than 104 million shares worth VND3,946 billion.

For the week, the VN-Index declined 48.43 points, or 2.85%, marking its third consecutive weekly loss with a total drop of more than 230 points.

VIC put the largest pressure on the index, dragging it down by nearly 16 points after falling 6.9% to VND135,000. Other bluechips also declined, with GAS and PLX hitting their floor prices at VND82,000 and VND42,800, respectively.

In the VN30 basket, stocks including FPT, HPG, and LPB fell between nearly 3% and over 6%.

On the Hanoi Stock Exchange, the HNX-Index fell 2.27 points, or 0.92%, to close at 243.46 points, with 59 gainers and 91 losers. Trading volume totaled over 80.2 million shares worth VND1,464.2 billion, with block deals contributing more than 7 million shares valued at over VND62 billion.

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