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Becamex to pay 8% cash dividend for 2022

The Saigon Times

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HCMC – Investment and Industrial Development Corporation (Becamex), whose BCM shares are traded on the Hochiminh Stock Exchange, has decided to pay a 8% dividend in cash for 2022, equivalent to VND800 per share.

With more than one billion shares being traded on the market, Becamex will spend around VND828 billion on the dividend payment plan, which is scheduled to take place on December 12, 2023.

Becamex had posted revenue of more than VND3.03 trillion in the year to end-September, plummeting by 46.15% over the same period last year.

Its after-tax profit between January and September stood at only VND264.5 billion, plunging by 84.1% year-on-year.

Becamex set a revenue target of VND9.46 trillion and after-tax profit of VND2.2 trillion in 2023. With the disappointing business result in the January-September period, the company has achieved only 32% of the revenue target and 11.69% of the profit target for 2023.

Closing the trading session today, November 9, BCM increased by 2.35% versus yesterday’s session to VND61,000 per share, with 355,500 shares changing hands.

The VN-Index of the Hochiminh Stock Exchange added 0.46 points, or 0.04%, day-on-day, at 1,113.89 points, with 342 advancers and 202 decliners.

Trade volume totaled 1.05 billion shares worth more than VND21.9 trillion, up 16% and 18% in volume and value against the previous day, respectively. Block deals contributed over VND1.62 trillion to the total value.

VIX closed the trading session at the ceiling price, rising by 6.9% to VND15,600, with over 61.6 million shares changing hands.

VJC recorded the steepest decline in the VN30 basket, falling by 4.1% to VND108,400. Meanwhile, the lender VCB was the main drag of the VN-Index as it fell by 1.8% to VND87,900 per share.

On the Hanoi Stock Exchange, the HNX-Index added 1.2 points, or 0.53%, ending the session at 228.22 points, with 115 winners and 66 losers. The trading volume on the northern market totaled 129.9 million shares, valued at VND2.4 trillion.

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